David Lykken is 40-year industry veteran who consults on virtually all aspects of mortgage banking. David hosts a successful weekly radio program called “Lykken On Lending” (www.LykkenOnLending.com) that is heard each Monday at noon (Central Standard Time) by thousands of mortgage professionals.
Will the CFPB be lenient when it comes to TRID enforcement? Why take the risk?
Outsourcing servicing can help lenders concentrate on origination
All of the information in the world doesn't mean a thing if you can't get people to act on it
The more you know about what's going on in peripheral industries, the better you'll be at your own job
Never underestimate the power of the personal touch
No organization can maintain a successful track record without a culture that values its people
When employees know their performance is being measured by customer feedback, they'll be more diligent about satisfying those customers
Too often, executives are only interested in enough success to make themselves look good
Good leaders have the vision to predict what kind of risk will occur in the future
While there's no denying the CFPB has done some good, many in the mortgage industry feel it's overstepped its bounds