More than a company, DG Pinnacle TPO Wholesale Division is a is a family trying to help brokers close their loans faster and easier. Together, by maintaining the highest level of service, professionalism, accountability and work ethics, everyone will be reaching the PINNACLE hence our motto: “Mortgages at the highest level”.
It's Time to Opt-Out
Under the Fair Credit Reporting Act (FCRA), the Consumer Credit Reporting Companies are permitted to include your name on lists used by creditors or insurers to make firm offers of credit or insurance that are not initiated by you (“Firm Offers”).
- If a person has his/her credit pulled for a mortgage – his/her name will be sold to any mortgage company that will pay $$ for trigger leads.
- Consumer credit reporting companies offer the right to make an informed decision about having people credit sold.
Highlights
The loan pre-approval process does require a hard credit check. Once the credit is pulled, the file is flagged for a mortgage credit inquiry. The bureaus do sell this information to any lender willing to pay for the information, therefore it is likely the applicant will receive multiple solicitations in the forthcoming days.