PMI Mortgage Insurance Co., the nation's second largest MI in terms of policies-in-force, said it is expanding its sales staff nationwide, adding executives to four key regions in response to improving market conditions.
The new hires come from a variety of backgrounds and worked for both prime and nonconforming lenders.
The four are Brian Rowland (ex-CIT Group, Oak Street Mortgage, Aegis Mortgage Corp.), Dave McGill (ex-Wells Fargo, CitiMortgage), Dan Putney (ex-First National Bank of Arizona), and Dave Stephan, who worked for a mortgage software development company (PMI did not identify the firm).
Rowland will cover Kansas, Oklahoma and related markets, with McGill focusing on Utah and northeast Nevada. Putney's territory includes upstate New York. Stephan will cover Wisconsin and upper Michigan.
At March 31 PMI had $151 billion of insurance-in-force.
Among policy writers, it ranked fifth nationwide out of six firms, according to figures compiled by NMN and the Quarterly Data Report.
