The Future of Mortgage Lending with David Lykken

The Future of Mortgage Lending with David LykkenThe Future of Mortgage Lending with David Lykken

Mortgage lending, which has seen little innovation over the years, is now experiencing a renewal brought about by improvements in processing speed and efficiency, while costs continually decrease. Join us for this webinar as we describe the forces driving recent innovation, and more importantly, the future of mortgage lending and what factors driving this change. David Lykken of Transformational Mortgage Solutions will cover seven factors driving innovation:

  • Demographics (Millennials): The single biggest factor driving most of the following:
  • Disruptive Technology: Chat/Conversational bots powered by Artificial Intelligence (AI)
  • Data & Analytics: The “fish finder” concept
  • Costs (Regulatory and Operational): Battling rising operational costs driven primarily by the regulatory environment
  • Mortgage Loan Origination Compensation: Dealing with mortgage loan origination compensation, the single greatest line-item expense on a mortgage lenders P&L
  • Mergers and Acquisitions: Only the strongest companies (financially & strategically) will survive
  • Cyber/Data Security: On a SWOT analysis, this is the single biggest threat to every vertical market, and even more so because of the extensive amount of consumer data involved with mortgages