National Mortgage Insurance Corporation, a subsidiary of NMI Holdings, Inc. (NMIH), announced the promotion of Michael Dirrane to the position of senior managing director and chief sales officer.
Previously, Dirrane (pictured above) served as National MI’s senior managing director of government relations and managing director of national accounts.
“We are pleased to appoint a chief sales officer with Mike’s knowledge and expertise,” said Jay Sherwood, president of National MI. “His deep sales experience is an important asset to National MI’s leadership team as we continue to make strides in onboarding new customers and expanding our reach in the mortgage insurance industry.”
Prior to joining National MI, Dirrane served as an executive vice president with PHH Mortgage, where he led the company’s corporate sales, including retail, private label, wholesale and correspondent lending channels.
Earlier in his career, Dirrane also held senior management positions with GE Capital Mortgage Insurance, Fannie Mae, and Amerin Guaranty.
Additionally, Dirrane served 15 years as chairman of the Massachusetts Housing Finance Agency and currently serves as its vice chairman.
“I’m excited to take on this role with National MI, a company whose superior terms of trade are restoring investor confidence in the private mortgage insurance industry,” Dirrane said. “I look forward to working with our lender clients and helping National MI continue to grow.”
National MI also announced the appointment of Sharon Traumuller (pictured right) to the position of senior vice president of national accounts. In this role, Traumuller will be responsible for leading National MI’s sales efforts for the nation’s largest lending institutions, and will report to Dirrane, the company said.