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Markets Don't Sleep: The Importance of Paying Attention

David Lykken
Nov 05, 2014

I recently had the opportunity to attend the Mortgage Banker's Association (MBA) Annual Convention in Las Vegas. It was a great time, and there was just so much information thrown at me all at once. I got the chance to chat with so many smart people and be introduced to so many exciting technologies. As always, it was a remarkable experience.

When I got back, though, I had a lot to catch up on. When I was at the conference, it was like I was in my own little world. It felt as if the outside world had paused for me while I was at the convention. Absorbed in the experience, I was completely unaware of what was going on outside those walls.

I have this experience every time I get back from a conference or a vacation. I'm sure you've had the experience too. It's like being thrown back into the fire. While we're gone—whether it's on a business trip or a family vacation—the markets don't sleep. The world keeps spinning. The industry keeps evolving.

I don't want to give you the wrong impression. It's good to get away from time to time. You need to attend conferences to get that specialized training. You need to get away from work all together to spend time with your friends and family. I'm all about creating balance in your life.

All of that being said, I would just encourage you to keep a close eye on what's going on in the market. Always keep one eye open and an ear to the ground. The industry's always changing, and you don't want to get caught off guard.

David Lykken is 40-year mortgage industry veteran who has been an owner operator in three mortgage banking companies and a software company. As a former business owner/operator, today David loves helping C-Level executives and business owners achieve extraordinary results via consulting, coaching and communications, with the objective of eliminating corporate dysfunction, establishing and communicating a clear corporate strategy while focusing on process improvement and operational efficiencies resulting in increased profitability. David has been a regular contributor on CNBC and Fox Business News and currently hosts a successful weekly radio program, “Lykken on Lending,” that is heard each Monday at noon (Central Standard Time) by thousands of mortgage professionals. He produces a daily one-minute video called “Today’s Mortgage Minute” that appears on hundreds of television, radio and newspaper Web sites across America. He may be reached by phone at (512) 501-2810 or by e-mail at [email protected]


Nov 05, 2014