You may have observed this, you apply for a new home loan from a local mortgage company and on the very next day you start getting calls from out of state lenders that have all the information on your personal finances. Such agencies will have all the information regarding your revolving credit accounts, outstanding credit card balances, your credit scores, the value of your home, your address and the but obvious your phone number.
The activity of targeting probable customers by the mortgage brokers is known as trigger list. The process work like this as a person makes a request for a rate quote one or more of the credit bureau makes this into a marketing product. The credit bureaus are paid a good amount for the information provided by them to the lenders. There are certain criteria that the prospective client should fulfill, this could relate to geography and credit profile.
