Republic Mortgage Insurance Company
Description
RMIC protects lenders from losses due to defaults on first mortgages for residential properties. Since beginning operating in 1972, we typically insured loans for the purchase or refinancing of homes when the amount borrowed exceeded 80% of the property's value. With the collapse of the housing and credit markets, the business shifted into a run off operating mode in 2011. While RMIC has discontinued writing new insurance, we continue to support our customers and our in-force book of policies. We continue to maintain all systems, processes, and contact points for policy servicing, loss mitigation, and claims operations. This includes participation in HARP.
Service(s)
- Mortgage Insurance (MI)
Location
,
United States
Year Founded
Ratings & Reviews