MortgagesUndressed

Read this book. Read this series of trigger list articles. Larry Cragun

I am goint to pick up the pace against trigger lists. In going through orientation with our attorneys and credit providers I find the harm is greater than suspected and the government is looking the other way.

Ignoring this problem is so blantant I wonder if the credit bureaus are buying off the bureacrats.

Simply put - when you apply for a mortgage the bureaus now sell you as a hot lead. You trigger an assault on all that is important to your identity security.

Perhaps it is just beause it isn’t press yet, the Federal Government is looking the other way. They are doing nothing because they say they have no volume of compaints yet.

There are laws violated when people want to opt out, similar to the do not call list, but no bureau has been fined yet.

If you were in search of a mortgage lead, what better source than a notification Joel Blow has just applied for a loan.

Today, a case of stolen identity off the Trigger List. Anyone can buy the names off these lists. One of our mortgage reporting agencies had a client called by someone who was sold to the trigger list. The voice on the phone said do you not know you have a delinquency on your credit report? I will fix it but I must have your social security number.

You got it; identity theft.

The entire industry is in a high security mode. Not Experian, Trans Union, Equifax, and Innovis.

There is no security for the consumer in this sale of your name.

You may think it is nice to get offers of better rates, but you are in danger of being ripped off.

Larry Cragun