MILWAUKEE, June 23, 2016 /PRNewswire/ -- Mortgage
Guaranty Insurance Corporation (MGIC), the principal subsidiary of
MGIC Investment Corporation (NYSE: MTG), is expanding its capacity
to provide customers with innovative mortgage technology solutions
and increasing the company's role in the mortgage finance
market.
MGIC's customers continue to seek innovative technology based
solutions that will increase their efficiency, quality,
profitability and transparency with consumers when underwriting low
down-payment mortgages. To ensure that MGIC continues to support
these efforts and is capable of providing industry leading
integrations, the company has promoted Leslie Malicki-Berth to Business Partner
Relationship Manager. In her new role, Ms. Malicki-Berth will work
with MGIC's customers and mortgage industry technology providers
such as loan origination systems, product and pricing engines, and
servicing platforms to facilitate seamless integrations that aid
lenders and servicers in providing transparency in mortgage
insurance pricing, underwriting and servicing while simultaneously
achieving their technology related goals.
Ms. Malicki-Berth has more than 25 years of experience in
information technology, including 15 years on both the technology
and business side of MGIC's operations with continuous involvement
with technology partner integrations. This combined technical skill
set, business acumen, and familiarity with mortgage industry
partners and integrations makes her uniquely qualified for her new
position.
"Our customers consistently communicate to us that they prefer
to interact with their mortgage insurance providers from within
their preferred mortgage technology systems and platforms,"
explains Sal Miosi, MGIC's Senior
Vice President – Business Strategy & Operations. "Leslie and
her team will focus on building and maintaining these next
generation integrations with an eye toward providing our customers
with the best-in-class service they have come to expect from MGIC
since 1957."
While continually increasing its ability to meet current
customer needs, MGIC is also leveraging its core competency of
credit risk management and its market position to pursue new
business opportunities that will allow private capital to play a
larger role in the future of mortgage finance. These efforts not
only complement its existing mortgage insurance business by
preserving and expanding the role of private mortgage insurance in
the mortgage finance industry, but also could reduce the amount
credit risk taken by the Fannie Mae, Freddie Mac and the Federal
Housing Administration that is ultimately backstopped by taxpayers.
To that end, MGIC has hired Garrett
Hartzog as Director – Product Development.
Mr. Hartzog comes to MGIC from the Federal Housing Finance
Agency (FHFA) where he served as Senior Policy Analyst. While with
the FHFA, Mr. Hartzog was the primary point of contact for matters
relating to mortgage insurance. In addition to his time at FHFA,
Mr. Hartzog has 12 years of broad based experience in mortgage
banking and mortgage insurance.
"Garrett's background and understanding of the mortgage lending
and insurance business will be a valuable addition as we pursue new
business opportunities that will allow private capital to play a
larger role in mortgage finance," continues Mr. Miosi. "He bolsters
our capacity to strategically engage customers to mutual
opportunities that address the evolving needs for mortgage credit
enhancement."
About MGIC
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment
Corporation, serves lenders throughout the United States, Puerto Rico, and other locations helping
families achieve homeownership sooner by making affordable
low-down-payment mortgages a reality. At March 31, 2016, MGIC had $175.0 billion of primary insurance in force
covering approximately one million mortgages.
From time to time MGIC Investment Corporation releases important
information via postings on its corporate website without making
any other disclosure and intends to continue to do so in the
future. Investors and other interested parties are encouraged to
enroll to receive automatic email alerts and Really Simple
Syndication (RSS) feeds regarding new postings. Enrollment
information can be found at http://mtg.mgic.com under Investor
Information.
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SOURCE MGIC Investment Corporation