David Lykken discusses trends in mortgage lending and the rise of AI
Industry veteran David Lykken addresses questions about the challenges and opportunities community financial institution mortgage lenders face in the year ahead and how artificial intelligence will revolutionize the industry.
Mortgage lenders face formidable challenges in 2025, from housing inventory and affordability to rising costs and firce competitoion. In addition, articicial intelligence is poised to revolutionize the industry and requires serious examination.
David Lykken, a 51-year veteran of the mortgage marketplace, has owned and operated three mortgage banking companies and is a leading industry consultant. In this market commentary he explores significant competitive and regulatory trends facing the industry, the benefits if deploying AI in your institution and how automated underwriting will set apart lenders.
