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Mortgage Junk Mail

Beware of deceptive, predatory and unsolicited marketing disguised and presented in way that looks real, and like it's from Midcoast FCU!

Getting deceptive home loan junk mail?

Mortgage and tax records are public information, which means your name, property address, loan amount, loan number, and name of the mortgage lender can easily be obtained. Some companies may try to deceive you by representing themselves as Midcoast FCU in an attempt to sell you products or services. This article shares a few things you should know in order to avoid getting mislead by a company misrepresenting itself.

Mortgage junk mail

Beware of Deceptive Mortgage Junk Mail

Homeowners with mortgages should be wary of official-looking solicitations from companies posing as Midcoast FCU. The mailings may include a message such as “we have been trying to reach you regarding a matter of importance related to your mortgage.” They may even reference Midcoast FCU in bold, but with a very small disclaimer indicating they are “not affiliated with or endorsed by any bank or lending institution.” Please be advised that these are not mailings from Midcoast FCU.

When you close on a mortgage, certain details, like your name, property address, loan amount, and lender, become part of the public record. Unfortunately, some companies use this information to send solicitations that appear to be from trusted institutions like Midcoast FCU.

These messages are often designed to look official, grab your attention, create a false sense of urgency to convince you to call, and then sell you something. But they are typically just cleverly designed advertisements, and not legitimate account communications.

If you receive something that references Midcoast FCU or your accounts and you’re unsure if it’s legitimate, contact us directly. We’ll help you determine what’s real and what to ignore.

Helpful tips:
  • In most cases, the businesses simply acquired your name from public records related to your loan closing and are just flooding you with official looking “urgent” notices in the hopes you may be tricked into calling to hear their home insurance/warranty sales pitch. The notice typically will have a disclaimer in very small print (and often hidden on the back) that advises “The information shown regarding your recent loan or lien is available to you through public record but does not include your private and protected information and is stored and collected by your local county clerk’s office. The notice you are receiving is urgent in nature due to the time-sensitivity in protecting your mortgage. Not affiliated, provided by, or endorsed by any lending institution.” You can simply shred those offers and move along with your day.
  • Should you be interested in the extended warranty or service contract/offer listed, before you call, do some research. Look up the phone number and business’ name online plus words like “review,” “complaint,” or “scam,” to see if other consumers have shared any insight on them first. This can help provide a glimpse into the offer’s legitimacy.
  • If you suspect the company or offer to be fraudulent, you can report it to the Federal Trade Commission at ReportFraud.ftc.gov.