National Mortgage Insurance Corporation,a provider of private mortgage insurance and a subsidiary of NMI Holdings, announced that it formed a “strategic partnership” with Capital Markets Cooperative, a nationwide alliance of mortgage bankers that provides exclusive offerings and value-added services to its members.
As part of the partnership, National MI will be named a “preferred provider” of private mortgage insurance for the members of Capital Markets Cooperative, which is set to be acquired by Computershare, an Australian tech company.
According to a joint announcement, the sales teams of National MI and CMC will work together to bring National MI's benefits to the forefront of CMC's membership. Those benefits include educating CMC's members on the advantages of various private mortgage insurance products.
"We're very pleased to partner with CMC," said Michael Dirrane, chief sales officer with National MI. "It's a mutually beneficial relationship for both organizations. We look forward to working with CMC's mortgage banking and credit union members throughout the country."
Tom Millon, CMC’s president and chief executive officer, said that CMC’s members should find National MI’s products and services “extremely attractive.”
Million added, “Our alliance with National MI further strengthens CMC's ongoing commitment to our Patrons to continue to partner with highly-respected companies."