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Timothy Parent

Mortgage Banking
Bachelor of Arts in Economics, Minor in Mathematics
Class of 2010
Alma Mater:

http://adrian.edu/

Independent Alum of the Day

Tim Parent graduated from Adrian College in 2010 where he majored in economics and minored in mathematics. He is nowthe Vice President of Project Standards at CMG Financial, and reports directly to the Chief Credit Officer, Peter Gilbert.

Tim is responsible for leading condo loan production growth throughout the United States. He joined CMG in March of 2017 and previously held condo underwriting leadership positions at The Federal Savings Bank and Guaranteed Rate. Tim and his team approve every condo loan CMG funds, and work directly with sales in approving condo projects for builders, developers, private equity and bank partners. His team has partnered with several national developers and helped create numerous preferred lender relationships nationally. Additionally, Tim and his team work directly with the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) to approve condo projects for government loan delivery.

Tim 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 Federal Housing Administration (FHA), VA, and Public Employee' Retirement System (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.”


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