As Market Stabilizes, Mortgage Insurer PMI Adds Sales Staff
The PMI Mortgage Insurance Co., the primary operating subsidiary of The PMI Group (PMI), added four executives to its mortgage insurance sales team in response to improving market conditions, the firm said. "With the market stabilization, we're seeing increased activity and demand of our insurance coverage and are taking steps to ensure we continue to provide best in class service to our clients," said Pete Pannes, senior vice president of field sales and national accounts, in a statement. Pannes added that "making this commitment now indicates our confidence in both our business and the market." PMI added Dave McGill to cover Utah and Northeast Nevada. He brings 10 years of experience in the Utah mortgage market, most recently as an account executive with Wells Fargo (WFC) and, before that, at CitiMortgage. Dan Putney, a 10-year veteran of the mortgage industry, will cover Upstate New York for PMI. He previously held positions of vice president, area sales manager, and wholesale and correspondent account executive for First National Bank of Arizona. Also joining PMI is Brian Rowland, who will cover Kansas, Oklahoma, Western Missouri and Northwestern Arkansas. He brings 15 years of industry experience to the role, including 12 years with CIT Group (CIT) and various lending divisions of Oak Street Mortgage, Aegis Mortgage Corp. and Wells Fargo. Dave Stephan, a 22-year veteran of the mortgage industry, will cover Wisconsin and upper Michigan for PMI. Write to Diana Golobay. Disclosure: the author holds no relevant investments.