NMI Holdings, Inc.

NMI Holdings operates as a private mortgage guaranty insurance provider serving the U.S. mortgage market. The company underwrites primary mortgage insurance policies that protect lenders against borrower default, enabling homebuyers to purchase properties with down payments below 20% without paying uninsured mortgage obligations. In addition to its core insurance underwriting, NMI provides outsourced loan review services to mortgage originators, offering quality control and compliance review functions.

The company distributes its mortgage guaranty insurance across a broad lender base, including national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and non-bank lenders. This diversified customer base reduces concentration risk while positioning NMI to capture demand across multiple distribution channels in the mortgage origination ecosystem.

Headquartered in Emeryville, California, NMI operates with approximately 225 full-time employees. The company was incorporated in 2011 and maintains its primary operations in the United States, where it underwrites mortgage insurance tied to residential home purchases and refinancing activity.