PMI Mortgage Insurance Co.
PMI Mortgage Insurance Co. (PMI U.S.), a subsidiary of The PMI Group, Inc. (NYSE:PMI), provides residential mortgage insurance to mortgage lenders, capital market participants, and investors throughout the United States. PMI U.S. is incorporated in Arizona, headquartered in Walnut Creek, CA, and licensed in all 50 states, the District of Columbia, Puerto Rico, Guam, and the Virgin Islands. By mitigating default risk, residential mortgage insurance expands homeownership opportunities and assists financial institutions in reducing the capital they are required to hold against low down payment mortgages.
CMG Mortgage Insurance Company (CMG MI) is the leading provider of private mortgage insurance products and services for the credit union industry. Private mortgage insurance protects CMG MI’s credit union customers against potential losses in the event a borrower defaults on their first-lien mortgage loan.
Established in 1994 as a joint venture between PMI Mortgage Insurance Co. and CUNA Mutual Insurance Society, CMG MI’s mission is to bring the best of the mortgage insurance industry to credit unions.
Through consistently high ratings, outstanding customer service, dedicated underwriting support, focused training programs, innovative technology solutions and competitive products; CMG MI has established a reputation as the MI provider of choice for credit unions. For additional information on CMG MI, please refer to their website www.cmgmi.com.