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Loan Officer Freedom

Trigger Lead Update

Loan Officer Freedom

Carl White

Mortgagemarketinganimals, Business, Loanofficer, Getmoreloans, Freedom, Mortgage, Loanofficercoaching, Carlwhite, Education, How To

5743 Ratings

🗓️ 21 December 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Welcome to Loan Officer Freedom, the #1 podcast in the country for loan officers, hosted by Carl White.

In this episode, your hosts, Carl White and Owen Lee dive into the latest updates on the ongoing saga of trigger leads legislation.

They discuss the recent developments that have given us a renewed sense of hope in the fight for fair practices in the mortgage industry.

They also break down what this legislation means for loan officers and how it could potentially reshape the landscape of mortgage leads.

With over 93 co-sponsors in the House, they explore the implications of limiting access to trigger leads and how it could benefit professionals in the industry.

Additionally, they provide actionable steps for listeners to get involved and support the cause, including joining the Mortgage Action Alliance.

Discover what trigger leads are, how they currently operate in the market, and the potential changes that could benefit loan officers and consumers alike.

Schedule a one-on-one free coaching call, click here or visit LoanOfficerStrategyCall.com.

Transcript

Click on a timestamp to play from that location

0:00.0

Another update on the trigger lead saga.

0:10.1

Boy, this, I feel like we need, we need like the edge of night or as the world turns.

0:17.6

As the world turns.

0:19.1

Who shot J.R.

0:20.6

Like, this is an ever-evolving thing where it's kind of an up again and down.

0:24.4

We have some breaking news on the TV.

0:27.7

Like fans through the hourglass.

0:29.5

These are the days of our lives.

0:31.3

Yes, yes.

0:32.1

So give us the newest update.

0:35.1

We just did an update, I think, like last week.

0:38.1

And usually it's like six months before we do another one.

0:40.6

But kind of breaking news, give it to us.

0:42.8

Well, we had some good news, you know.

0:45.0

And for those of us kind of nerdy political watchers like myself, I think this was good news.

0:50.2

So just to recap from our last update, you know, the MBA and a lot of us who have been

0:58.1

lobbying hard on the trigger leads bill got a little bit of a gut punch because we had

1:02.8

our trigger lead legislation included in the National Defense Authorization Act, which is a

1:08.7

must pass bill. And we just didn't make it through all of the

1:15.0

kind of the bishops, if you will, of the House and the Senate. There's a guy who chairs in the

1:21.1

current Congress, the House Financial Services Committee named Patrick McKinney, and he is not a fan of our

1:28.2

Trigger Leeds legislation. He's really kind of a true free market, as many offers as you could

...

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