Keeping the industry alive

The work you do is bigger than the money you make for your company. Think about the countless industries kept alive because people in the mortgage industry are doing their jobs

By David Lykken
Special to MPA

When you're going to work day in and day out, trying to make your organization successful, it can really start to feel like everything you are doing is self-serving. Of course, make no mistake, you are in the business to generate results. But you are not the only one who benefits from those results.
Recent data from the Bureau of Labor Statistics reveals that there are approximately 275,000 people employed in the mortgage industry. That's a huge number.
Think about all those people and their families. Think about them as consumers. Think about how and where they spend their money. Think about the countless industries that are kept alive, because those people in the mortgage business have jobs.
The work you do is bigger than the money you make for your company. In many ways, keeping the mortgage industry alive plays a critical role in keeping all industry alive. So, keep doing what you're doing. We all need it.

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” ( 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.