Credit Unions in Transition: Evolving Mortgage Origination, Auto Lending, and AI Futures

In today’s episode, we dive into the dynamic world of financial services, specifically auto and mortgage lending. Join host Drew Megrey as he speaks with Rick Moore, the Chief Lending Officer at Maine Savings Credit Union. With nearly 39 years of experience under his belt, Rick provides invaluable insights into the evolving mortgage landscape, tackling challenges like rising interest rates and soaring home prices. He’ll also share how financial institutions are pivoting with innovative strategies in auto lending and unsecured loans to navigate these turbulent times. Plus, we’ll explore Rick’s personal tech preferences and his take on the future of AI advancements in finance.

Join us as we discuss:

• The potential of AI to transform the industry and pave the way for a four-day workweek
• Why rising home prices and high interest rates have shifted mortgage production.
• How Maine Savings Credit Union enhances auto and unsecured loan programs while exploring cutting-edge solutions.