Mon Jul 22 13:51:04 EDT 2024
HomeBlogParadigm Shift: 2014 Is A Brave New World

Paradigm Shift: 2014 Is A Brave New World

People ask me all the time, "Where are we going to be next year?" To answer the question properly requires the knowledge of whom the we is. A classic case-in-point: Many people presuppose that Management and Leadership are one in the same. The reality is that Management is doing things right; Leadership is doing the right things.

Innovation is the mother of necessity. If you look at the Mortgage Field Services Industry today, we are lacking in both Management and Leadership. Ten years ago the National Association of Mortgage Field Services (NAMFS) was a pivotal force in the establishment of baselines. Today, NAMFS has become complacent; this is not to say NAMFS is beyond salvage, this is to say that NAMFS simply has become disengaged from the Mortgage Field Services Industry and beholden to the token fiduciary relationships with what I consider questionable partners.

Two things are going to happen. First, as I predicted at the beginning of last year, there is going to be consolidation. Now, the Membership of the National Association of Mortgage Field Services laughed at me. I predicted the sale of Lender Processing Services (LPS) and it came to pass. I predicated the assimilation of the Super Regionals --- Mortgage Contracting Services (MCS), Asset Management Specialists (AMS) and Field Asset Services (FAS) --- and thus they have.

I predicted LONG BEFORE the Mortgage Field Services Industry admitted that there would be a constriction in Work Orders. We are there. I further predicted that Dodd - Frank would have everyone in a state of paranoia because the Industry, by in large, has been ran quasi legally for years. Lo and behold, here we are.

I further predicated that

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Paul Williams
Paul Williams
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