NMI Holdings, Inc. engages in the provision of private mortgage guaranty insurance. The company is headquartered in Emeryville, California and currently employs 242 full-time employees. The company went IPO on 2013-11-08. NMIC is its primary insurance subsidiary, which provides mortgage insurance. The firm's subsidiary, NMI Services, Inc. (NMIS), provides outsourced loan review services to mortgage loan originators. The firm has issued master policies with approximately 1,875 customers, including national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders and other non-bank lenders. The firm offers two principal types of MI coverage, which include primary and pool. Primary MI provides default protection on individual mortgage loans at specified coverage percentages. Pool insurance is generally used to provide additional credit enhancements for certain secondary market mortgage transactions.