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.
More complicated doesn't necessarily mean more sophisticated. Take Dodd-Frank, for example
While the original proposal by then-Sen. Chris Dodd was reasonable, Dodd-Frank morphed into a complicated mess of regulations
Young people bring not only education but fresh ideas and perspectives. But how do we attract them?
Looking at one's own weaknesses is no fun, but the willingness to be vulnerable has far greater benefits than denial
When employees don’t have defined roles in the context of a clearly delineated bigger picture, their morale tends to suffer
In our dissatisfaction with our situation, we sometimes forget about all the resources we're lucky enough to have at our disposal
In the future, home valuations could be made on future expected value rather than just present conditions
Predictive analytics can paint a fairly accurate picture of the future – but too many mortgage pros rely on pundits instead of data
If you have the kind of character you should as a leader, false allegations from disgruntled employees will be seen as suspect to begin with
Basking in the glow of today's victory can set you up for tomorrow's defeat