Trade groups representing lenders noted that mortgage originators typically have no control over AVM providers and have no way to assess the goals, design or data inputs that go into the models.
The FCC proposal would allow consumers who have provided prior express consent to receive autodialed or prerecorded voice calls to revoke consent through any reasonable means.
The MBA warned that given the current market and regulatory pressures in the mortgage industry, the increased cost of compliance may force smaller firms to combine operations or exit the lending business.