News Column

National MI Completes a Year of Growth

June 6, 2014

By a News Reporter-Staff News Editor at Real Estate Weekly News -- NMI Holdings, Inc., (NASDAQ: NMIH) the parent company of National Mortgage Insurance Corporation (National MI), a U.S. based private mortgage insurance company announced that National MI has signed master policies with 478 lenders -- including six of the country's largest lenders -- since the private mortgage insurer issued its first mortgage insurance commitments just over a year ago. During the same period, the company introduced a unique business model enabling it to offer groundbreaking new insurance coverage that shortened the industry standard timeframe for rescission relief from 36 months to just 12 months.

With the introduction of its National MI SafeGuard(SM) product late last year, the company is the first to deliver an innovative, cutting-edge solution for lenders that provides rescission relief after the borrower makes 12 timely payments. The company believes the underwriting and appraisal protection provided from day one gives customers greater assurance that their claims will be paid and can significantly reduce lenders' repurchase risk.

Keywords for this news article include: Mortgage, Real Estate, NMI Holdings Inc..

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Source: Real Estate Weekly News

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