(Excerpt from MarketLogics 5/5/15) It is amazing how mortgage banking is so entrepreneurial, compared to the lack of innovation from the other industries that are government-regulated utilities. Think about airlines. How many think that the airline industry is making too much money today? It was a utility. It became a for-profit business that could not control costs until after a…
Author: Les Parker
Les Parker, CMB, (Guest Blogger) is currently managing director of Transformational Mortgage Solutions and served previously as Senior Vice President of Industry Relations and Consulting at LoanLogics
He understands the relationship between risk management and quality assurance, which is the foundation of the new highly regulated secondary market.
Prior to LoanLogics, Mr. Parker was president of PARKER & COMPANY which was founded in February 1994 and was acquired by LoanLogics in September, 2013.
For over thirty years, Parker has been active in ministry and is currently the chaplain for the Fellowship of Real Estate Executives, FREE.
Parker has written numerous articles and has made various presentations on an array of mortgage banking topics for organizations including Fannie Mae, Mortgage Bankers Association, National Mortgage News, Chicago Board of Trade, New England Mortgage Banking Conference, Appraisal Institute and regional thrift and banking conferences.