MGIC Investment (NYSE: MTG) — Company Overview, News & Financial Data
MGIC Investment provides private mortgage insurance, making homeownership accessible and supporting mortgage financing.
MGIC Investment
MGIC Investment is a provider of private mortgage insurance and related risk management solutions to mortgage lenders across the United States through its principal operating subsidiary, Mortgage Guaranty Insurance Corporation. The company enables residential homebuyers to secure mortgages with low down payments by insuring mortgage lenders against loss on residential first-mortgage loans. Its primary credit risk management services cover primary mortgage insurance, pool insurance, contract underwriting, and loan servicing assistance. MGIC Investment serves credit unions, mortgage bankers, commercial banks, and housing finance agencies to facilitate affordable homeownership.
Snapshot
Operations
Products and/or services of MGIC Investment
- Primary Mortgage Insurance: Providing borrower-paid and lender-paid private mortgage insurance policies that cover individual residential first-mortgage loans, protecting mortgage lenders against default loss on high loan-to-value single-family home financing across all fifty U.S. states.
- Borrower-Paid and Lender-Paid Premium Plans: Offering flexible premium payment structures including monthly, annual, and single premium options that allow mortgage originators to structure coverage according to borrower financial profiles and loan structures.
- Contract Underwriting Services: Delivering outsourced residential mortgage application underwriting and quality control evaluations for lender partners to streamline loan processing, verify borrower income eligibility, and ensure compliance with established underwriting guidelines.
- Automated Rate Quoting and Analytics Tools: Operating technology platforms and proprietary rating engine applications that enable mortgage originators to calculate real-time risk-based pricing, assess coverage requirements, and evaluate mortgage insurance rate options instantly.
- Loan Servicing and Default Management Assistance: Providing mortgage originators and loan servicers with default prevention support, loan modification reviews, rescission relief frameworks, and claims processing tools to manage non-performing loan portfolios and mitigate credit losses.
- Lender Training and Educational Programs: Delivering professional development webinars, income calculation tools, and industry training resources to mortgage originators, credit unions, and housing finance agencies to facilitate compliant lending and homebuyer education.
MGIC Investment executive team
- Mr. Timothy James Mattke CPACEO & Director
- Mr. Salvatore Antonino MiosiPresident & COO
- Mr. Nathaniel Howe Colson CPAExecutive VP, CFO & Chief Risk Officer
- Ms. Paula Christine Maggio J.D.Executive VP, General Counsel & Secretary
- Ms. Julie Kay SperberVP, Controller & Chief Accounting Officer
- Ms. Dianna L. HigginsSenior Vice President of Investor Relations
- Mr. Danny Garcia-VelezSenior Vice President of Sales & Business Development
- Ms. Annette M. AdamsSenior VP & Chief Human Resources Officer of MGIC
- Mr. Michael Edward JacobsonSenior Vice President of Business Intelligence & Product Strategy
- Mr. Nathan Ryan AbramowskiVP & Treasurer