Lykken on Lending David Lykken

In the ever-evolving landscape of the mortgage industry, understanding employment trends and leveraging data for strategic decision-making has never been more critical. In this episode, David delved into this subject with Dale Larson III, co-founder of Modex. Their discussion offered valuable insights into the current state of mortgage employment, highlighting the significance of data-driven recruitment and retention strategies. Companies that harness the power of data will be better equipped to navigate the complexities of recruitment and retention in an ever-changing market. Modex stands at the forefront of this transformation, offering tools and insights that enable mortgage companies to make informed, strategic decisions. Staying ahead of employment trends and leveraging data will be key to sustained success.

The Lykken on Lending program will feature our Weekly Mortgage Updates with Adam DeSanctis and his MBA Mortgage Minute, and then Les Parker’s TMSpotlight, a macroeconomic perspective on the economy with a music parody. That leads to Matt Graham of MBS Live providing you a rate & market update, followed by David Kittle, Chief Executive Officer @ Cypress Mortgage Capital, to discuss mortgage originations. Then we have Alice Alvey of Union Home providing a regulatory & legislative update, then Allen Pollack giving us a Tech Report on the latest technology impacting our industry. Finally, we wrap up the first half of the program with Marc Helm, Senior Executive Partner @ Transformational Mortgage Solutions, talking about Loan Servicing and the “Agencies”.

David and Allen discuss the critical need for technology to reduce mortgage origination costs, highlighting the impact of automation, AI, and recent industry innovations.
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Alice Alvey, Master CMB
Vice President Partner Education and Training at Union Home Mortgage

She handles development of their World Class Training program designed to support UHM partners and organizational effectiveness.
Prior to UHM, Alice served as Senior Vice President at Indecomm leading the Indecomm-Mortgage U division, Internal QA and Compliance and SaaS technologies. Indecomm acquired Mortgage U in 2013, where Alice was President/Co-founder, providing training and consulting since 1996. Prior to MU she served as SVP of Operations at a national bank overseeing operations for wholesale, retail and correspondent from underwriting through servicing, and compliance.

She has been in the trenches of mortgage lending operations from application through servicing for over 30 years. Her authoring work in training content, policies and procedures and the FHA/VA Practical guides illustrates her ability to bridge regulatory requirements with day-to-day operations.

Alice has been a weekly contributor to the Lykken on Lending show since its beginning in April 2009 and has made her weekly contributions to 450+ episodes!

Alice discusses Ginnie Mae's new allowance for commingling e-mortgages with traditional loans in pools starting June 1st and highlights concerns over regulatory costs impacting mortgage origination, with technology increasingly driving industry decisions.
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Alice Alvey, Master CMB
Vice President Partner Education and Training at Union Home Mortgage

She handles development of their World Class Training program designed to support UHM partners and organizational effectiveness.
Prior to UHM, Alice served as Senior Vice President at Indecomm leading the Indecomm-Mortgage U division, Internal QA and Compliance and SaaS technologies. Indecomm acquired Mortgage U in 2013, where Alice was President/Co-founder, providing training and consulting since 1996. Prior to MU she served as SVP of Operations at a national bank overseeing operations for wholesale, retail and correspondent from underwriting through servicing, and compliance.

She has been in the trenches of mortgage lending operations from application through servicing for over 30 years. Her authoring work in training content, policies and procedures and the FHA/VA Practical guides illustrates her ability to bridge regulatory requirements with day-to-day operations.

Alice has been a weekly contributor to the Lykken on Lending show since its beginning in April 2009 and has made her weekly contributions to 450+ episodes!

Last week's market movements were driven by the Consumer Price Index (CPI) report, which showed a slight but insufficient downtrend in core inflation, resulting in a moderate bond market reaction and setting the stage for future data-driven market shifts.
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Matt began as an originator in 2002. He fell in love with the idea of following MBS in real-time but felt that existing products were only scratching the surface. Thus was born MBS Live in 2007, the first-of-its-kind platform with real-time market data/analysis, and live chat with analysts, traders, and originators around the country. He is currently the Founder and CEO of MBSLive!

He's been covering bond/mortgage markets, writing commentary, alerts, and chatting with the live community every business hour of every business day ever since.

Matt also serves as the Chief of Operations for mortgagenewsdaily.com, where he is one of the industry's most respected mortgage rate experts, frequently quoted in the media. Mortgage News Daily's rate index is used as the definitive resource on day-to-day mortgage rate averages.

He lives in the Pacific Northwest with his wife and son where he enjoys skiing, fishing, coaching youth sports, playing the guitar, and more DIY projects/hobbies than he'd care to admit.

Check out more details about MBS Live here

05-20-2024 Countries In Recession Won't Be "Lonely Boy"
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Any old report keeps us waiting. Waiting, waiting. Powell’s a Lonely Boy, He’s a Lonely Boy. Oh, Powell, you are the love that keeps us waiting.  

The latest tame inflation dropped rates. Many expected a strong report that would have pushed rates significantly higher.

Avoid emphasizing one report; instead, pay attention to coalescing trends. Megatrends suggest the next recession will affect more countries than usual.

Amid the eternal war between bulls and bears, the bulls merely shifted the guillotine a notch. The new 10-year yield range is 4.67 to 4.18.

Oh, Powell, you are the love that keeps us waiting.
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Song: Lonely Boy (2011)