In today's episode, we’re pulling back the curtain on a topic that will ruffle some feathers—especially in the mortgage industry. Loan officers might not be thrilled, but we’re here to arm YOU with the knowledge you need to avoid getting caught in one of the mortgage industry's most frustrating traps: trigger leads.
We’ll break down how credit bureaus are cashing in on your personal information, selling it to desperate lenders the moment you apply for a mortgage. Yep, it’s real, and it happens more often than you think.
In this eye-opening episode, Christian shares what happens behind the scenes in the lending world, how trigger leads work, and how these bottom-feeder lenders are trying to steal your business after you’ve already done all the hard work of finding a reputable lender. Plus, we’ll dive into real-life examples of shady tactics and offer some advice on how to protect yourself.
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00:00 Welcome
02:41 Trigger Leads
13:57 Selling Snake Oil
19:40 Hidden Fees
39:46 Questions To Ask Your Loan Officer
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