On today's broadcast, we are continuing our conversation about innovation in the mortgage industry and have invited last week's guest, TERRY WAKEFIELD, President and CEO of The Wakefield Company (TWC), to return as our guest this week. What we did not get discussed last week is the innovative things that Terry is currently working on to transform the industry. He is veteran with multiple decades of experience as an innovator and entrepreneur. His experience touches all aspects of mortgage origin...
Aug 10, 2015•1 hr 1 min
Today's broadcast is yet another podcast in a series of podcasts about innovation in the mortgage industry. This week we have TERRY WAKEFIELD, President and CEO of The Wakefield Company (TWC), as our guest. Terry is a mortgage industry veteran with multiple decades of experience as an innovator and entrepreneur. His experience touches all aspects of mortgage origination, production and servicing, supply chain management, capital markets, strategic alliances, and executive advisory services. On t...
Aug 03, 2015•1 hr 4 min
When it comes to Correspondent Lending, not much has changed in decades... that is until NOW! Today's guest is JACK NUNNERY, EVP of Texas Capital Bank (TCB). Last week, TCB announced they are launching their "Mortgage Correspondent Aggregation" (MCA) business, which is a new correspondent lending platform. Jack along with Gary Ort have been responsible for TCB's Warehouse Lending operation. They recognized that there was an unusual opportunity to create within the correspondent lending space an ...
Jul 27, 2015•1 hr 8 min
This is the third in a series on INNOVATION IN THE MORTGAGE INDUSTRY and we have as our special guest SCOTT HARRIS an experience innovator. On today's broadcast, we are going to talking about his latest innovations. The first is SOCIAL SURVEY, which is simple way to manage your online reputation across multiple media platforms. This system automates an otherwise tedious process and allows you to survey borrowers, manage your online reputation, and track and respond to the results. The second is ...
Jul 20, 2015•59 min
This is the second in a series of broadcasts focusing on INNOVATION IN THE MORTGAGE INDUSTRY and joining us today will be TONY GARRITANO, Chairman & Founder of Progress In Lending. Tony will be giving us his perspective on where he sees the lates innovation coming from. We will be discussing questions such as: Where is innovation happening in the industry?What are the main hindrances to innovation?When will new technology companies start appearing again?What technology gets Tony Garritano ex...
Jul 13, 2015•58 min
This broadcast is the first in a series of broadcasts looking at recent INNOVATION in the mortgage industry. Kicking off this series will be our special guest Brian Fitzpatrick, President and CEO of LoanLogics. This past Thursday, the National Mortgage News, in their publication Mortgage Technology, ran a story written by Bonnie Sinnock about a new technology that will be launching next week to automate and streamline close loan purchasing and quality control processes for corresponded investors...
Jul 06, 2015•1 hr 9 min
With so many having so many conflicting views on the direction of the economy, I invited Logan Mohtashami a Financial Contributor at Benzinga.com, a Financial Blogger at LoganMohtashami.com and the Senior Loan Manager at AMC Lending Group to give our listeners his latest predictions about the economy. Also, Logan is an excellent example of effectively using Social Media to intentionally and intelligently getting the attenion of leaders in our industry and engaging them in respectful yet challeng...
Jul 03, 2015•55 min
No question that the regulatory changes and the enforcement actions have made it more challenging to be a Mortgage Banker these days. To discuss the latest challenges and what we can expect in the future, we have MITCH KIDER, Chairman and Managing Partner at Weiner Brodsky Kider PC, back as our special guest. Mitch will be giving us an update on the regulatory landscape as well as answer including the following: What can we learn from recent mortgage industry litigation?What is the latest RESPA ...
Jun 29, 2015•1 hr 1 min
On June 8th, LES PARKER, Senior Vice President of LoanLogics, was my guest on the broadcast and we began to discuss what we can expect for our industry and housing in the second half of 2015. While we covered a lot of ground, there was still so much that didn't get covered that I have asked Les to come back on to finish sharing his thoughts. Les will be answering questions such as: How does China and the Asian markets factor into market conditions here in the US?What are the biggest threats to o...
