Board Elections

Tara Somerset, AMP


Michael Wolfe, AMP

Responsible for residential servicing operations across the country, Tara brings more than 20 years of operations management experience to her role as Director, Residential Servicing for CMLS Financial Ltd. Prior to joining CMLS in 2015, Tara held managerial positions at several leading organizations in the residential mortgage industry. She has a deep background in mortgage lending and servicing, and in her most recent role, was responsible for a variety of operations including underwriting, loss mitigation, and investor servicing.

Tara has also played key roles in large-scale initiatives, such as integrating new platforms for servicing, property taxes, collections, and customer service. She has significant experience in training and development, and has earned certificates in Six Sigma methodology, project management, and business administration.

Tara moved to Calgary, Alberta in 1981, where she has raised a family. Before joining the mortgage industry, Tara was the Operations Manager at a leading turnkey manufacturing company, specializing in telecommunications, and helped oversee nearly 300 employees.

Over the past 14 years, Tara has been involved in many different aspects of mortgage lending, from working with brokers directly in an underwriting capacity, to working with the regulators and investors.

Throughout this time, it has been of the utmost importance to Tara to focus on the customer and how they are best served through a broker relationship, and from lenders focused on doing what is right for Canadians. “As an Albertan, mortgage professional, and homeowner, being involved is important to me. My career has been a busy one, full of travel and deadlines, and managing this while raising a family was challenging. Now that my children are both grown and successfully on their own, it’s the perfect time to take a more active approach to my business community outside of day to day operations.”


The best way for the mortgage broker channel to become the clear choice for consumers is for the industry to commit to continuous improvement. A passionate believer in connecting and collaborating with his colleagues to better our industry, Michael Wolfe of Equitable Bank is an advocate for his peers and their ultimate success.

Backed by more than 16 years of experience in the mortgage lending industry, Michael has played a key role as a member of the Executive Committee on the Mortgage Professionals Canada Board of Directors over the past year As Secretary and Alberta Mortgage Brokers Association representative, he has provided a strong voice for Alberta brokers and lenders while advancing important collaborative discussions between Mortgage Professionals Canada and AMBA - working to streamline their efforts within the province and strengthen the industry’s voice nationally.

Ensuring members’ needs are always top of mind, Michael intends to lead discussions about innovative new ways to foster lender/broker relationships and add value to events. He is dedicated to growing his own leadership skills through active engagement, and helping you grow your business through his efforts.

Michael has been a champion of government relations advocacy and a strong backer of the AMP designation. He hopes to continue to expand the relationship between the national and provincial associations by serving as Mortgage Professionals Canada's representative on the AMBA board — with an ambitious vision of joint membership that will better serve both associations and their supporters.

Spanning two decades in a variety of sales and credit-related positions, Michael joined Equitable Bank in 2006 as Senior Manager, Residential Mortgages and currently leads the Western Canada team as Director, Residential Mortgage Underwriting.

Michael holds an MBA from Queen’s University’s Smith School of Business, where he focused his studies on enhancing corporate culture and performance. Placing a high priority on sustainable performance, Michael attributes his team’s success to sound judgement, teamwork, and constant development of their knowledge of the mortgage industry. He strongly believes the long-term health of the industry is made possible through lofty standards and continuous education.

Post    Board Elections