The bank-owned PNC Mortgage Thursday confirmed that it hired mortgage industry veteran E. Todd Chamberlain as its president and chief operating officer beginning Aug. 8.

Earlier in the week the National Mortgage News website broke the news that Chamberlain had left Regions Financial where he served as executive vice president of that bank’s residential mortgage division.

Chamberlain will be based in Chicago and report to Sy Naqvi, chief executive officer of PNC Mortgage.

The bank also named Michael D. Greenwood executive vice president of servicing, a position he takes next week.

“Todd and Mike's depth of experience will help us manage the challenges of today’s mortgage banking environment and grow the mortgage servicing portfolio,” said Naqvi in a statement.

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