Business, Free News Articles

Transformational Mortgage Solutions Appoints Michael Barrett as Mortgage Executive Consultant

AUSTIN, Texas -- Leading mortgage industry management consulting firm Austin, Texas-based Transformational Mortgage Solutions (TMS), today announced that it has brought on Michael Barrett as mortgage executive consultant. In this role, Barrett will apply his more than 17-years of mortgage business and product development expertise to helping TMS clients improve process efficiencies, execute digital mortgage transformation strategies and expand profit margins.

"As the name Transformational Mortgage Solutions suggests, our mission is to transform the legacy processes and ways of thinking that are holding lenders back," said TMS Founder and Chief Transformational Officer David Lykken. "Michael's keen eye for process evaluation and business development strategy make him especially well-suited for a role at TMS. We look forward to working with him."

Before entering the field of mortgage management consulting, Barrett was senior vice president, retail direct platform at top-10 lender AmeriHome Mortgage Company, LLC., where he built out their consumer direct lending channel in the Orange County, California market. He also served as vice president, business development at Guaranteed Rate and director of product strategy at Discover Financial Services (NYSE: DFS). Barrett has earned Mortgage Bankers Association designations as an Accredited Mortgage Professional (AMP) and a Certified Mortgage Banker (CMB).

"In this tight market, many lenders need to evaluate their business model and back office processes with fresh eyes in order to make the kinds of informed and effective decisions that will keep their business viable," said Barrett. "I'm excited to join the stellar team at TMS, and contribute to their reputation as a firm that can cinch the belt on any lending operation by coaching for intentional, disciplined performance."

About Transformational Mortgage Solutions:

Transformational Mortgage Solutions (TMS) is a management consulting firm providing a full range of advisory services to owners and executives of companies in the mortgage lending business. Our clients include banks, credit unions, and independent mortgage lenders, as well as companies providing financing / solutions / services to mortgage lenders. We are able to help companies regardless of size. We provide three main advisory services: consulting, coaching and communications.

Also, as a public service, TMS is dedicated to informing and educating industry professionals through the weekly "Lykken on Lending" podcast as well as providing speakers at conferences and other industry events and consumers through "Today's Mortgage Minute" and through appearances on national television networks such as the FOX Business Network.

More information: https://transformationalmortgagesolutions.com/.

Twitter: @DavidLykken #mortgagebanking #digitalmortgage

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Awards and Honors, Business, Free News Articles

David Lykken Celebrated by HousingWire as a 2018 Vanguard Award Honoree

AUSTIN, Texas -- Leading mortgage industry management consulting firm Austin, Texas-based Transformational Mortgage Solutions (TMS), today announced that Founder and Chief Transformational Officer David Lykken has been named a 2018 Vanguard Award honoree by HousingWire (HW) magazine. For the fourth consecutive year, the Vanguard awards program has highlighted housing finance executives for "vital contributions to their companies and the dynamic way they are changing the industry."

A prominent and beloved personality among the mortgage community, Lykken was recognized for his 45 years of vigorous innovation and entrepreneurial leadership in housing finance. After starting out as a banking management trainee, just five years into his career Lykken launched a loan origination software company that grew into a national, publicly-traded tech firm. Lykken went on to found and lead two highly successful, California-based mortgage banking companies and became acting partner in a national mortgage bank.

Dedicated to helping mortgage lenders nurture the health of their organizations, Lykken founded TMS in 2015 and in 2017 co-founded Ainsworth Advisors, where he currently coaches early-stage lenders and mortgage banking behemoths for success. Additionally, Lykken has cultivated a dedicated national following of thousands of mortgage professionals as host of the podcasts "Lykken on Lending" and "Lykken on Leadership." Lykken also frequently appears as speaker and guest panelist at prominent mortgage industry conferences and events.

