Lykken On Lending

Today we are broadcasting "live" from the National MBA Convention in San Diego from the D+H booth.  If you are attending the conference, stop on by D+H's booth to say hi.   On today's podcast, we have as our special guest, BILL COSGROVE, the out going Chairman of the Mortgage Bankers Association.  Bill will be sharing with our audience his  experience the past year while serving as the MBA's Chairman.  One of the things you will hear Bill talk about is the successful intern program his mortgage company started to encourage the younger generation to consider a careet in mortgage lending.  I Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” 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 HEADLINES update and Andy Schell (a/k/a "The Profit Doctor") providing tips on FINANCIAL MANA

On today's podcast, we have as our special guest, MARK FLEMING, the Chief Economist of First American.  Mark will be giving us his views on the economy as well as discussing the challenges facing an increasing number of Americans hoping to achieve the American dream of homeownership.  This involves issues such as increasing economic mobility what can be done to enhance economic growth which are as important today as they have ever been.   Additionally, Mark will be answering questions such as the following:  How’s the economy doing?  What do you look at to assess it’s health?When will the Fed raise rates?  What’s the impact of such low rates for so long?How do you assess the state of the housing market?  Is it all about prices? Sales volumes? Or are there other metrics that you look at?Are you concerned about the declining homeownership rate?  Is it that Important to our society, economy?What has caused the decline in homeownership?What’s the prospect for it in the future given the demographic trends?Why is

On today's podcast, we have back as our special guest, MICHAEL FRATANTONI, Senior Vice President and Chief Economist with the Mortgage Bankers Association (MBA).  Michael will be sharing with our listening audience an economic update.  He will be answering questions such as: What is the likelyhood that we will see the Federal Reserve raise rates in 2015 or is it now 2016?What is the updated projected purchase applications vs. the refinance applications?Is the economy peaking or can we look forward to a stronger economy in 2016?What are the projections for homesales, new and existing? There are just some of the questions we will be asking in today's "hot topic" segment.  Don't miss this important and informative podcast and tell others about it.   Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGI

On today's podcast, we will have as our special guest DAVID STEVENS, President & CEO of the Mortgage Bankers Association (MBA).  David will be talking about the latest issues facing the mortgage industry and provide our listeners with an update on what the MBA is doing to address these issues as well as provide an update on what we can expect at the upcoming annual convention in San Diego in October.   Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” 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 HEADLINES update and Andy Schell (a/k/a "The Profit Doctor") providing tips on FINANCIAL MANAGEMENT.  This is followed by the HOT TOPIC segment, which is an in depth discussion about one of the hottest topics related to the mortgage industry.

From time to time, this podcast provides our listeners with an update on mortgage servicing rights (MSR's) and we are fortunate to have back as our special guest on today's program, DAVID ALLISON, Senior Vice President of Dovenmuehle Mortgage, Inc.(DMI).  We are going to start by doing a review of the economics of retaining loan servicing and then discuss if retaining MSR's is the right strategy for you especially given the complex regulatory requirements put on servicers by the Consumer Financial Protection Bureau (CFPB).  Don't miss this important MSR update.   Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” 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 HEADLINES update and Andy Schell (a/k/a "The Profit Doctor") providing tips on FINANCIAL MANAGEMENT.  This is followed by

Broadcasting "live" from the Motivity User Conference in Denver, we have our regular line up of contributors noted below PLUS David Lykken will be interviewing various executives of mortgage companies here at the conference discuss the issues they are facing.  If you are interested in issues that other companies are dealing with, you will want to listen to this podcast. Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” 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 HEADLINES update and Andy Schell (a/k/a "The Profit Doctor") providing tips on FINANCIAL MANAGEMENT.  This is followed by the HOT TOPIC segment, which is an in depth discussion about one of the hottest topics related to the mortgage industry.

Online customer evaluation services such as Yelp.com or TripAdvisor.com have become increasing popular with consumers in selecting which restaurant to eat at or hotels and resorts to stay. Positive reviews naturally draw customers in and negative reviews can keep potential new customers away.  Now there is a new service called Social Survey that mortgage lenders can use to obtain feedback and published the positive reviews and deal with the issues that resulted in any negative reviews.  Joining me on this podcast is the founder of Social Survey, Scott Harris and the Head of Sales, Craig Pollock.  I also in a long-standing industry veteran, Barry Habib, to share his thoughts about what a product like this can do for a company. I hope you find this topic and product as interesting as I did.   If you have a product or service that you would like to share with our listening audience, please contact me at (512) 759-0999 or e-mail me at David@TMS-Advisors.com

With approximately 97% of all loans orginated in the US today involving an agency or government loan program, when will we see a resurgence of non-agency/non-government loan programs?  Today's guest, Eileen O'Grady, an industry veteran and now has become our official "Capital Markets & Structured Finance Industry news correspondent", will give us an update about what's going on with the Capital Markets side of the lending industry.  Eileen will be sharing with our listening audience one of the most exciting developments in the Mortgage Capital Markets and Structured Finance areas since the development of agency mortgage backed securities.  This has been a big "below the radar" development and most have missed it because, as Eileen says, "the industry has been TRID­hypnotized". On today's podcast, we will first be given an updated on Non Agency loans and explain why there has been so little activity in Non Agency securities.  And then Eileen is going to talk about a new mortgage security that is playing a

Due to technology issues beyond our control, we were unable to play the interview with HOWARD LAX on Monday's podcast which was on the topic of Marketing Service Agreements (MSA's).  Now that BlogTalkRadio has been able to fix the issues, we are able to share with you this interview.  Again, my apologies and hope you will find this interview of value.  David Lykken, Host of Lykken On Lending!   It seems that Marketing Service Agreements (MSA's) have drawn the ire of the Consumer Financial Protection Bureau (CFPB), but why?  What has been the evolution of Marketing Service Agreements (MSA's) and why now have they become so 'toxic' to the point that a number of major financial institutions have announced that they are terminating all MSA's?  Is there any MSA structure that the CFPB would find acceptable?  If so, do the risks involved out weigh the advantages?  ON this podcast we have as our special guest, HOWARD LAX of the Bodman law firm.  Howard will answer these questions and will explain why so many are ex

