Fintech Fridays w/ Larry Bailey - From Industry Expert to YouTube Creator

Summary

In this episode of FinTech Fridays, Brian Vieaux interviews YouTube influencer Larry Bailey, who shares insights into his journey of creating niche content focused on mortgage technology.

They discuss the importance of understanding workflows before implementing technology, the recent changes to the Encompass SDK, and the evolving role of Encompass admins in the industry.

Larry emphasizes the value of community and training in navigating these changes and offers practical advice for leveraging technology effectively.

Takeaways

Larry Bailey has 126,000 subscribers on YouTube, focusing on niche content.

He started creating videos to answer repetitive questions in his work.

Understanding workflow is crucial before adopting new technology.

Companies often change their workflows to fit the technology instead of the other way around.

The recent Encompass SDK changes have caused confusion and concern among users.

It's important to document workflows to avoid costly redevelopment.

The mortgage industry has seen a reduction in Encompass admins due to market changes.

Community engagement is key for sharing knowledge and resources.

Training platforms like Mastering Encompass help users stay updated.

Leveraging existing technology can lead to better workflows and efficiency.

Chapters

00:00 Introduction to Larry Bailey and His YouTube Journey

02:48 The Importance of Workflow in Technology

05:32 Understanding Encompass and Its Impact on the Mortgage Industry

08:27 Navigating Changes in Technology and Workflow

11:20 The Future of Encompass and Industry Adaptations

14:01 Community Engagement and Resources for Encompass Users

16:43 Conclusion and Final Thoughts