When your credit is pulled and all of a sudden you get phone calls?
A lender takes your loan application and then the next day you get phone calls from other lenders, how does that happen? Watch and Learn.
It happens. You are looking online. You see a great, unbelievable rate and you complete a form. You assume a lender is going too reach out to you. Instead, you are bombarded with calls!
So, Why are you getting calls from other mortgage companies when your credit is pulled?'
The simple answer, the company is selling off your information. When you fill out a form you might be unknowingly consenting to the sale of your information. It is important to read the fine print when completing any form and how they use your information.
When you start your loan app with DDA mortgage, our Loan Originators are the only people who receive and review your information. Big companies like Zillow, Realtor.com, and even Rocket Mortgage, can send your information to 100s of brokers who pay them for your information.
Leads can be bought from other mortgage companies, tune and learn.
If you are looking for a local Florida mortgage broker, with over 250 5-star verified Google Revies, give us a call (727) 784-5555.
Looking for more details? Listen to our extended podcast! Or start your loan with us now.
Check out our other helpful videos to learn more about credit and residential mortgages.
