National MI Surpasses 1000 Lender Customers
"Surpassing the 1,000-lender mark is a great milestone for National MI," said
National MI has also seen growth in new insurance written (NIW) and market share. "We tripled our market share in 2015 and we were the only mortgage insurer that consistently grew NIW every quarter in 2015," Shuster noted.
The company led the industry in 2013 by developing strong and clear terms of coverage. National MI was the first company to offer 12-month rescission relief on most insured loans, through its National MI SafeGuard® coverage, protecting lenders from coverage rescissions and denials upon borrowers making their first 12 timely monthly mortgage payments.
Most recently, National MI was the first mortgage insurer to introduce a nationwide, disciplined, risk-based pricing structure to address the strengthened capital standards of the Private Mortgage Insurer Eligibility Requirements (PMIERs). "On
About National MI
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements about future, not past, events and involve certain important risks and uncertainties, any of which could cause our actual results to differ materially from those expressed in our forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding National MI's positioning for future performance. More information about the risks, uncertainties and assumptions affecting National MI can be found in the risk factors and forward-looking statements cautionary language contained in our Annual Report on Form 10-K and in other filings made with the
Strategic Vantage Mortgage Public Relations
Vice President, Investor Relations and
News Provided by Acquire Media