How Does Private Mortgage Insurance (PMI) Work?
PMI companies write insurance policies to protect approximately the top 20% of the mortgage against default. This depends on the lender's and investor's requirements, the loan-to-value ratio, and the type of loan program involved. Should a default occur the lender will sell the property to liquidate the debt, and is reimbursed by the PMI company for any remaining amount up to the policy value.
PMI Companies:
Amerin Guaranty Corporation
303 East Wacker Drive, Suite 900
Chicago, IL 60601
Tel: 800-257-7643
Fax: 312-540-0564
PMI Mortgage Insurance Company
601 Mongomery Street
San Francisco, CA 94111
Tel: 800-288-1970
Fax: 415-291-6175
Commonwealth Mortgage Assurance Company
1601 Market Street
Philadelphia, PA 19103-2197
Tel: 800-523-1988
Fax: 215-496-0346
Republic Mortgage Insurance Co.
P.O. Box 2514
Winston-Salem, NC 27102-9954
Tel: 800-999-7642
Fax: 919-661-0049
G.E. Capital Mortgage Insurance Corporation
P.O. Box 177800
Raleigh, NC 27615
Tel: 800-334-9270
Fax: 919-846-4260
Triad Guaranty Insurance Corp.
P.O. Box 25623
Winston-Salem, NC 27114
Tel: 800-451-4872
Fax: 919-723-0343
Mortgage Guaranty Insurance Corporation
P.O. Box 488
Milwaukee, WI 53201
Tel: 800-558-9900
Fax: 414-347-6802
United Guaranty Corporation
P.O. Box 21567
Greensboro, NC 27420
Tel: 800-334-8966
Fax: 919-230-1946
