Borrower receives solicitation calls after pulling a credit report

LendingPad does not sell clients' information. This article explains why a borrower receives solicitation calls after a broker pulls his/her credit report.

Sometimes borrowers will receive calls after a credit report is pulled.  We often receive inquiries from our broker partners to ask if LendingPad sells my client's information.  The answer is no; we do not.   

This is an industry issue called "Triggers Leads."  Credit bureaus sell this information to 3rd-party vendors when a borrower's credit profile incurs a credit inquiry.  This is not a LOS issue, so regardless of which system you pull the borrower's credit report, and if the borrower has not already opted out of pre-screen, he/she will receive these solicitation calls.    

Industry organizations such as the National Association of Mortgage Brokers have been trying to ban this practice for a long time.  Please see these public resources about this issue. 

The following is a snippet from NAMB's Legislative Action Center.  


Thank you.  If you have any further questions, please contact your account executive.