The following question was submitted from ACUMA Member Nathan Lombard from Redstone FCU in Huntsville, AL.  

Will most Credit Unions will be able to use the exemption of not having absolute lines of independence due to our limited staff size?  I am trying to determine how we can comply with the Code of Conduct as mandated by Fannie Mae but can’t find a way to ensure that the staff that oversee the appraisal process is appropriately trained and qualified in the area of real estate appraisals.  Anyone that has a working knowledge of real estate operations already work in the department.  How others are complying, short of engaging with an appraisal management company, please share.

Please post your reply here to send it directly to NLombard@REDFCU.org.