One of our loan customers brought in a mailing that he received at his residence. The notice has our name on it as the mortgage lender. As well as the mortgage amount of our customer's loan. It is in regards to a Mortgage Cancellation Program which will complete their mortgage payments in the event of a death or if they become diabled due to an illness or injury. It is requesting their name as well as their spouse, date of birth, and a phone number to call. The company is located in OK.

Anyone ever hear of a marketing ploy like this? Could this be a scam? How do they get this information?

Thanks for any input.

The fact that you hold a mortgage is public record. I've see similar mailings and several states now have laws precluding anybody from making solicitations that appear to be from the lender.

Probably not a scam, but probably very expensive insurance.

Al

Generally on the bottom of these in fine print it states 'this information obtained through public records; or something along those lines.

Your are right. I flipped it over and it states it was obtained from public records. Thanks.

I probably got 50 different mailings about everything from refinancing for cash out to insurance the last time I refinanced my home. Some of them definitely qualified as "deceptive and misleading" in my opinion as they really appeared to come from the lender. Very annoying.