Loopholes in new law mean credit bureaus will still be able to sell applicants’ information to their current lender, servicer, or bank — a boon for lenders who also service their own loans.
Source: Inman News
Mortgage trigger leads will be less crazy, but they ain’t going away
Published in America's Credit Unions, American Bankers Association, AmeriHome Mortgage, Broker Action Coalition, Center for Responsible Lending, Consumer Data Industry Association, consumer federation of america, credit bureaus, credit reports, Equifax, Equity Prime Mortgage, experian, Fair credit reporting act, Firm Offer of Credit, Freedom Mortgage, guild mortgage, Homebuyers Privacy Protection Act, John Rose, Lead Generation, loan servicing, Mat Ishbia, mba, Mortgage, mortgage bankers association, mortgage loan servicing, Mr. Cooper, NAMB, National Consumer Law Center, Regulations, Rocket Holdings, Rocket Mortgage, TransUnion, trigger leads, Union Home Mortgage, United Wholesale Mortgage and uwm
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