US Mortgage Insurers

US Mortgage Insurers (USMI) is a trade association based in Washington, District of Columbia. The organization consists of four employees and generates an annual revenue of $2.5 million. USMI advocates for the interests of private mortgage insurance (MI) companies operating in the United States. USMI represents the nation’s leading private mortgage insurance companies, including Enact, Essent, MGIC, National MI, and Radian. These companies provide private mortgage insurance, which protects lenders against losses in case borrowers default on their mortgages. USMI's mission is to promote a housing finance system that utilizes private capital to make mortgage credit more accessible and sustainable for borrowers. USMI believes that private MI is an effective tool for expanding access to homeownership by lowering the upfront costs of mortgages. By protecting lenders from potential losses, private MI allows lenders to offer more competitive mortgage rates and terms to a wider range of borrowers. For more information about USMI and its members, visit their website at usmi.org.