David Lykken is a renowned, go-to expert for all things mortgage lending and fintech. Over the course of his more than 44-year career in the mortgage industry, he has demonstrated that his vigorously innovative and entrepreneurial industry leadership is second to none.
Since 2001, Lykken has been coaching early stage lenders and mortgage banking behemoths, first as co-founder of the mortgage consultancy firm, Mortgage Banking Services, and currently as sole founder and chief transformational officer of Transformational Mortgage Solutions.
Lykken’s advisory services have been an indispensable resource for mortgage lenders that are facing overwhelming and seemingly insurmountable obstacles by providing encouragement, advice and strategic planning that repositions them from surviving to thriving.
Over the past year at TMS, Lykken has grown the firm, bringing on company president Beth Ozenghar. He and his team have helped shave 12 days from closing times at a West Coast lender; helped a Midwestern, independent mortgage lender drive-down time-to-close and cut training costs in half; and helped countless other lenders “change their stinking thinking” to increase bottom-line profitability.
Perhaps the highlight of his consulting career is the critical role he played as a trusted advisor success to Movement Mortgage Founder Casey Crawford. In the midst of the 2008 market downturn, Lykken coached Crawford through the launch and directional strategy of Movement, now a top 10 lender.
What’s the best advice you’ve ever received?
David’s favorite advice is embodied in Winston Churchill’s famous quote, “Never, never, never give up.” David is passionate about working with his team at TMS to help lenders overcome the many challenges presented by mortgage banking.