EXHIBIT 23.1
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                        CONSENT OF INDEPENDENT AUDITORS

We consent to the incorporation by reference in this Annual Report (Form 10-K)
of The PMI Group, Inc. of our report dated January 19, 2001, included in the
2000 Annual Report to Shareholders of The PMI Group, Inc.

Our audits also included the financial statement schedules of The PMI Group,
Inc. as of and for the year ended December 31, 2000 listed in Item 14(a). These
schedules are the responsibility of the Company's management. Our responsibility
is to express an opinion based on our audits. In our opinion, the financial
statement schedules referred to above, when considered in relation to the basic
financial statements taken as a whole, present fairly in all material respects
the information set forth therein.

We also consent to the incorporation by reference in:

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        Registration Statement            On
               Number                    Form
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        333-92636                         S-8
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        333-99378                         S-8
        -----------------------------------------------
        333-47473                         S-8
        -----------------------------------------------
        333-66829                         S-8
        -----------------------------------------------
        333-81679                         S-8
        -----------------------------------------------
        333-32190                         S-8
        -----------------------------------------------
        333-48035                         S-3
         ----------------------------------------------
        333-67125                         S-3
        -----------------------------------------------
        333-29777                         S-4
        -----------------------------------------------

of our report dated January 19, 2001, with respect to the consolidated financial
statements incorporated herein by reference, and our report included in the
preceding paragraph with respect to the financial statement schedules as of and
for the year ended December 31, 2000 included in this Annual Report (Form 10-K)
of The PMI Group, Inc.

/s/ Ernst & Young LLP

Los Angeles, California
March 28, 2001