Lykken on Lending

HAPPY MEMORIAL DAY... A special "thank you" to those who have made the ultimate sacrifice for our nation so that we can enjoy the freedoms we have today. On recent broadcasts, we have been providing information to help you, our listeners, not just prepare for TRID, but to provide you ideas on how you can use this change to differentiate yourself from your competition.   On this broadcast, I am air...

To say the implementation of TRID is going to create a paradigm shift (a fundamental change in approach or underlying assumptions) is an understatement!  In order for YOU and YOUR company to remain competitive in a post-TRID world, you must find ways to become more efficient cutting as much as 5-days out of your workflow processes.  As Benjamin Franklin said, "If you fail to plan, you are planning...

This is a rebroadcast of just the interview of DAVID STEVENS, President and CEO of the Mortgage Bankers Association (MBA) who was my guest on yesterday's weekly broadcast.  This is an interview that you will want to download, listen and share with your colleagues and industry friends. Here are the topics we covered: What is being done to stop excessive enforcement? What are the changes needing to...

I have invited DAVID STEVENS, President and CEO of the Mortgage Bankers Association(MBA) to be our guest on today's broadcast.  In preparation for this broadcast, I asked David "What are the 'big boiling' issues facing our industry?"  I was encouraged when he said, "Dave, my focus is on how to get the rules right!" As the head of our trade association, the MBA, who lives and works inside of the Wa...

This is a REBROADCAST of just the HOT TOPIC segment from yesterday's broadcast!   No question that TRID is a game changer but how you approach this change could make a difference if TRID works to your advantage or to your detriment.  There's a select group of lenders out there who are turning TRID into an opportunity to differentiate themselves from their competition by reengineering their busines...

No question that TRID is a game changer but how you approach this change could make a difference if TRID works to your advantage or to your detriment.  There's a select group of lenders out there who are turning TRID into an opportunity to differentiate themselves from their competition by reengineering their business processes thereby creating efficiencies resulting in shorter lending timelines....

This is a rebroadcast of the "Hot Topic" segment from the April 27th, 2015 broadcast regarding MBA's "Mortgage Banking Bound" program... http://events.mortgagebankers.org/MortgageBankingBound/default.html  Explaining this program, we had as our special guests, Jeff Schummer, VP of Education Development with the Mortgage Bankers Association (MBA) and Brendan Barry, Director of Business Development...

Do you know what the average age of those in the mortgage banking industry?  It's older than you might think... at LOT older!  It is so important that we be actively recruiting and equipping the next the next generation of mortgage banker/lenders.  Joining us on today's broadcast to discuss this important topic, we have as our special guests, Jeff Schummer, VP of Education Development with the Mor...

PROGRAM UPDATE:   Due to a family emergency, Michael Fratantoni will not be able to join us today but we are fortunate to have Dr. Lynn Fisher, who serves as Vice President of Research and Economics of the Mortgage Bankers Association (MBA).  In this role, she is responsible for managing MBA's economic and mortgage originations forecasts and developing analysis on issues of importance to the mortg...

This past week, Vice President Joe Biden and Julián Castro, Secretary of the U.S. Department of Housing and Urban Development were out promoting homeownership for low income families and encouraging lenders to loosen credit standards.  After watching David Lykken appeared as a guest on FOX Business discussing this topic ( http://video.foxbusiness.com/v/4159595330001 ), many mortgage lenders wrote...

With the new TILA-RESPA Integrated Disclosure (TRID) just four very short months away, there has been considerable discussion about vendor readiness and even some rumors about a possible CFPB delay of the rule.  While a delay is not likely, the MBA Tech Conference in Orlando had two sessions and a supersession to discuss friction points and issues surrounding the rule from its effects on pre-appli...

Each month, we take a break from having a special guest to have a "round-table discussion" with Alice, Andy, Joe and David to discuss the latest industry developments and that is what this broadcast is about.  For example, there are some updates related to the upcoming TRID implementation that we are hearing that are coming out of the MBA's Tech Conference that we will be discussing.  Also, we wil...

