Daily Commentary
by Rob Chrisman · Published every weekday since 2008
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More from Chrisman
Feb. 27: LO jobs; fraud, processing, verification waterfall products; Fairway & insurance; conv. conforming changes… UAD 3.6
Can’t you feel the anticipation building? March 5 th … Trigger leads… Don’t tell me that you’ve forgotten all about it. When a borrower applies for a mortgage and their credit is pulled, that data has historically been sold as a “trigger lead” and dozens of calls are received. Starting March 5, according to the law, credit bureaus can no longer sell trigger leads, the borrower’s lender can still contact them, and the current servicer may also reach out. Originators are reminding clients that...
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