Merkle’s performance has been so outstanding, the company promoted her from chief operating officer to president and from president to CEO in the past year alone. She’s now the only female CEO in the private mortgage insurance industry. Under Merkle’s leadership, National MI delivered record 2018 fourth quarter financial results, capping a year of standout success in customer development, portfolio growth, risk management, and financial performance. National MI was recently named a Great Place to Work by Fortune Magazine, for the fourth straight year. Merkle credits her success as a leader to her excellent analytical and problem-solving skills, her ability to listen carefully to others, and a “roll up your sleeves management style.” As she has said, “One of the most important lessons I’ve learned along the way is that you really have to care about other people’s success, not just your own. Caring goes hand in hand with leadership and authentic followership.” Prior to National MI, she served as vice president of national and regional accounts, risk and operations at PMI Mortgage Insurance.
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The question on everyone’s minds: When will this hot housing market cool down? Arch MI investigates this and more in its Spring Housing and Mortgage Market Review.
The average 30-year fixed-rate mortgage rose nine basis points from the week prior to 3.02%, according to data released Thursday by Freddie Mac‘s PMMS. This is the first time in ten weeks mortgage rates have risen above 3%.