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.
Take a step back and make sure your processes are sound. It doesn’t matter how efficient you are if you’re efficiently wrong
By not reviewing our work, we may tell ourselves we're saving time -- but often, the truth is we just don't want to doubt our ability to do it right the first time. That kind of pride can be costly
If you aren't monitoring each phase of the mortgage process, you won't know where potential problems are
Too many people make the mistake of thinking it’s time to stop learning when they leave school and get a job
Consumer confidence on a small scale is the first step toward larger-scale purchases like mortgages
If technology doesn't make your business more effective, then it's worthless -- no matter how bright and shiny it is
The purpose of regulations is to protect the consumer. So why does it seem like they're sometimes having the opposite effect?
The mortgage industry will be improved not by making executives wealthier in the short run, but by making employees feel like they have a great place to work
There's little doubt the lack of clear direction on TRID has caused a slowdown in the mortgage industry
Mortgage pros need to be on the lookout for disruptive technologies -- because no one wants to be left holding the bag when something becomes obsolete