NMI Holdings Inc (NMIH) Financial

NMI Holdings, Inc. engages in the provision of private mortgage guaranty insurance. The company is headquartered in Emeryville, California and currently employs 230 full-time employees. The company went IPO on 2013-11-08. 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. The company 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. The company offers outsourced loan review services to mortgage originators through NMIS.