Innovative LPMI product is backed by a new delegated assurance review



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[STK] NASDAQ-NMS:NMIH

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-- WITH PHOTO -- TO BUSINESS, AND REAL ESTATE EDITORS:

National MI Launches Lender-Paid Mortgage Insurance Program With

imortgage

EMERYVILLE, Calif., March 5, 2014 /PRNewswire/ -- National Mortgage

Insurance Corporation (National MI), a subsidiary of NMI Holdings,

Inc., (NASDAQ: NMIH) has launched a new lender-paid mortgage insurance

(LPMI) program with imortgage, one of the country's leading lenders.

National MI's LPMI program with imortgage is backed by what National

MI believes is an innovative delegated assurance review process.

imortgage has approved National MI as a provider of private mortgage

insurance. Through this relationship, imortgage gains access to a

new, well-capitalized source of private mortgage insurance with

enhanced confidence of coverage and rescission relief available

through National MI's delegated underwriting review process.

National MI's LPMI product enables imortgage to provide an innovative

solution for borrowers, according to Dan Hanson, imortgage executive

vice president. "Homeownership remains the cornerstone of the American

dream," Hanson said. "By teaming up with National MI to provide

mortgage options for borrowers with lower down payments, we are

creating additional opportunities for homeownership. In addition,

National MI gives us the confidence of knowing that our loans are

protected by very high underwriting standards."

National MI has introduced a delegated assurance review process for

its delegated customers that provides lenders with underwriting

protection starting from Day 1, and rescission relief for every

insured loan when a borrower has made timely payments for the first 12

months. "We're very pleased to work with imortgage, one of the

fastest-growing and most well-respected retail lenders in the industry

today," said Brad Shuster, president and CEO of National MI. "We share

their focus on maintaining high-quality underwriting standards,

providing excellent service with integrity, and look forward to a long

and successful relationship in the coming years."

National MI recently announced enhancements to its terms of coverage.

National MI SafeGuardSM, the company's signature product, provides

lenders with rescission relief after 12 months of timely payments on

every loan, for both delegated and non-delegated loans. "We believe

National MI's enhanced terms of coverage and master policy give

lenders greater assurance that claims will be paid, and expect that

such coverage will also significantly reduce repurchase risk," Shuster

said. "When you couple our innovative delegated assurance review with

our SafeGuard coverage terms, we believe lenders will see the benefit

of our comprehensive suite of mortgage insurance solutions."

National MI's terms of coverage are specified in its Mortgage Guaranty

Insurance Master Policy, which may be located on the Company's website

at www.nationalmi.com.

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.

About imortgage imortgage is committed to providing integrity,

customer service and sustainable lending for their borrowers. As the

only lender in the United States to have earned the distinction of

being Eliant Certified, imortgage continues a proven track record for

being customer centered and a catalyst for driving sales through

customer satisfaction. Through its partnership with loanDepot.com,

LLC, imortgage is one of the largest independent mortgage banks in the

U.S. For more information on imortgage, please visit

www.imortgage.com.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this press release may constitute

forward-looking statements within the meaning of the Private

Securities Litigation Reform Act of 1995. Any statements about our

expectations, beliefs, plans, predictions, forecasts, objectives,

assumptions or future events or performance are not historical facts

and may be forward-looking. These statements are often, but not

always, made through the use of words or phrases such as "anticipate,"

"believes," "can," "could," "may," "predicts," "potential," "should,"

"will," "estimate," "plans," "projects," "continuing," "ongoing,"

"expects," "intends" and similar words or phrases. All forward-looking

statements are only predictions and involve estimates, known and

unknown risks, assumptions and uncertainties that could cause actual

results to differ materially from those expressed in them. Many risks

and uncertainties are inherent in our industry and markets. Others are

more specific to our business and operations. These risks and

uncertainties include, but are not limited to, those set forth under

the heading "Risk Factors" in our most recent Registration Statement

on Form S-1, and described from time to time in subsequent reports,

filed with the U.S. Securities and Exchange Commission, including our

Quarterly Report on Form 10Q for the third quarter of 2013, filed on

December 17, 2013. Any or all of our forward-looking statements in

this press release may turn out to be inaccurate. Consequently, our

actual results could differ materially from those anticipated in such

forward-looking statements contained in this press release. Any

forward-looking statement speaks only as of the date on which it is

made and we undertake no obligation to update or revise any

forward-looking statement to reflect events or circumstances after the

date on which the statement is made or to reflect the occurrence of

unanticipated events except as required by law.

Press Contact Mary McGarity Strategic Vantage Marketing & Public

Relations MaryMcGarity@StrategicVantage.com (203)513-2721

Logo - http://photos.prnewswire.com/prnh/20130731/FL56494LOGO

SOURCE NMI Holdings, Inc.

-0- 03/05/2014

/Photo: http://photos.prnewswire.com/prnh/20130731/FL56494LOGO

/Web Site: http://www.nationalmi.com

(NASDAQ-NMS:NMIH) /

CO: NMI Holdings, Inc.; imortgage; NMI Holdings, Inc.

ST: California

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PRN

-- FL77375 --

0000 03/05/2014 16:25:00 EDT http://www.prnewswire.com

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

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