National MI Ranked #2 on HousingWire's List of Fastest-Growing Companies

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Oct 02, 2014, 08:00 ET

EMERYVILLE, Calif., Oct. 2, 2014 /PRNewswire/ -- National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc., (NASDAQ: NMIH) announces that it has been named to the HW Fast50™, a new awards program from HousingWire that highlights the housing economy's 50 fastest-growing companies. Firms included in the 2014 HW Fast50™ were selected and ranked based on revenue growth covering the 2012-2013 fiscal year period, and the list includes both public and privately held companies. National MI was ranked second on the list.

"We are excited to be named to the list of fastest-growing companies in the housing sector," said Bradley Shuster, president and CEO of National MI. "We believe our industry-leading National MI SafeGuard® coverage has fueled our steady growth, and we look forward to continued success in the future."

In 2013, National MI introduced groundbreaking new insurance coverage that shortened the industry standard timeframe for rescission relief from 36 months to 12 months, for every National MI insured loan. National MI was the first private mortgage insurer to offer the shortest available rescission relief period on every loan through its National MI SafeGuard® coverage.

In addition to increasing its revenues, National MI's customer base has grown. Since 2013, National MI has added 650 lenders as clients, including six of the country's largest lenders. "2013 was a breakthrough year for National MI," said Bradley Shuster, president and CEO. "We completed an initial public offering, gained approval by both GSEs, and obtained licenses in all 51 jurisdictions. National MI is making great strides in establishing itself as the mortgage insurance company that we believe provides the most definitive terms of coverage in the industry."

The final ranking of the 2014 HW Fast50™ is published in the October 2014 issue of HousingWire Magazine, and can be found online at http://www.housingwire.com/2014fast50.

"The housing finance and real estate sectors are critical components to the U.S. economy, and these are the companies blazing a future for the industry – and, indeed, for our entire economy," said Richard Bitner, president, HousingWire.

About National MI
National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc. (NASDAQ: NMIH), is a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default. To learn more, please visit www.nationalmi.com.

Cautionary Note Regarding Forward Looking Statements
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 Securities and Exchange Commission. We do not undertake, and specifically disclaim, any obligation to revise any forward-looking statements to reflect the occurrence of future events or circumstances.

Press Contact
Mary McGarity
Strategic Vantage Mortgage Public Relations
203-513-2721
[email protected]

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SOURCE NMI Holdings, Inc.