NMP - September 2016 - 47

could be better spent getting things done. When you're talking about work, the thinking goes, you aren't actually working. This may be true in certain contexts but, when it comes to your leadership team, meeting as often as possible is absolutely essential. In a way, this all goes back to trust. It's fairly common knowledge that the more time you spend with people, the more you come to trust them. If the members of your leadership team only spend time in their own departments and never meet with other leaders, how can they really begin to trust one another? Another important reasons that leaders should continually meet together, though, is interdepartmental communication. Misunderstandings are all too easy in the workplace. If your leadership team seldom gets together to discuss what's going on in the business, how are the supposed to know what's going on in each department? Meeting together on a regular basis gives the team members the opportunity to understand the business from one another's perspective. have worked in your organization for years not only know your organization well, but they have also demonstrated loyalty and you can trust that they will likely stick around. If you must hire for your leadership team from outside your organization, try to seek out candidates who have been with their previous employers for a reasonable length of time. Leadership is all about the long game; you need people on your team who can stick it out. strong leadership team, but this should be a good start. The important thing is to remember that there really is no such thing as the "self-made man" (or woman). Every leader relies on There are many other important factors in building a David Lykken, a 43-year veteran of the mortgage industry, is president of Transformational Mortgage Solutions (TMS), a management consulting firm that provides transformative business strategies to owners and "C-Level" executives via consulting, executive coaching and various communications strategies. He is a frequent guest on FOX Business News and hosts his own weekly podcast called "Lykken on Lending" heard Monday's at 1:00 p.m. ET at LykkenOnLending.com. David's phone number is (512) 759-0999 and his e-mail is David@TMS-Advisors.com. Land More Small-Balance Commercial Mortgages Offer your clients smart solutions from Silver Hill. Partner with a proven national lender and make a big impact on your bottom line. Our team's experience has helped professionals like you close and fund more than 35,000 transactions. Make the jump. See rates and property types at silverhillfunding.com or call us at 888-988-8843 Silver Hill Funding is a Division of Bayview Loan Servicing, LLC. NMLS# 2469. 4425 Ponce De Leon Blvd. Coral Gables, FL 33146 Copyright 2016 Bayview Loan Servicing, LLC. SHF-0400-002-04 Silver Hill Funding programs are offered to qualified commercial lending institutions and are not applicable to the general public and/or individual consumers. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Programs may be cancelled or modified at any time without any prior notice. Programs may not be available in all jurisdictions. Licensing information may be found at www.bayviewloanservicing.com n National Mortgage Professional Magazine n SEPTEMBER 2016 Loan amounts from $250k to $1 Million 47 NationalMortgageProfessional.com Share resources and insights It's important that the members of your leadership team view themselves more collaboratively than they do competitively. When they see one another as threats, they will conceal information from each other. Then, because each department is doing its own work in isolation, you end up duplicating a lot of expenses and procedures. When the members of your team see themselves as an actual team, though, they will share resources and insights with one another. When this happens, you will find redundancies in your organization that you can eliminate and your organization will be made better off all around. The members of your team must be of the mindset that if it's better for the organization, then it's better for them as well. Value commitment One final thing to call attention to is the importance of placing committed individuals on your leadership team. You want to have people in place who have demonstrated a long-term dedication to your organization and its values. Otherwise, you will constantly find yourself having to retrain people and backfill the implementation of strategic objectives. When you can, promote from within. People who others to support their success. As a leader, you are only as good as those with whom you surround yourself. Build a great leadership team, and you will truly be unstoppable. http://www.LykkenOnLending.com http://www.NationalMortgageProfessional.com http://www.silverhillfunding.com https://www.bayviewloanservicing.com/

Table of Contents for the Digital Edition of NMP - September 2016

Table of Contents
NMP - September 2016 - Cover1
NMP - September 2016 - Cover2
NMP - September 2016 - 1
NMP - September 2016 - Table of Contents
NMP - September 2016 - 3
NMP - September 2016 - 4
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NMP - September 2016 - 6
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NMP - September 2016 - Cover3
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