Pre-Screening and Trigger Leads
What is Pre-Screening and How Does It Relate to Trigger Leads?
When you apply for a mortgage, the credit inquiry made by your lender triggers a notification to credit bureaus that you’re seeking a loan. This notification can then be sold by credit bureaus to other lenders or companies as part of a service known as trigger leads.
Trigger Leads: What You Need to Know
- What They Are
Trigger leads are lists of consumers who have recently had their credit pulled for a mortgage inquiry. Credit bureaus sell these lists to competing lenders or companies looking to offer you similar products.
- What Happens Next
If your information is included in a trigger lead list, you might receive unsolicited calls, emails, or offers from other lenders who hope to win your business. This can be overwhelming and intrusive, especially if you didn’t expect it.
How Pre-Screening Protects You
The Pre-Screen Opt-Out program allows you to prevent your information from being included in these lists. By opting out, you reduce the chance of receiving unwanted solicitations and protect your privacy
- How to Opt-Out
- You can opt-out of pre-screen offers online at OptOutPrescreen.com.
This service, authorized by the credit bureaus, allows you to remove your information from pre-screened lists for five years or permanently if you submit a paper form.
- Benefits of Opting-Out
- Avoid unnecessary distractions while focusing on your mortgage process.
- Reduce the risk of confusion caused by multiple offers or conflicting information.
- Protect your privacy and maintain control over your personal information.
Why This Matters During Your Mortgage Process
At Exhale Lending, we understand how important it is to stay focused and stress-free while securing your home financing. Trigger leads can be disruptive, but opting out of pre-screen lists helps you avoid unnecessary headaches and stay in control of your mortgage journey.
If you’d like guidance on how to opt-out or have any questions, don’t hesitate to reach out to us. We’re here to help!
At Exhale Lending, we understand how important it is to stay focused and stress-free while securing your home financing. Trigger leads can be disruptive, but opting out of pre-screen lists helps you avoid unnecessary headaches and stay in control of your mortgage journey.
Exhale Lending is a mortgage brokerage firm that embodies trust, transparency, and a genuine desire to help clients achieve financial serenity. With our client-centric approach, expertise, and unwavering commitment to excellence, Exhale Lending is poised to make a meaningful impact on the journey towards homeownership for individuals and families alike.
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Exhale Lending, L.L.C.
Equal Housing Opportunity
Office Location
Cary, NC 27511