NMI Holdings, Inc.


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Growth: 1,857.7%
2012 revenue: $284,000
2013 revenue: $5,560,000


NMI Holdings, Inc. is the corporate parent to mortgage insurer National MI, and began preparing its plans to enter U.S. mortgage insurance in April 2012 when it raised $550 million via a private placement; in April 2013, the company issued its first insurance commitment; and in November 2013, the company went through a successful IPO.

After its first year of writing policies, the company said in May it had signed master policies with 478 lenders, including 6 of the nation’s largest. The company credits its unique business model, which shortened the timeframe for rescission relief to 12 months, as a key driver behind their fast growth.