pmi mortgage insurance company

What pmi mortgage insurance company does

PMI Mortgage Insurance Co. (in Rehabilitation) is a Walnut Creek, California-based residential mortgage insurance provider founded in 1949. The company has been under the full and exclusive possession and control of the Arizona Department of Insurance since October 20, 2011, and was formally placed into rehabilitation by the Arizona Superior Court, Maricopa County on March 14, 2012. PMI ceased issuing new commitments for insurance coverage as of August 19, 2011, and today operates solely to service existing policies, administer loss mitigation programs, and process claims on a closed, runoff in-force book. Operational control rests with Receiver Barbara D. Richardson and Special Deputy Receiver Darren Ellingson, with all material actions requiring court approval.

PMI's product surface is centered on residential mortgage insurance, supported by the e-PMI digital servicing platform that handles policy servicing, default reporting, loss mitigation, and claims processing for mortgage servicers. The platform supports EDI (Electronic Data Interchange) and XML-based billing and reporting, plus a delegated servicer program, an industry-standard workout reporting template, and a Delegated Authority Calculator. Distribution is exclusively direct-to-servicer through dedicated account management, the e-PMI portal, telephone, and email; no resellers, brokers, or marketplace channels are used.

PMI generates revenue from residual premiums on its legacy in-force book. It does not write new business and does not publicly disclose financial results. Claim payments to policyholders are made under a partial claim payment plan; as of June 12, 2026 the cash distribution percentage is 84%, with the remaining 16% deferred for potential future payment. The company has progressively increased this percentage roughly annually since 2011, from an initial 50%. Subsidiaries PMI Mortgage Insurance Company Canada (sold 2012) and PMI Plaza, LLC (dissolved 2017) have been divested; on June 23, 2025 the court approved the sale of PMI Insurance Co. to Anza Holdings I LLC.

Name

pmi mortgage insurance company

Legal name

PMI Mortgage Insurance Co., in Rehabilitation

Website

https://pmigroup.com

Company type

Private

Founded year

1949

Operating status

Operating

Short description

PMI Mortgage Insurance Co. (in Rehabilitation) is a Walnut Creek, California-based residential mortgage insurance provider in regulatory rehabilitation under the Arizona Department of Insurance since 2011, servicing a closed, runoff book of legacy policies for mortgage servicers and lenders.

Ownership category

akta.pro rank

Product category

Residential Mortgage Insurance

NAICS

Insurance Carriers and Related Activities (524)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Mortgage Default Insurance & Loss Mitigation Services (Claims, Recoveries, MI Servicing) (FSALAJAH)

akta.pro secondary industries

Private Mortgage Insurance (PMI) — Lender-Paid (LPMI) (FSALAJAB), Private Mortgage Insurance (PMI) — Borrower-Paid (BPMI) (FSALAJAA), Pool/Portfolio Mortgage Insurance (Bulk & Flow Coverage) (FSALAJAF)

Keywords

• Mortgage insurance services
• Residential mortgage insurance
• Policy servicing solutions
• Loss mitigation programs
• Claims processing services

Headquarters

HQ city

Walnut Creek

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others, Infrastructure

Revenue model

1. Mortgage Insurance Premiums: PMI generates revenue through residential mortgage insurance premiums. The company provides coverage on residential mortgages and collects premiums for policies in force. As the company ceased writing new business in August 2011, revenue is derived from existing in-force book of business only.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

PMI Mortgage Insurance Co. provides residential mortgage insurance coverage in the United States. The company ceased issuing new commitments for insurance coverage as of August 19, 2011, and is currently in rehabilitation under the Arizona Department of Insurance. It continues to support ongoing policy servicing, loss mitigation programs, claims processing, and default reporting for its existing in-force book of residential mortgage insurance policies through dedicated account management, the e-PMI digital servicing platform, and EDI/XML integrations.

Product overview

PMI Mortgage Insurance Co. is a residential mortgage insurance provider currently in rehabilitation under the Arizona Department of Insurance. The company's primary offering is mortgage insurance coverage for residential loans. The product portfolio centers on PMI Mortgage Insurance as the core product, supported by e-PMI Servicing (an online portal for policy servicing, default reporting, loss mitigation, and claims processing) and e-PMI Origination (for insurance applications). Additional tools include ediXML integration options, pmiPAPERLESS for document submission, various Excel-based templates for workout reporting, and the Delegated Authority Calculator for servicers to determine authority thresholds. The company ceased writing new insurance as of August 2011 but continues to service existing policies.

