Lykken on Lending

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 Alice Alvey providing a LEGISLATIVE UPDATE, Joe Farr with a MARKET UPDATE, Andy Schell (a/k/a "The Profit Doctor") providing valuable info on FINANCIAL MANAGEMENT and ROB KATZ of DMD, Inc. with the "THINGS YOU...

Weekly Mortgage Market UpdateWeekly Mortgage Market Update

Our guest today is Michael Fratantoni, VP of the MBA. Michael has a PhD in economics and is responsible for industry surveys, economic and mortgage origination forecasts for the MBA as well as industry technology efforts.  On today's broadcast we will be discussing the major issues facing lenders today.   Below is just a few of the topics will be discussing on today's broadcast:  The ever changing...

Today's broadcast is about "rising above adversity".  Many mortgage lenders are experiencing more and more adversity as  a result of increased regulatory risk.  Today's special guest, Joanne Misuraca, the Executive Director of the Michigan Mortgage Lenders Association (MMLA) knows something about responding to adversity.   On today's broadcast, Joanne shares how she turned a horrific family advers...

Today's special guests will be Mitch Kider of the law firm Weiner, Brodsky, Sidman & Kider who will be giving our listeners an update and status of... The QM rule & if it poses Fair Lending issues Other new regulations & approximate timelines CFPB examinations Fair Lending... the emphasis it is receiving and what to watch out for False Claims Act liability on Gov't type of loans Also, we will have...

On today's broadcast, David Lykken, along with frequent guests, Alice Alvey, Andy Schell and Joe Farr provided up-to-the-minute information on interest rates, loan programs and "hot" industry news related to the mortgage industry.  This week we specifically focused on what is going on with Greece & Spain and the impact all that could have our industry.  Also, we also discussed CFPB's LO flat-fee p...

On today's broadcast, we discussed the consequences of all these new regulations on loan originations. Every loan originator out there should listen to this broadcast to learn about what adjustments they need to make in their  business approach to be successful and stay out of trouble in the challenging days ahead. There is a major cultural shift taking place in loan origination's. Tune in and lea...

On TODAY'S broadcast, we discuss the reality of CFPB's onslaught of new reguations directed at the mortgage industry and the impact it could have on our industry.  If the CFPB fulfill their mandate, they will be releasing a regulation a day... and possibly two-a-day until this fall.  Does "a regulation a day make everything okay"?  Crazy?? How do you respond?  Tune into this broadcast to learn wha...

On today's special Memorial Day broadcast, David Lykken, talks about the profound experience he had while attending a 2 1/2 day LEASDERHIP DEVELOPMENT event organized by the MBA and put on by Steven Wiley & THE LINCOLN LEADERSHIP INSTITUDE at GETTYSBURG which took place this past week, May 23rd -25th.  As David shares, "This event is life changing" and explains why this event is a "must attend" fo...

LO Compensation changing again?!?  The CFPB has written a 37-page "outline" of a proposal that is (in their words) "trying to bring greater transparency to the market so consumer can clearly see their options and choose the loan that is right for them."  As reported in the National Mortgage News, this is causing "Anger and Confusion".   On this broadcast, David Lykken and Alice Alvey discussed wha...

David Lykken, host of this program, was at the MBA Secondary Marketing Conference and will be reporting what he heard and learned with our listeners.  While there, he interviewed a number of top secondary marketing executives and will be sharing those interviews on today's broadcast.  Whether or not you were at this conference, you will want to listen to gain insights to where our secondary market...

On today's show (May 7th, 2012), we had two special guest interviews... Carl White, founder of The Marketing Animals & Lester Dominick, President of MortgageFlex.   Carl shared proven social media strategies that, if implimented, have the potential of dramatically expanding your market presence and position so that you can get more business than you ever thought possible all the while helping othe...

While at the MBA Technology Conference April 23rd & 24th (last week) in Phoenix, David Lykken interviewed Steve Wiley of The Lincoln Leadership Institute on LEADERSHIP, Mike Fratantoni Economist with the MBA on TECHNOLOGY & THE ECONOMY and Randy Schmidt, President of Data-Vision, about the FUTURE OF TECHNOLOGY.   All three interviews are "must listen" interviews for every mortgage professional wan...

