Remarkable Experience

At National MI, we have assembled a team of seasoned mortgage industry executives who are excited at the prospect of delivering a suite of new offerings with a level of client service that will set new standards for the industry.

brad-2Bradley M. Shuster
Chairman of the Board and Chief Executive Officer
Mr. Shuster currently serves as Chairman of the Board and Chief Executive Officer of NMI Holdings, Inc. (NASDAQ: NMIH) and its principal subsidiary, National Mortgage Insurance Corporation (National MI), positions he has held since 2012. From 2008 to 2011, Mr. Shuster has held various consulting positions assisting private investors with evaluating opportunities in the insurance industry. Mr. Shuster was an executive of The PMI Group, Inc. (‘‘PMI’’) from 2003 to 2008, where he served as president of International and Strategic Investments and chief executive officer of PMI Capital Corporation. Prior to that, he served as PMI’s executive vice president of Corporate Development and senior vice president, treasurer and chief investment officer. Mr. Shuster was responsible for PMI’s international operations, coordinating both acquisitions and de novo operations in diverse markets including Australia, Canada, Europe and Hong Kong. Prior to leaving PMI, Mr. Shuster was instrumental in the sale of PMI’s Australian operations to QBE Group, a global insurance company, for approximately $1 billion. Before joining PMI in 1995, Mr. Shuster was a partner at Deloitte LLP, where he served as partner-in-charge of Deloitte’s Northern California Insurance Practice and Mortgage Banking Practice. He holds a B.S. from The University of California, Berkeley and an M.B.A. from The University of California, Los Angeles.

claudia-2Claudia J. Merkle
Chief Operating Officer

Ms. Merkle serves as Chief Operating Officer (COO) for National MI. She oversees underwriting, operations, servicing, sales, marketing and business development. Ms. Merkle joined National MI in May 2012 as Senior Vice President of Underwriting Fulfillment and Risk Operations, was promoted to Executive Vice President of Insurance Operations in 2013, and appointed COO in 2016. A seasoned mortgage industry executive, Ms. Merkle draws on 25 years of experience in mortgage banking, mortgage insurance, business development and operations. Prior to National MI, Ms. Merkle served as Vice President of national and regional accounts, risk and operations at PMI Mortgage Insurance Co., (“PMI”) from 1996 to 2012. She has held previous executive leadership positions within the mortgage banking and mortgage insurance industries, including national and regional business development, operations and risk management. Earlier in her career, Ms. Merkle served as Vice President, regional manager at Meridian Mortgage, managing retail mortgage originations. She also held roles at Wachovia Bank in training, retail mortgage origination, underwriting, operations and Community Reinvestment Act lending. Ms. Merkle holds a B.S. in management from the Wharton School of Business, University of Pennsylvania.

Glenn Farrell
Executive Vice President and Chief Financial Officer
Mr. Farrell serves as Executive Vice President and Chief Financial Officer for National MI. Prior to National MI, he was an audit partner with KPMG LLP, a global accounting and advisory firm, where he served in several leadership positions during his tenure of nearly 35 years at KPMG, including audit practice leader and partner-in-charge of the firm’s Northern California business unit. Throughout his career at KPMG, Mr. Farrell served as a senior advisor to a wide range of clients, both global and U.S.-based, from start-ups to Fortune 1000 companies. Mr. Farrell holds a CPA designation, a B.A. degree from Amherst College, Massachusetts, and an M.B.A. in finance and accounting from the Anderson School of Management at the University of California, Los Angeles.

bill-2William  J. Leatherberry
Executive Vice President, General Counsel
Mr. Leatherberry serves as Executive Vice President and General Counsel for National MI. He has nearly 20 years of experience in corporate law, including mergers and acquisitions, securities law, corporate governance and compliance oversight. Prior to National MI, Mr. Leatherberry served as executive vice president, chief legal officer, general counsel and secretary for Century Aluminum, a publicly-traded primary aluminum company with over $1.5 billion in revenues. Mr. Leatherberry began his career as a corporate associate with the law firm Jones Day. He earned a B.A. in business management and an M.B.A. from the University of Texas. He earned his J.D. from Southern Methodist University in Dallas, Texas.

pat-2Patrick Mathis
Executive Vice President, Chief Risk Officer

Mr. Mathis has served as our Executive Vice President and Chief Risk Officer since 2012. He oversees and manages risk and internal audit for National MI. He has over 25 years of experience in the insurance, mortgage and financial industries, including executive level positions in the areas of risk and credit management. Prior to National MI, Mr. Mathis served as senior vice president, head of credit risk management for PMI Mortgage Insurance Co., (‘‘PMI’’) from January 2009 to May 2012. In that capacity, he managed loss reserving, credit policy formulation and quality control for PMIC underwriters as well as for loans underwritten by customers on a delegated basis. Previously, from January 2005 to December 2008, Mr. Mathis served as senior vice president, chief risk officer at PMI Capital Corporation. In that role, he held oversight responsibility for international mortgage insurance subsidiaries in Australia, Europe, Hong Kong and Canada. Earlier in his career, Mr. Mathis held executive roles in credit and insured portfolio management at XL Capital Assurance and MBIA, Inc. Mr. Mathis holds a B.A. from the University of North Carolina-Chapel Hill and an M.B.A. from the University of Texas-Austin.

pete-2Mary Lee Sharp
Senior Vice President, Chief Human Resources Officer

Ms. Sharp serves as Senior Vice President of human resources for National MI, a position she has held since 2014.  She works closely with the CEO and the executive staff to provide strategic direction on all aspects of human resources and the workplace. Ms. Sharp has over 20 years of experience in senior level positions in human resources. Prior to National MI, she served as EVP of human resources at Financial Engines, an independent investment advisor that provides investment and retirement advice to the employees of some of the biggest companies in the US. Previously, Ms. Sharp served as VP of human resources for Omnicell Inc., a healthcare systems and software solutions provider. Earlier in her career, she held executive positions in human resources at Sybase Inc., a global enterprise software company, and Panalpina Inc., a global transportation and logistics corporation. Ms. Sharp received a J.D. from Santa Clara University School of Law and a B.A. degree in political science and public affairs from the University of Denver.