NMI Holdings, Inc.

US private mortgage insurer protecting lenders against borrower default

What NMI does

NMI Holdings sells private mortgage insurance in the United States. This insurance protects mortgage lenders if a homebuyer stops paying their loan, and it often lets borrowers buy a home with a smaller down payment. The company also offers outsourced loan review services to mortgage originators.

How NMI makes money

It earns insurance premiums on the mortgages it insures and investment income on the premiums it holds, and it pays claims when insured borrowers default. It also earns fees for outsourced loan review services.

Products & services

• Primary mortgage insurance
• Private mortgage guaranty insurance
• Outsourced loan review services