CMG Financial Welcomes Tim Parent as Vice President of Project Standards
CMG Financial, a well-capitalized, privately held mortgage-banking firm, continues its national expansion with the addition of Tim Parent to its management team. Parent will serve as Vice President of Project Standards to focus on growing condo and co-op lending. In his previous roles, Parent has proven his ability to build new business and push departments to their full growth potential.
After earning his degree in Economics and Mathematics, Parent has worked in the mortgage banking industry for the past seven years. He previously held management positions at Guaranteed Rate and the Federal Savings Bank. At the Federal Savings Bank, he grew the condo review department from the ground up through his innovative leadership and forged strategic relationships with national builders.
Parent is also a licensed real estate continuing education instructor from the Illinois Department of Financial and Professional Regulations. His ambition drives him to always be learning, expanding, and diversifying his professional activity.
“It’s no secret that lending in condo projects can make the mortgage transaction slightly more difficult,” Parent stated, “However, at CMG we want to breed a culture that excels in condo lending. Instead of looking at it as a difficulty, we will be working throughout all levels of the company so it becomes a strength of our lending capabilities. By making some internal process changes, bringing project level FHA, VA, and PERS approvals in-house, and producing more marketing and education for our originators and realtor partners, we expect to bring condo lending to the forefront of CMG’s business.”
“As CMG continues to expand its retail footprint, we are excited to welcome Tim Parent as our Vice President of Project Standards,” said Charlie Rogers, Senior Vice President of Retail Lending, “Tim’s expertise in finding solutions for hard to approve condominium projects will facilitate our growth efforts.”
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About CMG Financial
CMG Financial is a well-capitalized, privately held mortgage-banking firm founded in 1993. The company makes its products and services available to the market through three distinct origination channels including Retail Lending, Wholesale Lending, and Correspondent Lending.
CMG Financial currently operates in most states, including District of Columbia, and holds federal agency lending approvals with HUD, VA, RHS, GNMA, FNMA and FHLMC. Throughout the mortgage banking and housing markets, CMG Financial is widely known for responsible lending practices, industry and consumer advocacy, product innovation, and operational efficiency.