California-based PMI Mortgage Insurance Co. announced the promotion of Tom Clancy to vice president of Loss Mitigation and Claims. Clancy was formerly director of Claims and Real Estate Owned.
Clancy will oversee loss mitigation, claims processing and settlement, real estate portfolio management, and delinquency servicing.
Clancy started at PMI in 2004 and has contributed to PMI’s loss mitigation, real estate owned, and claims areas, as well as default reporting.
The PMI Group Inc. is a provider of credit enhancement products that promote homeownership and facilitate mortgage transactions in the capital markets. Through its wholly owned subsidiaries and unconsolidated strategic investments, the company offers residential mortgage insurance and credit enhancement products domestically and internationally, financial guaranty insurance, and financial guaranty reinsurance.
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