David Lykken, a 43-year mortgage consulting veteran, has launched Transformational Mortgage Solutions, an entrepreneurial venture that aids clients in planning their strategic direction and implementing their operational objectives.
Lykken says this new firm will work with banks, credit unions, independent mortgage companies and any supporting service providers, including originations, operations, secondary marketing, loan servicing and mortgage technology firms, to navigate challenges in the industry.
Lykken will serve as president and managing partner of the firm.
Most recently, Lykken was a partner at Mortgage Banking Solutions, a management consulting and advisory services company. He will continue to work with his former associates at Mortgage Banking Solutions through an affiliated business relationship.
‘Right now, there are so many reasons to be optimistic, but the industry needs to address core issues. That's what I'm setting out to do. If there is another housing crisis, it is going to be very difficult for many companies to survive. I'm here to help them develop a plan to not only survive, but to thrive in the new market ahead,’ says Lykken.