SAN RAMON, Calif., Aug. 05, 2022 (GLOBE NEWSWIRE) — CMG Financial Chief Compliance Officer Tara Pettersen was honored by HousingWire as one of its 2022 Women of Influence. This annual award recognizes women of the housing sector who are making notable contributions to their companies and the sector in general. Tara was honored for her inspirational leadership, caring mentorship and ability to transform her department to better protect the company and its consumers from risk or loss.
Since joining CMG in 2014, Tara has made a distinct impact both professionally and personally. He initially joined CMG to manage licenses but quickly moved to Fraud Manager. With his talent and experience, he transformed the entire compliance department by redesigning its framework, hiring and training more than 50 new team members and establishing a risk management department. She eventually rose to the role of senior vice president (SVP) of risk management, but it didn’t take long for her to become the company’s chief compliance officer. Despite the massive growth she has overseen in her department, Tara still prioritizes building strong relationships with everyone on her team. As a leader, he recognizes that to get the best out of his team, he must invest in them, not just as employees but as people.
“Throughout Pettersen’s 29-year career, he has maintained a distinct leadership style that inspires those around him to achieve greatness,” HousingWire states. “She guides risk managers with grace and kindness, acting as an instrumental aid in their career development.”
Tara’s oversight of the QA area has proven successful for investors, identifying potential loan errors and addressing how CMG aims to reduce origination risk. It has made extensive efforts to ensure that counterparties and suppliers meet their contractual obligations. Through her efforts in recent months, Tara has improved CMG’s regulatory compliance framework and ensured the company operates within agency guidelines and investor agreements. This is evidenced by CMG’s ability to maintain more than 4,000 state licenses nationwide while adding several programs and lending initiatives over the past year. Both these initiatives and program efforts required extensive structuring and compliance coordination in order to adhere to various federal and state regulations.
“Among their notable achievements, these women are using their platforms to support and empower others in the industry while improving processes that can provide greater access to homeownership for women,” writes Lesley Collins , director of the Editor’s Choice Awards HousingWire program. “Congratulations to this year’s winners.”
To learn what it’s like to work with inspiring leaders like Tara, visit: www.cmgfi.com/careers/recruiting.
About CMG Financial
CMG Financial is a well-capitalized private mortgage banking company founded in 1993. The company makes its products and services available to the market through three distinct origination channels: retail loans, wholesale loans and correspondence loans.
CMG Financial currently operates in every state, including the District of Columbia, and has federal agency loan approvals with HUD, VA, RHS, GNMA, FNMA and FHLMC. In the mortgage banking and housing markets, CMG Financial is widely recognized for responsible lending practices, industry and consumer advocacy, product innovation and operational efficiency.
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Tara Pettersen, Chief Compliance Officer at CMG Financial and 2022 HousingWire Woman of Influence
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