Broadcasting "live" from the MBA Technology Conference in Phoenix, David Lykken interviews top mortgage technology executives.  From these interviews, you will learn the latest trends and developments in mortgage technology.  Also, we will be announcing the winner of the Progress In Lending "Innovation Award". Mortgage industry veteran, David Lykken, along with frequent guests, Alice Alvey and Joe...

Greetings Listeners, Technology is amazing... when it works, it's wonderful... when it doesn't, it can be so frustrating.  The audio on today's broadcast was good for the first 30 minutes or so and I encourage you to listen to Joe Farr's rate update, Alice Alvey's legislative/regulatory update, Andy Schell's "Profit Doctor" segment as well as to Tony Garritano talking about what you should be look...

The upcoming election is arguably the most important election in our country's history.  As this election season heats up, we can expect our industry to be the focal-point of a heated debate on how to stimulate the economy.  There is an ideological battle before us with those on one side believing in a “bigger government" solution and those on the other side that believe that “smaller government”...

With Bank of America and Ally Bank pulling out of the secondary correspondent markets and rumors of others doing the same, it is encouraging to see new correspondent entrants.  Our special guest on this program was Kevin Stitt, President of Gateway Mortgage Group based out of Tulsa.  As reported on March 5th in the Origination News, it was encouraging to read that Gateway Mortgage Group have enter...

Our guest on this broadcast was Jay Brinkmann, Chief Economist for the MBA back on the program.  On today's broadcast, we asked Jay the following questions:   Is this the end of the latest refi wave? What about HARP?   The industry has benefited from periodic refi waves since rates started to fall from the highs of the early 1980s.  What are the chances for future waves? How is the purchase market...

Are you aware that you are now required to file a "Suspicious Activity Report a/k/a a "SAR Report" much less understand what it is about?  Alice Alvey will be providing our listeners detailed information on the key points when preparing and issuing this report. Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program hosted by mortgage vete...

Continuing with the topic of LOAN SERVICING we started in February, we have as our special guests Tom Piercy of Interactive Mortgage Advisors (IMA).  Tom has years of experience in buying and selling of servicing and will explain how LOAN SERVICING is a tradable asset.  There are so many compelling reasons you should consider retaining loan servicing... not just for the cashflows they can generate...

If you are considering retaining loan servicing, you will want to listen to this broadcast.  Our speical guest today was Mark Jones President of AmeriFirst Home Mortgage in Michigan.  Mark gone through the journey of moving from selling loans servicing released to servicign retained.  He is going discuss what he had to go through to start retaining servicing.   Created BY mortgage professional FOR...

For the whole month of February, we have been focusing on LOAN SERVICING.  Back by popular demand, we have as our special guests Austin Tilghman and David Stephens, CEO & CFO respectfully, both with United Capital Markets (UCM).  They will just returned from the MBA's Loan Servicing Conference and will be providing us an update on what they learned while there.  We received so much positive feedba...

Some want to do away with the GSE's and some say we need them.  On today's broadcast, we have two industry veterans as our special guests, Les Parker & Don Salmon, debating this important topic.  You if you love your 30-year mortgage product, you have got to listen to this broadcast.  Mortgage industry veteran, David Lykken, along with frequent guests, Alice Alvey and Joe Farr provide up-to-the-mi...

In the month of February, we are focusing on LOAN SERVICING.  The economics have changed making the strategy of retaining loan servicing something that makes sense.  Tune in and listen this whole month as we dive into this important topic. Mortgage industry veteran, David Lykken, along with frequent guests, Alice Alvey and Joe Farr provide up-to-the-minute information on interest rates, loan progr...

In the month of February, we are focusing on LOAN SERVICING. On this broadcast, we had as our special guests Austin Tilghman and David Stephens, CEO & CFO respectfully, both with United Capital Markets (UCM).  These gentlemen are widely regarded as the our industry's leading experts on LOAN SERVICING.  We discussed how the economics have changed making the strategy of retaining loan servicing some...