Vermillion Consulting Inc. and MBS Join Forces

- Industry leaders team-up to teach owners and managers how to succeed in today’s sub-prime market -

Atlanta, GA – Mar. 31, 2007 ­­– Dale Vermillion, founder and CEO of Grayslake, Ill.-based Vermillion Consulting, Inc., and David Lykken, founder and president of Horseshoe Bay, Texas-based Mortgage Banking Services Direct (MBS) announced their alliance aimed at educating sub-prime lending companies how to survive current market conditions.

This is in response to the recent influx of foreclosures and delinquency rates that have forced more than 24 lenders to close or sell their operations. 

Vermillion, a mortgage veteran once serving as director of a national mortgage company, and Lykken, founder of two regional mortgage banking companies, plan to share their knowledge from more than 50 years of combined industry experience on subjects ranging from sales conversion and differentiation, to investor relations and mortgage technology.

“What was once a time of feast, is now a time of famine for many in the mortgage industry,” said Vermillion. “David and I have a lot to share with mortgage professionals that will help them succeed in a market that has changed remarkably in the past year. Instead of focusing on what may happen, we are going to focus on what people can do to improve and succeed.”

Vermillion and Lykken will showcase their alliance at the Mortgage Champions® Leadership Summit – set to be held on Apr. 19-20, 2007 at the Newport Beach Marriott® Hotel & Spa in Newport Beach, Calif.

This two-day event will leverage more than 100 years of industry and business experience to cover a number of topics important to managers and business owners, including organizational structure, business efficiency, technology, team building, leadership, management and accountability.

About Vermillion Consulting Inc.

Vermillion Consulting Inc. is a Grayslake, Ill.-based sales, leadership and life management consulting firm dedicated solely to the mortgage lending industry.  The company, led by 24-year mortgage industry veteran Dale Vermillion, has worked with more than 100 mortgage businesses and trained more than 250,000 mortgage brokers, loan officers and wholesale account executives through its CreativEdge™, CreativEquity™, and Mortgage Champions® series of specialized consulting programs, live training sessions and interactive training tools. 

For more information regarding Vermillion Consulting, contact the company at 847-548-5737 or visit the company’s Web site at www.dalevermillion.com.  For more information regarding Mortgage Champions, visit www.mortgagechampions.com.

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