"There's nothing more gratifying than providing lenders with the encouragement, strategic advice and support they need to reposition themselves from surviving to thriving," said Lykken. "Especially in this profitability-challenged cycle, mortgage lenders are going to have to 'change their stinking thinking' to improve their bottom-line."

"As the Vanguards award program continues to grow and to be more successful, the entry point gets tighter," said HousingWire Editor-in-Chief Jacob Gaffney. "These winners are truly the best Vanguards in the mortgage finance industry, and they all deserve the highest honor in the space."

The complete list of awardee honorees is published in the December issue of HW magazine. The digital edition can be viewed online at https://www.housingwire.com/articles/47526-meet-the-2018-hw-vanguard-award-winners.

About HousingWire:

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 40,000 newsletter subscribers daily and over 4 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. Visit https://www.HousingWire.com or https://www.solutions.housingwire.com to learn more.

About Transformational Mortgage Solutions:

Transformational Mortgage Solutions (TMS) is a management consulting firm providing a full range of advisory services to owners and executives of companies in the mortgage lending business. Our clients include banks, credit unions, and independent mortgage lenders, as well as companies providing financing/solutions/services to mortgage lenders. We are able to help companies regardless of size. We provide three main advisory services: consulting, coaching and communications.

Also, as a public service, TMS is dedicated to informing and educating industry professionals through the weekly "Lykken on Lending" podcast as well as providing speakers at conferences and other industry events and consumers through "Today's Mortgage Minute" and through appearances on national television networks such as the FOX Business Network.

More information: https://transformationalmortgagesolutions.com/.

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Awards and Honors, Business, Free News Articles

Transformational Mortgage Solutions’ Beth Ozenghar Honored by HousingWire’s 2018 Insiders Award Program for Excellence in Mortgage Advisory Services

AUSTIN, Texas -- Leading mortgage industry management consulting firm Austin, Texas-based Transformational Mortgage Solutions (TMS), today announced that President and COO Beth Ozenghar has been honored by HousingWire (HW) magazine with the publication's 2018 Insiders Award(TM). This marks the third year the award program has recognized operational all-stars "who do the legwork and make the mortgage industry tick."

Ozenghar was recognized for her role as the behind-the-scenes powerhouse at mortgage advisory services firm Transformational Mortgage Solutions (TMS), where she works to help lenders reach their strategic potential. Focusing on Business Process Improvement principles, Ozenghar spearheads the development of lender clients' workflow, helping them understand and improve upon their operations rapidly. Her proprietary consulting methodologies have guided lenders through complete metamorphoses, increasing profit margins by repositioning their approach to business processes and company culture.

"During the current lower-volume, profitability-challenged cycle, there is a greater need than ever for mortgage lenders to cultivate lean, efficient operations before investing in digital mortgage solutions," said Ozenghar. "In working with each TMS client, my goal is to identify their unique set of challenges and prescribe company-specific solutions that help them deliver an exceptional borrower experience and operate at their highest potential."

"Beth has helped solidify TMS' reputation as the mortgage advisory firm that can cinch the belt on any lending operation by mapping and coaching for lean, precision performance," said David Lykken, founder and chief transformation officer at Transformational Mortgage Solutions. "Her ESP - expertise, sincerity and passion - exemplify the TMS mantra: people, process, product, purpose and passion. I commend Beth for this well-deserved honor."

"This year's group of Insiders exemplify what it means to get the job done and done right," said HW Online Editor Caroline Basile. "Each of the mortgage and housing professionals we honored made incredible contributions to their companies' successes and we're excited to recognize their achievements."

The complete list of awardee honorees can be viewed in the September issue of HW magazine and online at https://www.housingwire.com/articles/46713-hw-insiders-2018.

About HousingWire:
HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 40,000 newsletter subscribers daily and over 4 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. Visit https://www.HousingWire.com or https://www.solutions.housingwire.com to learn more.

