Lykken on Lending

[David] Mr. Kittle. I know  you have to get out any thoughts you want to share with you overall production, what we’re hearing. We’re sharing some, encourage you from the clients we’re working with, and some of the people I interviewed Steve Majerus of Synergy One last week, we’re going to be in it. I’m really looking forward to sharing that podcast.  It’s coming down more and more, David, to leadership. This is something you well know, having been past chairman of the MBA, have been being the leader, now CEO, Co-Founder of TMC. The importance of leadership especially at times like this, never been more important. And I think how people’s CEOs communicate, leaders communicate, whether it be from the top of the organization or within the organization, I think is just so critical. Your thoughts.  

[Kittle] Totally agree with you. Communication is the key to everything. I love the quote divorce war and the mortgage business all occur because of lack of communication. And  that great a job as an industry over the years, but internally in your own company, top to bottom, they have to see the leadership, your CEO, President, whoever does the day to day involved every day, all day long making the decisions. And production’s pretty stable. I was not surprised to hear there were still a couple of M&A’s going on. People are at this point, decide to take their cash off the table and sell. So that is still occurring out there. So yeah.  I think production stable and we’ll be into the fall and then we’ll see what one or two rate cuts does personally. I don’t think much, but yeah,

[David] I’m not a lot, but I think this is going to created narrative where people are going to be looking at maybe this is a time to refinance. So whether rates fall, or if there’s a perception that we’re heading in that direction, I think we could see some would call it a refinance boom, but it’s certainly, you should have some strategy. What are you doing listeners to talk to your originators? Should we see interest rates drop? Should we see some more activity? What are you doing to capture it? The other one is MSRs, Marc. I’m thinking about lower rates and the hit this could have to some of the MSRs are out there. We’ll get into your comments on that. David, thanks so much for being here. Appreciate you. I know how busy you are and other calls you have to go do so have a great rest of your week.

[Kittle] Have a great week, my friend.

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David G. Kittle, CMB  is a highly respected leader in the mortgage industry, with over 45 years of experience. He is the Co-Founder and Chairman of The Mortgage Collaborative (TMC), a mortgage lending cooperative providing members with access to resources and tools to improve their business operations.

Kittle began his mortgage banking career with American Fletcher Mortgage Company as a top-producing loan officer in 1978 moving to the management side in 1986 with Southmark Mortgage. He opened Associates Mortgage Group, the first of his three lending companies in 1994.

Kittle served as MORPAC Chairman for MBA, from 2004-2006. He is past President of both the Louisville and Kentucky Mortgage Bankers Associations, as well as leading the industry through its most tumultuous period as Chairman of the Mortgage Bankers Association, Washington DC in 2009. Kittle has testified before congress 14 times.

Kittle has been a driving force behind the growth and success of TMC, working to bring together mortgage lenders from across the country to share best practices and collaborate on key industry issues. Kittle has also been a vocal advocate for innovation and technology adoption in the mortgage industry, urging lenders to embrace new tools and strategies to improve their operations and better serve their customers.

Kittle is a frequent speaker at industry events and conferences, sharing his expertise on a variety of topics related to mortgage lending.

He resides in Louisville, Kentucky, he has four children and two grandchildren.