2016-11-11T08:34:17-08:00 2015-12-31 Lydon Fetterolf Corydon PA 9401 Key West Avenue Rockville MD 20850 990 2015-01-01 464272890 US Mortgage Insurers USMO 2022801820 1101 17th Street NW Suite 700 Washington DC 20036 Lindsey Johnson President & ED 2016-11-11 true Jeff Corydon IV CPA CFP P00297218 3019484400 2015 2017-02-10 21:41:12Z Lindsey Johnson 1101 17th Street NW Ste 700 Washington DC 20036 1630211 false false X www.usmi.org X 2013 DC Representing and advancing the interests of the United States mortgage insurance industry and promoting a well-functioning housing finance system. 6 6 0 6 0 2040000 1476953 153258 0 0 2040000 1630211 0 0 0 0 0 1072136 1574797 1072136 1574797 967864 55414 1325001 1278779 357137 255501 967864 1023278 Representing and advancing the interests of the United States mortgage insurance industry and promoting a well-functioning housing finance system. false false As policymakers focus on the need to create a strong, stable housing finance system, todays mortgage insurance (MI) industry is well positioned to ensure access to home ownership while protecting taxpayers. MI enables broader access to homeownership, including for first time homebuyers, by protecting against credit losses.U.S. Mortgage Insurers (USMI) put a renewed focus on the benefits of MI, ensuring that creditworthy borrowers continue to have access to affordable and sustainable mortgages within a well-functioning U.S. housing finance system. false false false false true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 7 0 true 0 false false false false false false false false false false false false false X 6 6 false true false false true true false true true false false true true true true true true false false false DC X Verto Solutions LLC 2022935800 1101 17th Street NW Suite 700 Washington DC 20036 X Patrick Sinks Treasurer 2.00 0.00 X X 0 0 0 Rohit Gupta BOD Chairman 2.00 0.00 X X 0 0 0 Teresa Bryce Bazemore Secretary 2.00 0.00 X X 0 0 0 David Gansberg Director 2.00 0.00 X 0 0 0 Patrick Mathis Director 2.00 0.00 X 0 0 0 Bill Higgins Director 2.00 0.00 X 0 0 0 Lindsey Johnson President & ED 40.00 0.00 X 0 0 0 0 false false false Milliman 15800 W Bluemound Road Ste 100 Brookfield WI 53005 Analytical Studies 419782 Verto Solutions LLC 1101 17th Street NW Ste 700 Washington DC 20036 Management Services 197300 Rasky Baerlein Strategic 70 Franklin St 3rd Fl Boston MA 02110 Public Relations 355611 Federal Policy Gr 101 Constitution Av NW 701E Washington DC 20001 Legislative and Reg 120000 4 1470000 6953 1476953 Project revenue 611430 153258 153258 153258 0 0 0 0 0 0 0 0 0 1630211 153258 X 0 0 0 0 0 0 0 0 0 0 580865 243006 10401 212086 0 0 458258 0 1466 0 0 0 8455 0 0 0 0 8111 3175 Books and subscriptions 23604 CONSULTANTS Reimbursements 18157 Printing and Publications 6199 Telephone/telecommunications 892 122 1574797 0 0 0 1151124 1096816 0 0 150000 152172 0 0 0 0 0 0 0 0 0 23877 29791 0 1325001 1278779 162137 191203 195000 64298 357137 255501 X 967864 1023278 967864 1023278 1325001 1278779 55414 X false true X true false false false false false 1470000 212086 212086 212121 X 1630211 1630211 1630211 1574797 1574797 1574797 Part X : FIN48 Footnote The Organization is exempt from federal income tax under Section 501(c)(6) of the Internal Revenue Code. However, income from activities not directly related to the Organizations tax-exempt purpose is subject to taxation as unrelated business income. The Organization did not engage in any unrelated business activities during the year ended December 31, 2015.The Organization has adopted the authoritative guidance relating to accounting for uncertainty in income taxes included in ASC Topic Income Taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entitys financial statements and prescribe a threshold of more likely than not for recognition and de-recognition of tax positions taken or expected to be taken in a tax return. The Organization performed an evaluation of uncertain tax positions for the year ended December 31, 2015, and determined that there were no material matters that would require recognition in the financial statements or that may have an effect on its tax-exempt status. As of December 31, 2015 that statute of limitations for the 2013-2014 tax years remains open with the Internal Revenue Service. It is the Organizations policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company Verto SOlutions LLC performs management and other professional services on behalf of the Organization. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Six U.S. mortgage insurance companies Arch MI, Essent, Genworth, MGIC, National MI, and Radian are members of USMI. The organization is open to all active U.S. mortgage insurance companies. Form 990, Part VI, Line 11b: Form 990 Review Process Organization's independent public accountants prepare a draft of Form 990 and review it with the Director of FInance, then the Director of FInance and President & Executive Director and the Chairman of the Board review Form 990 and give the final approval prior to filing it with the IRS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts USMI HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL MEMBERS, OFFICERS, DIRECTORS, AND STAFF. ALL ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST TO THE USMI CHAIR. Decisions with respect to any conflict or potential conflict shall be made by the Executive Committee and Board of directors by majority vote. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Other Documents Available upon request from the public. FORM 990, PART V, LINE C - BACKUP WITHHOLDING RULES THIS QUESTION DOES NOT APPLY TO THE ORGANIZATION. IF IT WOULD APPLY, THE ORGANIZATION WOULD COMPLY WITH THE BACKUP WITHHOLDING RULES.