PMSI Announces Leadership Transition to Support Its Next Chapter of Growth

HENDERSON, Nev.--(BUSINESS WIRE)--PMSI today announced its long-expected leadership transition designed to position the company for continued innovation and long-term growth while preserving the expertise and client focus that have defined the company for decades. Founder and long-time CEO Dan Thompson will transition to the role of Founder & Executive Chairman, and John Walsh, an independent member of PMSI's board of directors and former CEO of LERETA, DataQuick (acquired by CoreLogic), and Del Mar Database (now part of ICE Mortgage Technologies), will assume the role of Chief Executive Officer. Romalene Tolentino, Founder and President of PMSI, will continue with her current responsibilities.

Walsh brings more than three decades of executive leadership in mortgage servicing technology, real estate analytics, and information services. His experience building and leading highly respected mortgage technology companies brings tremendous depth to the PMSI leadership team. Prior to joining LERETA, Mr. Walsh was the CEO of DataQuick, a nationwide provider of real estate property information, analytics and mortgage settlement services from 2008 to 2015. Previously, he was president of Del Mar Database, a provider of technology solutions to residential lenders. He is also the former president of RF/Spectrum Decision Science Corp. and chairman and CEO at PureCarbon, Inc. Earlier in his career, Mr. Walsh held senior management positions at several mortgage companies and banks. He holds a Master of Business Administration from Harvard Business School and a Bachelor of Science Degree from California Lutheran College.

"This transition represents the next natural step in PMSI's evolution," said Thompson. "We've spent decades building a company known for solving some of the mortgage industry's most complex investor reporting and accounting challenges. As Executive Chairman, I will focus on corporate strategy, product and technology innovation, strategic partnerships, industry engagement, major client initiatives, and identifying new opportunities for long-term growth.”

"PMSI has earned an outstanding reputation for technical excellence, operational execution, and exceptional client service,” said Walsh. “I'm honored to join this talented team and build upon that foundation as we continue investing in technology, our people, and our customers."

PMSI's ownership, strategic direction, and unwavering commitment to clients remain unchanged.

About PMSI

For 25 years, PMSI has been a trusted partner for data-driven residential mortgage investor reporting and accounting. The company’s unique solutions help leading loan servicers improve operational efficiency without sacrificing quality while offering unmatched transparency into the underlying causes of investor cashflow errors. The company is based in Henderson, Nevada, and is privately held.