National MI began with a promise to restore trust in the mortgage industry. We are keeping that promise. We move MI forward through innovation, take a straightforward approach to both our products and practices to ensure lenders' confidence in the loans they place with us, and treat every customer as if they are our only customer.
We've established credibility in the industry by building a strong company with no legacy risk, demonstrating a track record of performance and growth, and delivering innovative mortgage solutions that are clear and concise.We help more people realize the dream of getting into a home, which contributes to the revitalization of our economy and residential communities.
Pioneering 12 month rescission relief: Rescission relief after 12 timely borrower payments, providing peace of mind and certainty of coverage to lenders. Offering the best terms of coverage: Unsurpassed investigation relief and appraisal overstatement protection - for no surprises. Pledging a sensible and fair underwriting approach: A Sensible Servicing approach in which we commit to an intention not to investigate and rescind coverage by considering "life events.".
We've established credibility in the industry by building a strong company with no legacy risk, demonstrating a track record of performance and growth, and delivering innovative mortgage solutions that are clear and concise.We help more people realize the dream of getting into a home, which contributes to the revitalization of our economy and residential communities.
Pioneering 12 month rescission relief: Rescission relief after 12 timely borrower payments, providing peace of mind and certainty of coverage to lenders. Offering the best terms of coverage: Unsurpassed investigation relief and appraisal overstatement protection - for no surprises. Pledging a sensible and fair underwriting approach: A Sensible Servicing approach in which we commit to an intention not to investigate and rescind coverage by considering "life events.".
Services
Private mortgage insurance enables borrowers to gain access to the housing market more quickly, by allowing down payments of less than 20 percent, and it protects lenders against loss if a borrower defaults.
The ability to originate loans for borrowers with less than a 20% down payment is critical to serving first time homebuyers and expanding the opportunity of homeownership.
With affordable home prices and low interest rates, this is a great time for buyers to enter the market.
Private mortgage insurance allows buyers to purchase homes sooner while providing safer loans for lenders.
The ability to originate loans for borrowers with less than a 20% down payment is critical to serving first time homebuyers and expanding the opportunity of homeownership.
With affordable home prices and low interest rates, this is a great time for buyers to enter the market.
Private mortgage insurance allows buyers to purchase homes sooner while providing safer loans for lenders.
National MI was built to serve the lending community, the housing industry, and ultimately, our residential communities by helping more people realize the dream of responsible home ownership and restoring confidence in the private mortgage insurance industry.
From building a solid financial position with no legacy risk, to our capacity to insure your new business, National MI has financial strength and stability.
The company evolved out of the ashes of a recession by assembling industry experts, innovative products and systems fostered by a straightforward approach and ensuring confidence in the loans that are placed with us.
From building a solid financial position with no legacy risk, to our capacity to insure your new business, National MI has financial strength and stability.
The company evolved out of the ashes of a recession by assembling industry experts, innovative products and systems fostered by a straightforward approach and ensuring confidence in the loans that are placed with us.
Please refer to National MI's Underwriting Guideline Manual and Master Policy for a complete description of policies and requirements.
FHA mortgage insurance premiums have nearly doubled since 2008.
A borrower now has to pay $17,398 in premiums during the first five years after the purchase of a median-price home ($212,100), compared to just $9,210 in 2008.1.
The recent decision by the FHA to lower annual mortgage insurance premiums will delay the ability of FHA to attain the 2 percent minimum capital ratio of risk insured that they are required to maintain.
FHA mortgage insurance premiums have nearly doubled since 2008.
A borrower now has to pay $17,398 in premiums during the first five years after the purchase of a median-price home ($212,100), compared to just $9,210 in 2008.1.
The recent decision by the FHA to lower annual mortgage insurance premiums will delay the ability of FHA to attain the 2 percent minimum capital ratio of risk insured that they are required to maintain.
National MI is excited to bring you the latest in risk-based pricing technology - Rate GPSSM.
It offers an innovative way to get very competitive rates for your borrowers with National MI's Rate GPS.
Our risk based pricing system uses risk intelligence to deliver rates based on individual loan characteristics.
It's a more granular way of pricing based on multiple factors specific to your borrower's situation, and will help you gain more business from well-qualified homebuyers.
LENDER-PAID MONTHLY PREMIUM has a coverage term of one month, with the first month's premium required to activate coverage.
It offers an innovative way to get very competitive rates for your borrowers with National MI's Rate GPS.
Our risk based pricing system uses risk intelligence to deliver rates based on individual loan characteristics.
It's a more granular way of pricing based on multiple factors specific to your borrower's situation, and will help you gain more business from well-qualified homebuyers.
LENDER-PAID MONTHLY PREMIUM has a coverage term of one month, with the first month's premium required to activate coverage.
National MI's rescission relief is subject to the 2020 Master Policy terms and conditions.
National MI pioneered early rescission relief with National MI SafeGuard, because you deserve the peace of mind that comes with reducing rescission risk sooner.
National MI now offers more rescission relief options.
You can choose the rescission relief option that works best for your company.
We offer: SafeGuard Plus, rescission relief provided immediately after successful Independent Validation; or SafeGuard, rescission relief for qualifying non-delegated loans provided after the borrower makes 12 consecutive timely payments without submitting any extra post-close documents.
National MI pioneered early rescission relief with National MI SafeGuard, because you deserve the peace of mind that comes with reducing rescission risk sooner.
National MI now offers more rescission relief options.
You can choose the rescission relief option that works best for your company.
We offer: SafeGuard Plus, rescission relief provided immediately after successful Independent Validation; or SafeGuard, rescission relief for qualifying non-delegated loans provided after the borrower makes 12 consecutive timely payments without submitting any extra post-close documents.
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