MGIC Investment Corp - Company Profile
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MGIC Investment Corp (MGIC) is a provider of mortgage insurance products. The company, through its subsidiaries, provides private mortgage insurance. It offers primary insurance, pool insurance, and bulk transaction coverage. MGIC also provides contract underwriting and related services and various mortgage services, including portfolio analytics and loan origination, mortgage lead generation, and secondary marketing of mortgage-related assets for the mortgage finance industry. The company distributes its private mortgage insurance through its subsidiary, Mortgage Guaranty Insurance Corporation. MGIC is headquartered in Milwaukee, Wisconsin, the US.
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Products and Services
Products | Services |
---|---|
Primary Mortgage Insurance | Contract Underwriting |
Pool Mortgage Insurance | Related Fee-Based Services |
Portfolio Retention | |
XYZ | |
XYZ | |
XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | New Products/Services | In November, Mortgage Guaranty Insurance Corporation and CondoTek announced the launch of a new All-In-One Condominium Compliance solution available through CondoTek. |
2022 | Contracts/Agreements | In December, Mortgage Guaranty Insurance Corporation (MGIC), the subsidiary of the company, announced a partnership with Vesta. |
2020 | Contracts/Agreements | In November, the company’s subsidiary, MGIC partnered with Mortgage Coach to provide access to MGIC mortgage insurance rates. |
Competitor Comparison
Key Parameters | MGIC Investment Corp | Radian Group Inc | Arch Mortgage Insurance Company | Essent Guaranty, Inc. | Genworth Mortgage Insurance Corporation |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
City | Milwaukee | Wayne | San Francisco | Radnor | Raleigh |
State/Province | Wisconsin | Pennsylvania | California | Pennsylvania | North Carolina |
No. of Employees | 683 | 1,400 | - | - | - |
Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Timothy J. Mattke | Chief Executive Officer; Director | Executive Board | 2019 | 47 |
Nathaniel H. Colson | Chief Financial Officer; Executive Vice President | Senior Management | 2019 | 39 |
Salvatore A. Miosi | Chief Operating Officer; President | Senior Management | 2019 | 56 |
Steven M. Thompson | Executive Vice President; Chief Risk Officer | Senior Management | 2019 | 60 |
Robert J. Candelmo | Chief Information Officer - MGIC; Senior Vice President - MGIC | Senior Management | 2019 | 59 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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