PMI Guaranty Co., a subsidiary of The PMI Group, Inc., has appointed Bonita Dorland as senior vice president and chief credit officer.PMI Guaranty, a double-A rated provider of credit enhancement for mortgages and other asset classes, was launched last month, expanding PMI's range of credit risk management and credit enhancement offerings..
In his new role, Dorland will have overall responsibility for the credit and underwriting approval function for PMI Guaranty. This includes oversight of insured portfolio risk in force. He will also lead the development of guidelines, policies and methodologies to minimize risk on new transactions. "As we expand our product offerings across the credit spectrum, effective risk management is a critical competency," said Art Slepian, chief executive officer of PMI Guaranty. "I'm confident that with Bonny's leadership we will establish PMI Guaranty as an industry leader."
