The Mortgage Bankers Association (MBA) recently released "revised" loan productin projections and they projected to be at the lowest levels since 1997. On today's program, special guest Jon Traver and the shows regulars guests discuss what you can do to increase production even in a declining market. If you are looking for ways in which you can postively impact your production operation, you will want to download and listen to this program. Created BY mortgage professional FOR mortgage professio...
Aug 22, 2011•59 min
The focus of today's radio program, will be the "Mortgage Call Report". Most seem to think that they've got it figured out and are in "good shape"... hopefully that is the case. However, we are solid seeing evidence to the contrary. With the "Call Report" now being forwarded on to state regulators, we will be focusing on questions like... "Do you know how they are going to be looking at your report?" "In the event of an audit, how confident are you that the information you submitted matches up w...
Aug 15, 2011•1 hr
Every once in a while, a new revolutionary technology platform comes along that raises the bar to a new level potentially changing the way we interact with all parties involved with a real estate transaction... from the Realtor (both buyer & seller agents) to the LO, to the appraiser, title/escrow company, to the investor buying the loan all the way thru to the end servicer and how they might interact with a borrower. On this program, special guest Todd Mobraten, President & COO for RES....
Aug 08, 2011•1 hr
There are a lot changes coming to the way you operate your mortgage business. This is, in part, because a flood of new regulations. On today's program, we are going to discuss these changes and suggest practical thing you can do to remain compliant and have a healthier and prosperous business. 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 pro...
Aug 01, 2011•1 hr
The world of mortgage lending is become more litigious all the time. On this program, we had as our special guest Mitch Kider, Managing Member of Weiner, Brodsky, Sidman and Kider. This is a MUST LISTEN TO broadcast that is pacted with so much information about the increased legal risks everyone is exposed to in this over regulated environment we find ourselves as mortgage lenders. And the legal risk is not only coming at companies. For the first time, it can involve loan originators and others ...
Jul 25, 2011•1 hr
On Thursday, July 21st, the Consumer Financial Protection Bureau (CFPB) becomes operational and will be impacting mortgage lending. On today's program, we are going to have as our special guest, Glen Corso, Managing Director of Community Mtg Banking Project located in Washington DC to give us an important update on what we can anticipate as a result of the Consumer Financial Protection Bureau and specifically what it means to the future of mortgage lending. We will be providing you the latest in...
Jul 18, 2011•1 hr
On today's broadcast, we will be discussing Covered Bonds and the future of the 30 year fixed rate mortgage with Dr. Michael Lea, Director of The Corky McMillin Center for Real Estate at San Diego State University. Mortgage industry veteran, David Lykken, along with frequent guests, Alice Alvey, Andy Schell and Joe Farr provide up-to-the-minute information on interest rates, loan programs and "hot" industry news related to the mortgage industry. E-mail me topic you would like discussed on the pr...
Jul 11, 2011•1 hr
On today's broadcast, we had special guest Don Brown, President of Secondary Interactive, and we discussed the future of mortgage lending in a post GSE world. You will find today's broadcast of real interest and encourage you to listen. We welcome your feedback. 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...
Jun 27, 2011•1 hr
Since the beginning of the housing crisis, even top performing loan servicers have been under tremendous pressure from consumer groups, regulators and legislators to help keep families in their homes. Today, we will have a special guest from PMI to discuss the positive impact that servicers who utilize industry recognized best practice principles have on homeowners, communities and mortgage investors. In this enlightening segment, PMI will share some of the best practice principles it has observ...
Jun 20, 2011•59 min
You host, David Lykken, will be speaking at the annual Arizona Mortgage Lenders Association (AMLA) convention on the topic of "The Future Of Mortgage Banking". So on today's "hot topic" segment David is going share with you our listeners some of the content from his speech. We will of course be covering our topics... rates, legislative update and the "Profit Doctor" segment. Tune and tell your friends and Associates to do the same. You host, David Lykken, will be speaking at the annual Arizona M...
Jun 13, 2011•1 hr
Greetings Listners, If ever there was a "must listen to" broadcast, it would be this broadcast. The special guest we had on today's broadcast was MITCH KIDER of the law firm Weiner Brodsky Sidman Kidder, PC located in Washington, DC. On this program, Mitch gave us an important update about Qualified Residential Mortgage (QRM). Our discussion covered three general areas of this critical issue. They are... How likely are changes to the current definition of QRM?If changes are likely, what aspects ...
