Description

Scammer under name of "Exchange BK" mailed 3 different letters. the first mimics a notice of a mortgage, indicates a fake mortgage id and claims to be wanting contact. Fine print states "Not affiated with or sponsored by any bank or institution. All information is obtained solely through public records, which may not be accurate or complete. By calling the number, you agree to allow a representative who is solely responsible for complying with TCPA laws, to receive your number, mortgage info from public records, and your automated line answers, and to call and or text you about insurance products. If you do not wish to receive such calls or texts, do not call the number above. standard messaging and data rates apply." Second letter is stated as if it was a manditory notice from the "lender" of "Exchange BK" for mortgage insurance and is in similar format to an IRS required statement. Fine print states "loan information is obtained from public records, and is not provided by any lender *as permitted by state" Third letter is continues to say a "Lender" is "Exchange BK" and claims there was a mortgage signed a few weeks back and is preporting to be notifying as an afterthought that there is mortgage insurance available. Clearly this is an attempt to collect name and number to sell mortgage insurance, but is done by guessing the home value from public records and making the receiver believe they have a mortgage with the company. I do not have a mortgage, so this lead me to have to verify that no lien was opened in my name. This looks to be a mortgage protection scam. https://madisoncu.com/mortgage-protection-scams/