When interest rates recently fell, a surge of new originations overwhelmed the operations of many companies and challenged service level agreements (SLA's), specifically underwriting turn times.   Managing the ebbs and flows of mortgage operations has always has been and always will be a challenge for business owners & executives.  Some solve SLA issues by staffing for peak periods but that comes...

This is a Re-Broadcast of a Lykken on Lending show on Third Party Management.   On today's repeat broadcast, Andy Schell, The Profit Doctor, and Theresa Marie, both with Mortgage Banking Solutions, discuss the CFPB focus on Third Party Management and how you can successfully comply with this regulatory requirement.  Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is...

Not a week goes by that we don't hear of another MERGER and/or ACQUISITION (M&A) transaction.  What is going on?  What is driving the latest round of M&A transactions?  Is this level of M&A activity normal?  Should you consider BUYING, SELLING or MERGING?     On today's broadcast, we are delighted to have back as our special guest CHUCK KLEIN, Managing Partner of Mortgage Banking Solutions.  Chuck...

How are YOUR recruiting skills?  Are YOU getting the results YOU want?  We have as our special guest, Jeff Jensen, author of the book "What A Hoot! Let’s Recruit!"  Recruiting is key to any successful sustainable business.  On this broadcast, you’ll hear innovative and cutting-edge techniques that will attract the optimal recruits who may have eluded you in the past.  Jeff Jensen will share his th...

On today's broadcast, the show regulars, Alice, Andy, Joe and David will disucss current headlines, recrent hot topics from recent broadcasts and trends that we see going on across the industry.   As a result of our involvement with companies  across the country with companies of all shapes and sizes, we gain unique insights to current trends and will be sharing those on this broadcast.  Created B...

Today, we have is our special guest Eileen O'Grady who is a "multi-decade" industry veteran and an expert in on the secondary markets and well qualified to share with our listeners about what she learned last week at the Asset-Backed Security Conference in Las Vegas (ABS West Conference).   The primary question will be answering on today's broadcast is examining the "potential" comeback of private...

On today's broadcast, Andy Schell of MBS will be discussing The Federal Housing Finance Agency's recently proposal of new minimum financial requirements for nonbank mortgage sellers and servicers.  Andy will be explaining how the impact of how under FHFA’s new proposal, all seller and servicers are required to have a minimum net worth base of $2.5 million plus 25 basis points of the total unpaid p...

Is YOUR company going to be ready in August for the TILA-RESPA Integrated Disclosure (TRID) rule?  If your company is counting on your LOS technology vendor to have you ready, you may be in for a surprise.  This week’s program we have as our special guest Jason Roth, Co-Founder & Senior Vice President, Product Development & Engineering of ComplianceEase.  Alice Alvey, CMB will be guiding the discu...

This is a continuation of our discussion last week where Les Parker was discussing his 2015 Forecast.  It was a VERY fascinating discussion, so much so that many of you who heard the broadcast asked if Les would come back to discuss his 2015 Forecast further.  Here's a link to Les' 2015 Forecast... http://hosted.verticalresponse.com/698982/0a6bace355/1492585527/72e65aec14/? Les is an industry vete...

Les Parker will be our special guest today and will be discussing he 2015 Forecast which he is releasing today.  Les is an industry veteran, CMB and one of the nation's leading capital markets/hedging experts.  You won't want to miss this broadcast as we discuss what we can expect in this New Year.   Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minu...

On today's broadcast, we continue last week's discussion on what 2015 has in store for those of us in the mortgage industry.   Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLATIVE UPDATE, Paul Muo...

On today's broadcast, we discussed the issues facing the industry in 2015.   Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLATIVE UPDATE, Paul Muolo of IMFnews.com giving a quick MTG NEWS HEADLINE...

As we get ready to head into the 2015, we do our best to plan for the New Year ahead and do so based upon economic forecasts from leading economists and those that study the markets looking for signals of change.  Today, we have as our special guest, Logan Mohtashami, a mortgage professional who has earned a national reputation as someone who has, with amazing accuracy, predicted the housing marke...