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News From NAMB: June 30, 2017

Submitted by John Councilman on June 30, 2017
Top 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... Read More

How an Improved Business Process Can Lift Employee Morale

Submitted by David Lykken on June 29, 2017
Being 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... Read More

News From NAMB: June 23, 2017

Submitted by John Councilman on June 23, 2017
Top 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... Read More

Getting Employees to Grow

Submitted by David Lykken on June 20, 2017
Most 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... Read More

News From NAMB: June 16, 2017

Submitted by John Councilman on June 16, 2017
Top 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... Read More

The Trees in the Forest: Revealing the Big Picture

Submitted by David Lykken on June 13, 2017
Have you ever heard the expression, “You can't see the forest for the trees?” I've always thought that it's a great little metaphorical statement about our tendency to get so lost in the details that we lose sight of the big picture. When you're standing... Read More

News From NAMB: June 8, 2017

Submitted by John Councilman on June 08, 2017
Top Story: CFPB Opens Up Ability to Repay Rule
The CFPB is assessing the Ability to Repay rule, also known as the Qualified Mortgage rule, they released in January of 2014.  Under the rule, we have a 43% ratio that essentially only applies to... Read More

How to Get Buy-In From Employees on Your Business Process

Submitted by David Lykken on June 08, 2017
Anyone who knows me will tell you that I'm a big proponent of business process improvement. In my consulting work with leaders in the mortgage industry, I always make ironing out the business process the top priority. That being said, there are some... Read More

News From NAMB: June 2, 2017

Submitted by John Councilman on June 02, 2017
Top Story: Fed Steps in; Busts Appraiser Rules
The pressure from various areas of the country to get appraisals in a timely fashion at a reasonable price has been heard in DC.  The Federal Reserve and other bank regulators have decided to... Read More

How a More Efficient Process Reduces Turnover

Submitted by David Lykken on June 01, 2017
When I consult with leaders in the mortgage industry, I typically am sure to cover at least two topics: people and processes. Any organization that can both create an efficiently running process, as well as attract and develop the best people, is sure to... Read More