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Republic Mortgage Insurance Company (RMIC), established in 1972, specializes in protecting lenders from losses due to defaults on first mortgages for residential properties. Although RMIC transitioned to a runoff operating mode in 2011 and ceased writing new insurance, the company continues to support its customers and maintain its policies through comprehensive servicing and loss mitigation efforts. Acquired by Arch USMI Holdings, Inc. effective June 1, 2024, RMIC has historically insured loans for home purchases or refinancing when the amount borrowed exceeded 80% of the property's value. The company remains committed to upholding its systems and processes for policy servicing and claims operations, ensuring continued support for its existing policyholders. Generated from the website