By David Lykken
Special to MPA
If there is one thing you don't want in your executive team, it's turf wars. It can be very easy for your leaders to cross paths and assume responsibility across departments. This kind of scenario can lead to a few different problems.
First, two executives could attempt to oversee the same project -- leading to possible disagreements over resources or unnecessary repetition of tasks. Secondly, a project may be overlooked because neither executive thinks it's his or her responsibility.
When you're building your executive team, it's important that the members know what their departments are responsible for. When executives know their roles, each project is able to get completed without disagreement or inefficiency. Clarity is everything.
David Lykken is 40-year industry veteran who has been an owner operator of three mortgage banking companies and a software company. As co-founder and Managing Partner of Mortgage Banking Solutions, David consults on virtually all aspects of mortgage banking with special emphasis executive leadership development, corporate strategic direction and implementation as well as mergers & acquisitions. A regular contributor on CNBC and Fox Business News, David also 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. Recently he started producing a 1-minute video called “Today’s Mortgage Minute” that appears on hundreds of television, radio and newspaper websites daily across America.