NMI Holdings, Inc. engages in the provision of private mortgage guaranty insurance. NMIC is its primary insurance subsidiary and is licensed to write MI coverage in all 50 states and District of Columbia (D.C.). Its subsidiary, NMI Services, Inc. (NMIS), provides outsourced loan review services to mortgage loan originators. Primary MI provides default protection on individual mortgage loans at specified coverage percentages. All its primary insurance is written on first-lien mortgage loans, with nearly all secured by owner-occupied single-family homes (defined as one-to-four family homes and condominiums). The company offers outsourced loan review services to mortgage originators through NMIS. The company also offers post-close underwriting reviews, which the Company refers to as independent validations, for both non-delegated and delegated loans.

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