The NMP Blog

Why You Need More "Thinkers" on Your Team

Submitted by David Lykken on July 19, 2017When you're bringing people onto your team, you may be thinking primarily in terms of how they'll fit in with your organizational culture. That's definitely an important thing to keep in mind. However, when you're interviewing candidates, you may come across people who aren't very sociable. And, it's not because they're shy; they're very articulate and communicate well—they just don't have much... Read More

Why You Want Extroverts on Your Team

Submitted by David Lykken on July 14, 2017Finding the right people is an important step in creating a successful organization. It doesn't matter how great your processes or products are if you don't have people whom you can trust to handle them correctly. So, what kind of people do you want on your team? There are many difference personality styles that can find a place in the mortgage industry, but one you certainly should not ignore is... Read More

News From NAMB: July 14, 2017

Submitted by John Councilman on July 14, 2017Top Story: CFPB Revises TRID Starting about a year ago, the CFPB decided to put in writing what they had been advising those who contact them with TRID questions.  One should not look at this as changes but formal guidance on a few issues.  One stands out as a “give” to a big trade association.  Realtors had been complaining since TRID began that lenders were not sharing information about the... Read More

News From NAMB: July 6, 2017

Submitted by John Councilman on July 06, 2017Top Story: Budget Cuts Could Hamstring CFPB In Washington, much of what cannot be passed in stand-alone bills can be accomplished in the budgeting process.  Since the Choice Act that passed in the House does not appear to be passable in the Senate, House leadership is working on putting portions in an important appropriations bill.  It would roll back CFPB funding to 2015 levels and diminish CFPB... Read More

Why the Best Leaders Delegate

Submitted by David Lykken on July 05, 2017The best leaders in the mortgage industry have an entrepreneurial spirit. Whether or not you've started your company, you've no doubt had the spirit of a starter to get to where you are as a leader. People becoming leaders by taking initiative, getting their hands dirty, and doing the work while others are just sitting around waiting for orders. As a leader, you are probably used to doing a lot... Read More

News From NAMB: June 30, 2017

Submitted by John Councilman on June 30, 2017Top Story: Transitional License Bill Is Back Last year, Rep. Steve Stivers of Ohio introduced H.R. 2121, the SAFE Transitional License Act.  This year, it is back as H.R. 2948.  In short, the bill had 2 purposes.  First, it would have allowed MLOs working for banks to begin originating for a state-licensed company without any delays for doing what is required by state law such as getting NMLS-... Read More

How an Improved Business Process Can Lift Employee Morale

Submitted by David Lykken on June 29, 2017Being a leader in the mortgage industry isn't easy. Of course, there are the straightforward business challenges—refining processes to reach targets and increase profits. The mechanical and technical aspects of leading on organization can be challenges enough in and of themselves. But then you also have to deal with people—and human emotions can be even trickier. At the end of the day, every... Read More

News From NAMB: June 23, 2017

Submitted by John Councilman on June 23, 2017Top Story: Home Prices Set a New Record! Home sales are still hot despite a lack of inventory.  This has pushed home prices up but that hasn’t cooled demand.  Some thought home prices in 2007 were too high and created a bubble, but current home prices have surpassed that level.  The latest median home price for May came in at $252,800, a new record.  After a little dip in April, existing home... Read More

Getting Employees to Grow

Submitted by David Lykken on June 20, 2017Most organizations I've worked with spend a great deal of time, money and energy on recruiting. They want to make sure they get the best people they can, so they focus heavily on hiring and initial training. While I think these efforts are great, I don't think they're enough. As I speak with leaders in the mortgage industry, I run into quite a few people who tell me that they're struggling to get... Read More

News From NAMB: June 16, 2017

Submitted by John Councilman on June 16, 2017Top Story: Treasury Report on Restructuring Lending Released The Treasury Department released its long-awaited Report on the United States Financial System this week. It was very critical of the current state of our system.  The report noted that we have had a very poor recovery from the Great Recession in terms of loan growth and GDP.  “The largest stalled asset class is residential mortgage... Read More