The PMI Group, Inc. said Monday that it had hired Jon Ballard as vice president of field servicing, where he will oversee homeownership preservation and loss-mitigation activites at the company. "PMI is committed to being a market leader in preserving home ownership, customer service and loss mitigation. Hiring an executive like Jon, with twenty five years of experience in the mortgage banking industry, is an important part in fulfilling that commitment," said Gene Campion, a senior vice president at PMI. Ballard comes to PMI from Radian Guaranty, Inc., where he served most recently as vice president of mortgage risk. While at Radian, Ballard developed insurable risk guidelines and was responsible for loss mitigation, counterparty servicing, credit policies, transaction and portfolio analysis, and international mortgage risk policy. Prior to Radian, Ballard held several management positions, including assistant vice president of default servicing at Citizens Federal Bank in Florida. For more information, visit http://www.pmigroup.com.