Jun 06, 2011•59 min
HAPPY MEMORIAL DAY - It is important that we all take time for some "R&R" to kick-back and recharge your batteries. One way to do that is to go on a cruise. On today's radio show, we discuss the upcomping Mortgage Leaders Cruise scheduled for October 13th - 17th. On today's broadcast, we interview some of the speakers that will be on this cruise. So, while you are relaxing and enjoying your Memorial Day holiday, tune in and listen & lean how you can both relax, rejuvenate and learn succe...
May 30, 2011•59 min
Do you ever ask yourself this question, "I wonder how compliant we are as a company?" With all the new rules and regulations, it is a bigger challenge then ever to monitor whether or not you are compliant. On this program, host David Lykken and his regular guests, Alice Alvey and Andy Schell interviewed Monica Najera, who is Director of Compliance & Risk Management with Informa Research Services, Inc. Ms. Najera's company has a service that can help companies better monitor their risk that i...
May 23, 2011•1 hr
If you wonder how people are dealing with the changes to LO Compensation and other regulations, just go to www.LinkedInc.com and go to the “Loan Originator Compensation Changes & New Rules” discussion group and read all the post from the 2,700+ members. There are clearly two groups. On this program, we discussed many of the issues that are challenging so many and why some seem to be adjusting and successfully moving forward. If you wonder how people are dealing with the changes to LO Compens...
May 16, 2011•59 min
This week on Lykken on Lending, we will have a special guest to give our listeners a report on possible outcomes as a result of how you file the new MORTGAGE CALL REPORT. 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 SHOULD KNOW ABOUT" report and TONY GARRITANO providing a TECHNOLOGY UPDATE. This week ...
May 09, 2011•1 hr
The MORTGAGE CALL REPORT is due in two weeks. Many smaller companies have the mistake notion that because they are not a mortgage banking company, they do not have to prepare the new MORTGAGE CALL REPORT... that is WRONG!! All licensed entities, even a one person company, has to file this report to the National Mortgage Licensing System (NMLS) which in turn is forward to YOUR state regulator. ARE YOU READY? On this program, regular weekly guests on the Lykken On Lending show, Alice Alvey, Andy S...
May 02, 2011•1 hr
On this program, we will continue our discussion of the new Mortgage Call Report required by the NMLS of ALL licensed mortgage companies – whether a mortgage banker, a mortgage broker, or even a one person operation. Joining the program each week are: - Alice Alvey providing a Legislative Update, - Joe Farr with a Market Update, - Andy Schell (a.k.a. "The Profit Doctor") providing valuable insight into Financial Management, - Rob Katz of DMD, Inc. with the "Things You Should Know About" report, ...
Apr 25, 2011•1 hr
On today's program, David Lykken and regular weekly guests, Andy Schell & Joe Farr begin to dissect the new MORTGAGE CALL REPORT getting into the details of WHO and WHEN this new report is to be filed. LOAN ORIGINATORS, don't have the mistaken notion that you don't need to care about this report. While you may not have to file a report (unless you are a one person entity), it is critical that you be aware of WHAT is involved in preparing this report. This broadcast is the first in a series o...
Apr 18, 2011•59 min
On today's program, David Lykken, & regular weekly guest, Joe Farr of MBS Quoteline, discuss the following: Recognizing emerging "opportunities" for LO's in a post LO Comp era. (a MUST listen to segment).Risk retention - 5% held by who & for how long & is risk retention going to be applicable to Fannie & Freddie loansA slew of new bills from the Republican House Financial Services Committee most of which seem focused on Fannie & Freddie. Toni Garritano gave an update on what ...
Apr 11, 2011•1 hr
On today's broadcast we will be discussing 11th hour "stay" on L.O. Comp as well as the "Mortgage Call Report". Our special guests will be Rich Andreano & John Socknat of the law firm Patton Boggs LLP. This law firm and specifically our two guests, Rich & John, have been on the forefront of both LO Comp & the Mortgage Call Report. You will NOT want miss this program nor the FREE Patton Boggs webinar this coming Thursday, April 7th from 2:00-3:30 pm. You can lean more at http://www.pa...
Apr 04, 2011•59 min
This will be our last chance to discuss LO COMPENSATION before it goes live April 1st. In this show we will be discussing the various compensation plans being rolled out across the country. Please any questions you like discussed on the show to DLykken@MortgageBankingSolutions.com and the Subject line write "QUESTIONS FOR 3-28-11 LOL PROGRAM."This will be our last chance to discuss LO COMPENSATION before it goes live April 1st. In this show we will be discussing the various compensation plans be...
