Republic Mortgage Insurance Company (RMIC)
RMIC protects lenders across the United States from losses due to defaults on first mortgages for single-family residential properties. With mortgage insurance, lenders can expand the market of potential home buyers. Borrowers can qualify for a home loan more quickly than if they waited to save for a larger down payment or may qualify for a more expensive home. Lenders using mortgage insurance also gain access to value-added services such as contract underwriting and training.