Differentiator

Problem solved

Functional benefit

Products and services

• PMI Mortgage Insurance Residential mortgage insurance coverage for lenders and servicers on U.S. residential mortgage loans. PMI provides coverage and collects premiums on policies; the company ceased writing new business as of August 19, 2011, but continues to service existing in-force policies, claims, defaults, and loss mitigation under the partial claim payment plan.
• e-PMI Servicing Secure self-service digital channel enabling mortgage servicers to view pending loss mitigation status, submit workouts, file claims, access real-time claim status reporting, perform certificate inquiry, update loan sale information, view premium history, and submit delinquency reports for PMI-insured residential mortgage loans.
• Delegated Servicer Program Program enabling eligible mortgage servicers to process loss mitigation workouts under delegated authority with simplified reporting requirements for PMI-insured residential mortgage loans.

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered minor and core.

• PHH Mortgage CorporationminorStrategic or Co-development Partner · 12 October 2022PMI reached a settlement agreement with PHH Mortgage Corporation as part of the receivership proceedings. The settlement was approved by the Arizona Superior Court, Maricopa County in October 2022, resolving certain disputes between the parties.
• Arch ServicescoreTechnology or Integration · 10 April 2014Arch Services provides operational support services to PMI during the rehabilitation process. The company has had multiple amendments to the services agreement, with Amendment No. 2 approved by the Arizona Superior Court in June 2024. This is a critical operational partnership supporting PMI's ongoing servicing capabilities.

Scale indicators3 records

Recent moves7 records

Expansion highlights3 records

Broad incumbents

• MGIC Investment Corporation: MGIC is one of the largest U.S. private mortgage insurers, directly comparable to PMI as a legacy MI carrier. While PMI is in run-off, MGIC operates a going-concern book in the same product category and serves many of the same U.S. mortgage servicers.
• Radian Group Inc. Radian is a major U.S. private mortgage insurance provider and a direct comparator to PMI's legacy business. It writes and services MI on U.S. residential mortgages and engages the same servicer/customer ecosystem PMI serves today.
• Enact Holdings, Inc. Enact is a leading U.S. private mortgage insurance company, comparable to PMI as a residential MI underwriter and servicer in the U.S. market with a similar product focus.
• Essent Group Ltd. Essent is a U.S. private mortgage insurance provider and a clear direct competitor to historic PMI operations, offering mortgage insurance coverage on U.S. residential loans to similar lender and servicer customers.
• Old Republic International Corporation: Old Republic operates a mortgage insurance subsidiary (Old Republic MI) that writes U.S. residential MI, comparable to PMI's historic product. Both are part of the broader U.S. private MI landscape serving mortgage lenders and servicers.
• Genworth Financial, Inc. Genworth historically operated a major U.S. private mortgage insurance business and shares PMI's product DNA. Although Genworth's MI arm has been separated (Enact), Genworth remains a comparable legacy MI franchise from a portfolio and risk perspective.

Direct peers

• Arch Mortgage Insurance: Arch MI is a U.S. private mortgage insurance subsidiary of Arch Capital Group and is one of the closest direct peers to legacy PMI, sharing product, customer base, and geographic footprint across U.S. residential mortgages.
• NMI Holdings, Inc. (National MI): National MI is a U.S. private mortgage insurance underwriter that competes head-to-head in residential MI — directly comparable in product offering and customer segments to PMI's historic mortgage insurance business.

Others

• Anza Holdings I LLC: Anza Holdings I LLC is the court-approved acquirer of PMI (sale authorized June 23, 2025) and is the most directly connected party to PMI's forward path, making it materially comparable as the new owner and operator of the legacy book.

Emerging players

• Sagard Real Estate / Sagard Holdings (TriumPay Insurance): Sagard-backed entities have re-entered the U.S. private mortgage insurance market, creating an emerging comparable to legacy PMI activity. Both target the U.S. residential MI opportunity and the same servicer/lender customer base.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about pmi mortgage insurance company