Post by Matt Kovach

President at Mylo Mortgage LLC | Building a Modern Independent Mortgage Bank

It’s been four months since my last post, so it feels like a good time to give an update. Only through an abundance of teamwork have we been able to accomplish so much in a short period of time: - Funded 192 units for $60 million from April to July - Successfully transitioned from broker-to-banker with nearly 100% of our new non-FHA business being originated in our name, on our warehouse lines. - Implemented Encompass, SimpleNexus, and Optimal Blue - Implemented an FTC Safeguard Rule-compliant information security program - Creating a revenue share program for our Originators not tied to company profitability - Creating our Business Unit Award Program designed to attract, retain and reward high-impact team members that contribute to the growth and success of the company. I mentioned in my last post the importance of finding people you have a deep cultural alignment with.  Because of that alignment we went so far as to include the last two bullet points in our Operating Agreement. There is a long list of companies and individuals that have been instrumental in getting us where we are so quickly, but I would like to give a special thanks to a few: Rachelle Rowan, CML and the entire Black, Mann & Graham LLP team. Chad Helmcamp, Kimberly Woodcock, CMB®, Joe DeDominicis and Kevin Murphy for sharing your knowledge and making introductions. Most importantly the amazing Mylo Mortgage team. To have an entire company fully aligned with where we are going and how we are going to get there has made this journey exciting.  I often get made fun of by setting off the office alarm at 4 AM (sorry Jason) or waking someone up with an email or text while they are sleeping (sorry everyone). I want you to know that I do this not out of necessity, but because I am truly excited to get started every day and work towards the next big goal. And this is only the beginning….