Jun 22, 2015•1 hr 2 min
As we continue our "Mortgage Industry Update" series, I am excited to have back on the broadcast an old friend and industry veteran, GLEN CORSO, who is the Executive Director of Community Mortgage Lenders of America (CMLA). On today's broadcast, we will be focusing on the segment of the market known as independent mortgage lenders/bankers. We will be answering questions such as: What is the overall outlook for independent mortgage lenders? Better or worse?Will the market share for independent mo...
Jun 15, 2015•1 hr 1 min
We are almost halfway through the first half of 2015 and many are wondering what the second half of this year is going to look like, especially when it comes to interest rates and loan volumes. I have invited my good friend, LES PARKER, Senior Vice President of LoanLogics, to return as my guest on this broadcast. Les has been a guest numerous times before. His market insights and forecasts of been amazingly accurate. Les will be answering questions such as: Where will interest rates be by the en...
Jun 08, 2015•1 hr 3 min
It wasn't that long ago that many were saying that WHOLESALE LENDING and the MORTGAGE BROKER were going to go the way of the dinosaur. Today's resurgence of the Wholesale Channel and those that participate in the channel are doing very well. It is one of the great "come back" stories of our industry. To talk about this, we have as our special guest, GREG MURRAY, CEO of Wholesale One™. On today's broadcast, we will be discussing the following and much more: How will the revitalization of the whol...
Jun 02, 2015•25 min
It wasn't that long ago that many were saying that WHOLESALE LENDING and the MORTGAGE BROKER were going to go the way of the dinosaur. Today's resurgence of the Wholesale Channel and those that participate in the channel are doing very well. It is one of the great "come back" stories of our industry. To talk about this, we have as our special guest, GREG MURRAY, CEO of Wholesale One™. On today's broadcast, we will be discussing the following and much more: How will the revitalization of the whol...
Jun 01, 2015•1 hr 3 min
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 airing an interview with DAVE SAVAGE, President and founder of Mortgage Coach, who has developed innovati...
May 25, 2015•31 min
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 to fail!” So it is for those failing to plan ahead for when TRID goes into effect on August 1st of th...
May 18, 2015•1 hr
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 be made to Dodd Frank rules?What is being done about issues related to the Safe Act & transitional...
May 12, 2015•30 min
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 Washington, DC beltway and as someone who has had the privilege of being in "the Oval Office" on numerou...
May 11, 2015•1 hr 1 min
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 business processes thereby creating efficiencies resulting in shorter lending timelines. In a world where mort...
May 05, 2015•28 min
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. In a world where mortgage lenders basically sell the same products at close to the same rates, giving...
May 04, 2015•1 hr 4 min
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 for the Morgage Banking Bound program. Developed by MBA Education and taught by industry experts, Mor...
Apr 28, 2015•21 min
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 Mortgage Bankers Association (MBA) and Brendan Barry also with the MBA. On January 22nd 2015, the MBA laun...
Apr 27, 2015•59 min
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 mortgage industry. We are honored today to have back as our special guest, Michael Fratantoni, Ph.D., the Ch...
Apr 20, 2015•1 hr 2 min
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 him saying they are FOR the loosening credit standards. David asked and we will be discussing, "Wasn'...
Apr 13, 2015•1 hr 6 min
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-application to closing. Furthermore, the MBA wrote a letter along with many other trade organizations to t...
Apr 06, 2015•1 hr 1 min
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 will be discussing important feedback on recent broadcasts. Created BY mortgage professional FOR mortgage...
Mar 30, 2015•1 hr 7 min
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 at a cost. Others are turning to MI companies and other vendors who provide contract underwriting a...
Mar 23, 2015•1 hr 3 min
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 a weekly 60-minute radio program hosted by mortgage veteran, David Lykken. Joining the program each wee...
Mar 16, 2015•1 hr 1 min
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 has over 20 years of mergers and acquisition experience and is one of the nation's foremost auth...
Mar 09, 2015•1 hr 1 min
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 thirty-plus years of recruiting experience and provide you with the unique recruiting tools you need to fin...
Mar 02, 2015•1 hr 10 min
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 BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio progra...
Feb 23, 2015•1 hr 11 min
