Quality Control Standards for Automated Valuation Models

NCUA and other federal financial regulators issued a new regulation implementing quality control standards for automated valuation models (AVMs).

The regulation requires institutions that engage in certain transactions secured by a consumer’s principal dwelling adopt policies, practices, procedures, and control systems designed to:

• Ensure a high level of confidence in estimates;
• Protect against data manipulation;
• Seek to avoid conflicts of interest;
• Require random sample testing and reviews; and
• Comply with nondiscrimination laws.

The mandatory compliance date for the new rule is October 1, 2025 This class will discuss the new rule and what your credit union needs to do to be ready.

Time: 9:00 AM - 11:00 AM (Pacific)/10:00 AM - 12:00 PM (Mountain)

Location: Online only. (Zoom links will be provided to registrants before the meeting)

Cost: This class is FREE to all member credit unions of the California and Nevada Credit Union League and the Utah Credit Union Association.