Hedging, Jumbo, Processing Tools; FEMA and Disaster Updates; Richey May Sold

A while back I was watching the news on TV, and they were interviewing a couple whose home was threatened by a tornado, but who didn’t leave. “God will protect us,” they told the reporter as the wind picked up. Who did they think sent the tornado in the first place? Lenders and servicers know that “tornado alley” has shifted, and with it the geographic range of possible damage. It’ll be 98 degrees here in Dallas today, although Robbie and I are heading to Vancouver, WA, to visit Banner Bank for its Mortgage Banking Sales Conference. The fact is that this summer has been the hottest on record. (For some “weather” related trivia, remember the snow in the poppy scene during the Wizard of Oz? Probably asbestos, just like “It’s a Wonderful Life.”) (Today’s podcast can be found here. This week’s ‘casts are sponsored by FirstClose, which provides fintech solutions to HELOC and mortgage lenders nationwide. Their home equity lending platform accelerates the home equity lending process, reducing application-to-closing times from 45 days to less than ten. Today’s has an interview with Lender Price’s Maddi Sievers on tips for success for both companies giving and receiving tech demos.) Broker and Lender Products, Software, and Services Week 2 of the NFL season is a perfect reminder that a great playbook only works when the right team is there to execute it. The same holds true for technology transitions. In a recent ACUMA Pipeline article, Floify’s Head of Customer Experience & Operations Sol Klein breaks down five things credit unions (or really any lender) should expect from a technology partner during a system transition, from vendors doing the heavy lifting on implementation to support that doesn’t disappear after go-live, training built around how your team actually works, integrations that keep data flowing cleanly, and realistic timelines instead of oversold promises. Heading to ACUMA’s Make Your Mark Annual Conference? Schedule time with the Floify team to discuss what a smoother transition could look like for your credit union.