About Transformational Mortgage Solutions:
Transformational Mortgage Solutions (TMS) is a management consulting firm providing a full range of advisory services to owners and executives of companies in the mortgage lending business. Our clients include banks, credit unions, and independent mortgage lenders, as well as companies providing financing/solutions/services to mortgage lenders. We are able to help companies regardless of size. We provide three main advisory services: consulting, coaching and communications.

Also, as a public service, TMS is dedicated to informing and educating industry professionals through the weekly "Lykken on Lending" podcast as well as providing speakers at conferences and other industry events and consumers through "Today's Mortgage Minute" and through appearances on national television networks such as the FOX Business Network.

More information: http://transformationalmortgagesolutions.com/.

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Business, Free News Articles

Transformational Mortgage Solutions (TMS) Founder David Lykken Names Beth Ozenghar President and COO

AUSTIN, Texas -- Leading mortgage industry management consulting firm Austin, Texas-based Transformational Mortgage Solutions (TMS) today announced that it has named Beth Ozenghar its new president and COO. Ozenghar, whose mortgage career spans three decades, had been in the role of senior executive advisor with TMS since 2016. TMS Founder David Lykken will retain the title of founder and chief transformation officer, focusing on spearheading the firm's management consulting engagements.

While consulting with TMS for the last two years, Ozenghar also operated an independent mortgage advisory firm. Previously, she served more than a decade as vice president of correspondent lending for AgFirst Farm Credit Bank, where she was responsible for its correspondent division's operations, secondary marketing, underwriting, and servicing. Prior to that, she was vice president secondary marketing at Second National Bank of Warren, and secondary marketing manager at Signal Bank N.A.

"Beth Ozenghar's depth of mortgage expertise, as well as her consultative temperament, makes her ideal to serve as president and COO of TMS, both for operating our business and serving our treasured clients," said David Lykken. "In this era of unprecedented industry disruption and opportunity, mortgage lenders need experienced guidance from a trusted advisor like never before, and with Beth serving as president, TMS is ideally positioned to deliver on that need."

"I am thrilled with the opportunity to make a lasting difference in our industry as president and COO of Transformational Mortgage Solutions," said Beth Ozenghar. "David Lykken has built TMS into an amazing organization that helps mortgage businesses reach their highest potential by focusing on process improvement, people and profitability. Understandably, earning his trust and confidence has been no small accomplishment."

TMS consulting services focus on helping lenders improve processes to increase loan originations by performing operational "health checks" and executing efficiency assessments that help its clients fund more loans compliantly and accurately with the least amount of friction, and in the least amount of time. Specifically, lenders turn to TMS for services related to agency approval, warehouse line review/audits, policy and procedure assessment and creation.

Its executive coaching services' key objective is to increase net bottom-line earnings by creating a collaborative, cohesive, and consistent corporate culture in an environment where all employees feel valued, empowered, and become actively involved increasing the company's success.

Its communication services help its clients determine an ideal communications strategy by identifying, defining, and articulating their core go-to-market message, then help effectively, affordably, and efficiently communicate that message to their target audience.

For an appointment with Beth Ozenghar about TMS services during the 2018 Mortgage Bankers Association's Independent Mortgage Bankers Conference in Amelia Island, January 22 - 25, click here: https://app.hubspot.com/meetings/bozenghar.

About Transformational Mortgage Solutions:

Transformational Mortgage Solutions (TMS) is a management consulting firm providing a full range of advisory services to owners and executives of companies in the mortgage lending business. Our clients include banks, credit unions, and independent mortgage lenders, as well as companies providing financing/solutions/services to mortgage lenders. We are able to help companies regardless of size. We provide three main advisory services: consulting, coaching and communications.

Also, as a public service, TMS is dedicated to informing and educating industry professionals through the weekly "Lykken on Lending" podcast as well as providing speakers at conferences and other industry events and consumers through "Today's Mortgage Minute" and through appearances on national television networks such as the FOX Business Network.

More information: http://transformationalmortgagesolutions.com/.

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