The New England Mortgage Insurance Exchange (NEMIE) is a captive, reciprocal, reinsurance, facility, funded and founded by the New England Insurance Trust (NEIT) in 1997 for the benefit of subscribing financial institutions and their borrowers. 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.
For further information on how your New England based Mortgage Lending Institution can subscribe please contact:
Daniel R. Dubreuil CLU, ChFC, Executive Vice President
Mathes Associates, Inc.
Telephone (800)234-3621 x102
or email to: ddubreuil@mathesassociates.com
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NEMIE - New England Mortgage Insurance Exchange
NEIT - New England Insurance Trust
C/O Mathes Associates
P.O. Box 4880
Manchester, NH 03108
Toll Free Phone: (800) 234-3621 x102
Office Phone: (603) 669-3621
Fax: (603) 669-5806
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