Ever since I first heard about it, I've been really excited about the Mortgage Bankers Association's "Mortgage Banking Bound" program. On the April 27 broadcast of my Lykken on Lending radio show, I finally got the opportunity to discuss the initiative with Jeff Schummer and Brendan Berry of the MBA. What this program is doing to bring new life to the industry will, I believe, work wonders for the future in our field.
Partnering with a growing number of colleges on the east coast, the MBA is offering an extensive introduction to working in the mortgage industry. Taught by certified mortgage bankers, these Webinars walk students through a career in the mortgage industry—including everything from loan production to investor relations to compliance. So far, there seems to be a high interest in the program from local companies—especially those offering internships.
Here's the thing: Talented people aren't just naturally going to stumble into the mortgage industry—we're going to have to go out and get them. For a variety of reasons, the intelligent Millennials who are now graduating college might often have negative feelings about the industry—because they don't really understand it. "Mortgage Banking Bound" shows students what the industry's really like—and how great it can be to be a part of it. The more programs we have like this, the better of we're going to be.
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].
