NCUA has reiterated that credit unions can use automated valuation methods (AVMs) to determine the value of real property for smaller mortgages. Credit unions can use AVMs in the lending process provided each market valuation calculated by the AVM is reviewed by an individual with knowledge, training, and experience in the local real estate market. This individual can be a credit union employee, such as a loan officer.

NCUA has reiterated that credit unions can use automated valuation methods (AVMs) to determine the value of real property for smaller mortgages. Credit unions can use AVMs in the lending process provided each market valuation calculated by the AVM is reviewed by an individual with knowledge, training, and experience in the local real estate market. This individual can be a credit union employee, such as a loan officer.

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