Featured Articles

Planning Ahead for the Impacts and Risks of HMDA
The CFPB’s Home Mortgage Disclosure Act (HMDA) changes mandate that new or modified data points be collected during the residential mortgage loan origination process, and require more frequent reporting than many lenders have had to do in... Read more
Two Key Solutions Will Create a New Market Opportunity for Wholesale Lenders
With just two strategic modifications to their processes, wholesale lenders have the potential to unlock a vast new market opportunity. The key lies in strategic abandonment and innovation: Lenders must leave behind processes that hold... Read more
Reverse Occupancy
Question: As a result of an internal audit, we just found out about two reverse occupancies. It turns out that our investors were already aware of this happening and were about to send us repurchase requests. We received the repurchase... Read more
Lykken on Leadership: How to Build an Unstoppable Leadership Team
Great leadership is often the deciding factor in whether an organization achieves extraordinary success or miserable failure. But all too often when we think of leadership, we hold too narrow a definition of what we mean. We may know the... Read more
Compliance Education for Today’s Mortgage Professional
Compliance requirements have reached new heights in recent years, impacting virtually everyone involved in mortgage lending regardless of job function/responsibility. As a result, effective compliance training has become an ever increasing... Read more
The Millennial Mindset
When I was approached about writing an article from the “Millennial” perspective explaining my thoughts on the mortgage industry, buying a house, taking out loans, etc., my response was, “What thoughts?” As shocking (and quite honestly,... Read more
Certification Is a Must
Regulatory mandates are increasing and it doesn’t appear that the climate will change soon. This is both good and bad news. The good news is that many regulations exist to protect the borrower, and others to protect the broader United... Read more
Erroneous Foreclosure Code Still Results in Loan Denial for Past Short Sellers in Freddie Mac Loan Prospector for Conventional Loans
In August of 2014, Fannie Mae successfully implemented an automated system workaround that enabled lenders to correct conventional loan Refer/Ineligible findings when past short sale credit shows up as a foreclosure in the Desktop... Read more
Lykken on Leadership: Never Stop Asking Why ... Six Questions to Start With
Perhaps the greatest leadership lessons of all can be learned from children. If you've ever been around a young child for a long period of time, you've probably been both energized and annoyed by their level of curiosity. When we're adults... Read more
Featured Industry Leader: Kevin Jornlin, President, Delaware Mortgage Bankers Association
Kevin Jornlin is regional manager for Supreme Lending in Wilmington, Del., and is president of the Delaware Mortgage Bankers Association (DMBA). National Mortgage Professional Magazine recently spoke to him regarding his trade association... Read more