Is Mortgage Lending at a Technology Tipping Point?
Tuesday, April 16, 2024 at 1 pm CST
Session Description
Most credit unions see their mortgage lending programs as the heart and soul of their institutions. In credit unions’ quest to better serve their members, no other product has as significant an impact on members’ financial wellbeing and future, and few areas are as competitive in the overall financial marketplace. Technology plays one of the most significant roles in the successful delivery of credit union mortgage lending services.
But what are the right technologies to implement? Which ones will help build and maintain that competitive service edge? What current and future applications can take a mortgage lender beyond the 6 Cs of successful lending – character, capacity, capital, collateral, conditions and credit score – and more effectively and efficiently drive those basics to new levels of success? These days the options are almost too many to count and even harder to understand.
Industry expert David Lykken has greater insight than most and he will be sharing many of them during the next ACUMA Inside Track webinar to help credit unions evaluate and apply many of the newly – and rapidly – emerging technologies. David will analyze the next wave of financial technology innovation from generative artificial intelligence (Gen AI) to the Cloud and beyond. From multi-channel digital account opening to automated regulatory and compliance management, technology is poised to revolutionize the way members interact with their credit unions and how those institutions innovate and enhance their product offerings through new and emerging technologies.
If there is a level playing field in which all financial institutions can compete, it’s one brought about the proper application of the right technologies. Join David during this critically important Inside Track webinar and learn which strategies will likely be most effective for your credit union and help you gain the market advantage you deserve.
- This session will be interactive so come with your questions.
- Open to anyone.
- Session will be recorded.
- By registering for this event, you submit your information to the webinar organizer and sponsor, who will use it to communicate with you regarding this event and their other services.
Speakers
David Lykken
Founder, President & Chief Transformational Officer
Transformational Mortgage
David Lykken, a 50-year mortgage industry veteran, is the Founder, President & Chief Transformational Officer of Transformational Mortgage Solutions (TMS). Lykken and his team of industry veterans are transforming how the mortgage and residential real estate industries do business. This is accomplished thru CONSULTING, executive COACHING, and various COMMUNICATIONS strategies. Lykken has owned and operated three mortgage companies and a technology company that went public. Additionally, he has been a frequent guest on FOX Business News as well as occasional guest appearances on CNN, CNBC & CBS Evening News. He hosts the widely acclaimed weekly “Lykken On Lending” Podcast.
Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by more than 8,000 institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.