NMI Holdings, Inc.

Emeryville, California

We hereby consent to the use in the Prospectus, constituting a part of this Registration Statement on Form S-1, of our report dated June 14, 2013, relating to the consolidated financial statements of MAC Financial Holdings Corporation (A Development Stage Company), which is contained in that Prospectus.

We also consent to the reference to us under the caption “Experts” in the Prospectus.

/s/ BDO USA, LLP

San Francisco, California

June 21, 2013