NMI (NASDAQ:NMIH) Holdings, Inc. (NASDAQ: NMIH) is a U.S.-based mortgage insurance company that underwrites primary and reinsures mortgage insurance for residential mortgage loans. The company operates through its subsidiaries National Mortgage Insurance Corporation and NMI Mortgage Insurance Company, offering credit enhancement solutions designed to protect lenders and investors from borrower default risk. NMI’s offerings support loans insured by the Federal Housing Administration (FHA), Department of Veterans Affairs (VA), U.S. Department of Agriculture (USDA) and conventional mortgage programs.
The company’s product suite includes traditional primary mortgage insurance policies for high loan‐to‐value conventional loans as well as government‐guaranteed products for FHA, VA and USDA originations. In addition to its primary MI solutions, NMI provides co‐insurance and risk‐sharing programs that enable lenders to retain a portion of the mortgage risk while transferring the remainder to NMI. This diversified set of offerings aims to give lenders flexible risk management tools across different loan types and borrower profiles.
NMI’s operations span all 50 states, operating under approvals from major governmental and housing finance agencies, including the FHA, VA, USDA, Fannie Mae and Freddie Mac. The company prides itself on its data analytics and technology infrastructure, which support automated underwriting capabilities and streamlined policy issuance. By leveraging advanced loss forecasting and collateral valuation models, NMI seeks to enhance risk assessment accuracy for its mortgage insurance portfolio.
Founded in 2012, NMI went public in early 2020 to support its growth strategy and expand its product offerings. The firm is led by President and Chief Executive Officer Ryan G. Schraeder, who has overseen its development from a regional mortgage insurer into a national provider of primary and reinsuring MI solutions. Under his leadership, NMI continues to focus on disciplined risk management, operational efficiency and strategic partnerships with lenders nationwide.