Mar 28, 2011•1 hr
We will be discussing the Fed's March 17th Webinar on L.O. Compensation. Glen Corso will be back as our special guest and will be answering many of your questions. Please e-mail your questions to DLykken@MortgageBankingSolutions.com and in the subject line write "QUESTION FOR 3-21-11 LOL PROGRAM". We will do our best to get to as many of your questions as possible. We will be discussing the Fed's March 17th Webinar on L.O. Compensation. Glen Corso will be back as our special guest and will be an...
Mar 21, 2011•59 min
Due to poplular demand, we had GLEN CORSO back as our guest discussing LOAN ORIGINATION COMPENSATION with a special focus on how the DOL's requirement to pay min. hourly wage or a salary plays into LO Comp plans. Please excuse the technology difficulty we were having in the first part of the program. Due to poplular demand, we had GLEN CORSO back as our guest discussing LOAN ORIGINATION COMPENSATION with a special focus on how the DOL's requirement to pay min. hourly wage or a salary plays into ...
Mar 14, 2011•1 hr
This week we will be discussing LO Comp from the BROKERS perspective as well as from the WHOLESALERS perspective. We had Ken Panosian, of Ross Mortgage Corp (RMC) on as a guest. Ken oversees the entire wholesale operation for RMC and shared his insights as to how brokers and wholesalers will dealing with LO Compensation.This week we will be discussing LO Comp from the BROKERS perspective as well as from the WHOLESALERS perspective. We had Ken Panosian, of Ross Mortgage Corp (RMC) on as a guest. ...
Mar 07, 2011•1 hr
On today's broadcast, host David Lykken and his regular guests, Alice Alvey, Andy Schell & Joe Farr will be reviewing specific L.O. Comp plans and will be having an indepth discussion about the issues realted to each plan. Loan originator compensation has been the #1 issue challenging the mortgage industry today. Everyone is wanting specifics and on this program we will be discussing in detail specific plans. On today's broadcast, host David Lykken and his regular guests, Alice Alvey, Andy S...
Feb 28, 2011•1 hr
On today's broadcast, host David Lykken and his regular guests, Alice Alvey, Andy Schell & Joe Farr go into an indepth discussion about the issues realted to loan originator compensation which is the #1 issue challenging the mortgage industry today. They discussed the difference between the Fed's "New Rule" which is effective April 1st and Dodd-Frank which is effective July 21st. On this program they discussed the differences in L.O. comp plans starting to emerge from banks, large and small ...
Feb 21, 2011•59 min
This show is the FOURTH in a four part series of broadcasts about the issues facing independent mortgage bankers. In today's broadcast, we will be discussing specific RECOMMENDATIONS that independent mortgage bankers should consider implementing to increase their probability of success in the months and years ahead. The basis for the discussion on this broadcast will be the report prepared by a group of up-and-coming mortgage professionals that were apart of the MBA’s Future Mortgage Leaders pro...
Feb 14, 2011•1 hr
This show is the THIRD in a four part series of broadcasts about the issues facing independent mortgage bankers. In today's broadcast, we will be discussing specific ISSUES and CHALLENGES facing independent mortgage bankers in months and years ahead. The basis for the discussion on this broadcast will be the report prepared by a group of up-and-coming mortgage professionals that were apart of the MBA’s Future Mortgage Leaders program. If you are a regular listener, you may recall that members of...
Feb 07, 2011•59 min
This show is the SECOND in a four part series of broadcasts about the issues facing independent mortgage bankers. In today's broadcast, David's special guests were Jamie Korus, President of Alliance Financial Resources and Dino Lack, VP of Wells Fargo and we discussied OPERATIONS, TECHNOLOGY and CONTROLS needed for independent mortgage bankers to be successful in months and years ahead. The basis for the discussion on this broadcast will be the report prepared by a group of up-and-coming mortgag...
Jan 31, 2011•1 hr
As you may know, capital requirements for independent mortgage bankers are going up dramatically over the next couple of years. Today on Lykken-On-Lending, David along with his special guest, Ken Kummerer, VP of SW Securities discussed these increased capital requirements and provide ideas for how independent mortgage bankers can meet or exceed these new capital requirements. The basis for this discussion will be the report prepared and presented by Ken and others at the Annual MBA Convention in...
Jan 24, 2011•1 hr
