The New England
Mortgage Insurance Exchange
(NEMIE)

The New England Mortgage Insurance Exchange (NEMIE) and The New England Insurance Trust (NEIT) are not-for-profit organizations formed for the benefit of participating Members, Subscribing Institutions, and their borrowers. The organizations provide pooled loan volume purchasing power that has historically been unavailable but to the very large Financial Institutions involved with Mortgage Lending. The NEIT has operated for the benefit of its participating members for over 48 years and NEMIE for nearly 14 years.

The New England Mortgage Insurance Exchange (NEMIE) is a captive, reciprocal, reinsurance facility, funded and founded by NEIT in 1997. This captive pooling concept has allowed subscribing financial institutions of all sizes the opportunity to take advantage of economies of scale to generate additional fee income through the issuance of private mortgage insurance underwritten by MGIC while maintaining the same cost and underwriting criteria for their borrowers.
Through the quarter ending March 31st 2011 NEMIE’s Subscribing Financial Institutions have reinsured more than $5.46 billion in loans and generated more than $21.9 million in income.

Daniel R. Dubreuil is the President of Mathes Associates (Vermont) Inc. the Attorney-in-Fact, and Administrator of the New England Mortgage Insurance Exchange (NEMIE). For more information, Contact Us

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