Due to technology issues beyond our control, we were unable to play the interview with HOWARD LAX on Monday's podcast which was on the topic of Marketing Service Agreements (MSA's).  Now that BlogTalkRadio has been able to fix the issues, we are able to share with you this interview.  Again, my apologies and hope you will find this interview of value.  David Lykken, Host of Lykken On Lending!   It seems that Marketing Service Agreements (MSA's) have drawn the ire of the Consumer Financial Protection Bureau (CFPB), but why?  What has been the evolution of Marketing Service Agreements (MSA's) and why now have they become so 'toxic' to the point that a number of major financial institutions have announced that they are terminating all MSA's?  Is there any MSA structure that the CFPB would find acceptable?  If so, do the risks involved out weigh the advantages?  ON this podcast we have as our special guest, HOWARD LAX of the Bodman law firm.  Howard will answer these questions and will explain why so many are ex

It seems that Marketing Service Agreements (MSA's) have drawn the ire of the Consumer Financial Protection Bureau (CFPB), but why?  What has been the evolution of Marketing Service Agreements (MSA's) and why now have they become so 'toxic' to the point that a number of major financial institutions have announced that they are terminating all MSA's?  Is there any MSA structure that the CFPB would find acceptable?  If so, do the risks involved out weigh the advantages?  ON this podcast we have as our special guest, HOWARD LAX of the Bodman law firm.  Howard will answer these questions and will explain why so many are exciting MSA's.  Don't miss this important discussion and interview with HOWARD LAX.  Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” 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

I was reading the following articles/blog-posts written by DONNA PEEPLES, an industry leader and "Change Visionary, Engagement Engineer & Journey Strategist"... http://www.donnapeeples.com/rendering-reality-molding-virtual-reality-into-the-customer-experience/ and https://www.linkedin.com/pulse/unknown-future-drone-technology-donna-n-peeples  As I read these articles, it became clear that Donna thinks "outside of the box" and would be great guest as we wrap up this series on INNOVATION. As I started researching her background, I learned that Donna was instrumental in engineering the turn-around of United Guaranty.  As you listen to this podcast, you will understand why United Guaranty is now the #1 mortgage insurance company in the US!  Donna's latest article (see the above link) on "customer experience" gives us insights what other industries are doing to create a new customer experiences and will give you ideas for how YOU can create a new customer experience.  I would encourage you to go to Donna's we

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 origination, production and servicing, supply chain management, capital markets, strategic alliances, and executive advisory services.   On today's podcast, we will learn more about TWC’s Process Architecture tools that will have transformative impact on the industry. As we said last week, it is the process architecture that Jack Nunnery of Texas Capital Bank talked about a couple of weeks ago in the design and implementation of TCB's new Mortgage Correspondent Aggregation (MCA) platform.   Please join me as we continue

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 today's podcast, we will learn about TWC’s Process Architecture tools that have transformative potential when combined with best-of-breed software components.  It was this process architecture that to what Jack Nunnery of Texas Capital Bank, talked about last week where he called on a group of of innovators to help design an exciting new Mortgage Correspondent Aggregation (MCA) platform.  Terry, myself, staff from Loan Logics and numerous others worked wtih Jack on the design of MCA.  The result of that work effort

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 innovative and new approach to correspondent lending that would be streamline virtually all the processes involved to the benefit both the seller and the buyer. As a result, Jack started a "greenfield" work effort well over a year and a half ago with the objective of designing and building a state-of-the-art streamlined correspondent lending platform that operates in a way like no other company has operated before. On today's broadcast, Jack is going to talk about four key considerations that went into designing and bu

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 BUYERS ROAD which will change the way Customers, Realtors, Loan Officers and Title Companies Connect from search to post closing marketing.   FREE OFFER:  If you would like the opportunity to join the Beta Test Group at NO COST, click on this link http://btr.socialsurvey.me/ and complete the form. Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” hosted by mortgage industry veteran, David Lykken and is joined each week by regulars Al

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 excited these days? Don't miss this important broadcast.   Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” 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 HEADLINES update and Andy Schell (a/k/a "The Profit Doctor") providing tips on FINANCIAL MANAGEMENT.  This is followed by the HOT T

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.  To read this story, click on this link... http://www.nationalmortgagenews.com/news/technology/new-loanlogics-tech-aims-to-streamline-correspondent-investor-tasks-1055051-1.html?site=default_tech&utm_campaign=mortgage%20technology-jul%202%202015&utm_medium=email&utm_source=newsletter&ET=nationalmortgage%3Ae4678644%3A3896591a%3A&st=email Tune in and listen to Brian as he talks about his company's latest innovation and how this new technology will impact a variety of correspondent investor task

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 challenging the dialogue.  Be sure to listen to Logan's economic forecast and financial update. Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” 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 HEADLINES update and Andy Schell (a/k/a "The Profit Doctor") providing tips on FINANCIAL MANAGEMENT. 

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 Enforcement by the CFPB?What are some of the more unique approaches CFPB has taken in their enforcement?What do you think of the CFPB’s position?The Department of Justice seems to be pretty active pursuing lenders for the submission of false claims concerning FHA loans.  What’s their approach?What do you think of the Quicken lawsuit against the Department of Justice and HUD? Don't miss this important broadcast with Mitch Kider, the nation's leading regulatory and litigation attorney defending those in the mortgage in