NMI Holdings, Inc. Appoints John Erickson as Independent Member of Board of Director
September 14, 2023 at 05:01 pm
Share
NMI Holdings, Inc. announced that John Erickson has been appointed as an independent member of its Board of Directors, effective immediately. National MIs Board increases to ten members with Mr. Ericksons appointment. Mr. Erickson is a seasoned finance executive with four decades of experience in the financial services industry. Mr. Erickson served for over 30 years at Union Bank, N.A., where he held a range of leadership roles, including as Vice Chairman, Chief Corporate Banking Officer with responsibility for the organizations Commercial Banking, Real Estate Industries, Global Treasury Management, Global Capital Markets, and Wealth Management divisions, and as Vice Chairman and Chief Risk Officer. He also served as President of Consumer
Banking and President of the California market for CIT Group, Inc. Mr. Erickson currently serves on the Boards
of Bank of Hawaii Corp. and Luther Burbank Corp. He previously served as a director of Zions Bancorporation
N.A. Mr. Erickson holds a bachelors degree with an emphasis in economics and an M.B.A. with an emphasis in
finance from the University of Southern California.
NMI Holdings, Inc. provides mortgage insurance (MI) through its wholly owned insurance subsidiaries, National Mortgage Insurance Corporation (NMIC) and National Mortgage Reinsurance Inc One (Re One). NMIC is its primary insurance subsidiary and is licensed to write MI coverage in all 50 states and District of Columbia (D.C.). Its subsidiary, NMI Services, Inc. (NMIS), provides outsourced loan review services to mortgage loan originators. It offers two principal types of MI coverage, primary and pool. Primary MI provides default protection on individual mortgage loans at specified coverage percentages. All its primary insurance is written on first-lien mortgage loans, with nearly all secured by owner-occupied single-family homes (defined as one-to-four family homes and condominiums). Pool insurance is generally used to provide additional credit enhancement for certain secondary market mortgage transactions. It offers outsourced loan review services to mortgage originators through NMIS.
NMI HOLDINGS, INC. 
