[David] Let’s get over to Alice with a Legislative Update. Good news on the trigger bill. Alice, again, we’re recording this on Monday, right midday, and by the time everyone listens to this, they’ll see the results of the vote. But there’s a vote today. Talk about that.
[Alice] Yes. The MBA in their news link today is reporting that the house is going to be taking their version of the bill to the floor today to vote on that so as you heard from the MBA’s report, the Senate did pass their version of the bill. So now we’ve got the house version that was fast tracked and it’s up for a vote. This is a nonpartisan issue, so it’s going through a fast track, which is great. So hopefully we, by the time you’re listening to this on Tuesday, you’ll be able to see in the news that it already has passed the house. That means it’ll have to go back to committee. They’ll reconcile the minor difference as you heard reported about the text messaging, and it’ll be easy enough to then send it to the President. So that’s just a minor issue in there to just whether to keep or toss the government accountability office study regarding that. So easy enough, and I hope that by the time we talk next week, we’ll be able to say our trigger lead bill is passed. So that’s the main topic for today. Dave, I’ll pass it back to you.
[David] Yeah. One thing I wanna talk about Alice is Dave Savage, a dear friend of mine, just sent over a post that he said, Dave, would you love on this post for me on the social media? I said, not only will I love on it, I’m gonna mention it on the podcast. But go check out David Savage’s a post from today. He says, illiterate. I share this with you, Alice, in your segment because it’s something near and dear to you. You talk a lot about , business workflows and business practices and you and I have worked together with Radius Financial on workflows and how important it is. He said, the illiterate of 2025 are not those who cannot read or write, but those who cannot unlearn old workflows. Learn to use AI. And of course, he threw in a course Mortgage Coach. Little self-serving there, but we understand he wrote the post he’s a Founder of Mortgage Coach And then learn and then relearn best practices as they’re rapidly changing. Alice, I wanted to get your perspective on it. Things are rapidly changing and you and I have had the privilege of working on some of these projects together, but workflows have got to change.
[Alice] Yes, absolutely. Because you have new tools and unfortunately a lot of people just follow along what is in the LOS that they’ve purchased. A lot of those come with kind of an out of box core functionality. A lot of times people buy an LOS, and Allen, you can speak to this, they have a process and they wanna force their LOS into their process, which doesn’t work well either. And so really trying to just leave all that aside. I think you’ve gotta set when you talk about setting the norms aside, go, if we could do it completely different. Don’t get caught up in what restrictions we have with people, with the skill sets of people, but just look at how AI can really help us be smarter, better, and faster. I think is really something that we have to take a look at and most companies don’t do that. They start out saying that they’re going to do that, but gradually as the process evolves, they end up, making decisions to fall back to the skill sets of certain groups of people that they don’t wanna separate from or that they feel are needed or they fall back to my system will only let me do this. We are entering a build your own system.
[David] Yes, that is so true, Alice. It is so true. Those who have the ability to do so are gonna have a decided advantage over those that are stuck into a fixed. System I get that’s a good opportunity to give Byte or one of our sponsors a shout out. ’cause they do have so much flexibility in the way they do their workflows. And I think if you’re stuck in one of the old legacy systems that have been around out there, it has some major market share, you’re gonna have a little trouble with that. So anyway, I give us. [Alice] and if I add one thing too, Dave, to that comment earlier about, those of us who’ve been here, the, those of us who are older have been seen a lot. We don’t get fired up about little change and we have seen more change. So we are the ones who are able to change. We’re not stuck in our way. We’ve seen more change than most of these people can have ever seen. We’ve found lots of new ways to get through change and so I think that that makes us better at it as AI comes in to the picture.
[David] And it is coming. It’s not just coming in. It is like a tsunami.
Alice Alvey, Master CMB
She handles development of their World Class Training program designed to support UHM partners and organizational effectiveness.
Prior to UHM, Alice served as Senior Vice President at Indecomm leading the Indecomm-Mortgage U division, Internal QA and Compliance and SaaS technologies. Indecomm acquired Mortgage U in 2013, where Alice was President/Co-founder, providing training and consulting since 1996. Prior to MU she served as SVP of Operations at a national bank overseeing operations for wholesale, retail and correspondent from underwriting through servicing, and compliance.
She has been in the trenches of mortgage lending operations from application through servicing for over 30 years. Her authoring work in training content, policies and procedures and the FHA/VA Practical guides illustrates her ability to bridge regulatory requirements with day-to-day operations.
Alice has been a weekly contributor to the Lykken on Lending show since its beginning in April 2009 and has made her weekly contributions to 450+ episodes!