Before beginning your application with a mortgage broker or lender, ALL borrowers (and even Non-Borrowing Spouses in a Community Property state where you will be applying for a VA or FHA loan) should register for BOTH the National Do Not Call Registry and Opt Out Prescreen by using the links below. This step is important to prevent your information from being sold as a "trigger lead" by consumer credit reporting agencies (Experian, Equifax, and TransUnion). Be sure to select the "Electronic Opt-Out for 5 Years" option on the Opt Out Prescreen site. These registrations typically take 5-7 days for the requests to become effective, so it's important to complete these before even applying for a loan.
Important Note About Trigger Leads:
When your credit is pulled during the loan process, consumer credit reporting agencies (Experian, Equifax, and TransUnion) may sell your information as "trigger leads" to other companies. Unfortunately, this practice is beyond our control, as it is currently permitted by law. However, by registering with both the National Do Not Call Registry and Opt Out Prescreen, you can prevent your information from being sold in this manner.
Signing up for the Do Not Call Registry is a straightforward and effective way to reduce the number of unsolicited calls from telemarketers. By adding your phone number to this national registry, you signal that you don’t wish to receive sales calls, creating a legal barrier for most telemarketing activities. Although it won’t stop all unwanted calls—such as political campaigns, charities, and certain survey calls—the registry significantly cuts down on the volume of calls from businesses trying to sell products and services. This free service is especially valuable in a time when robocalls and phone scams are increasingly common. Registering not only helps protect your time and privacy but also minimizes the risk of encountering fraud or scams that often target consumers over the phone.
Signing up at OptOutPrescreen.com is an essential step for anyone wanting to take control of their personal financial information and reduce unsolicited credit offers. This official site, operated by the major credit bureaus, allows you to opt out of the sale of your data for pre-approved credit and insurance offers. By choosing to opt out, you prevent credit reporting agencies from sharing your details with marketers, cutting down on the volume of credit card and loan offers arriving by mail. Not only does this safeguard your privacy, but it also reduces the risk of identity theft, as fewer companies will have access to sensitive information like your credit profile. This free service is particularly valuable for those looking to protect their personal data in today’s increasingly complex data-sharing environment.
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