MGIC is a mortgage insurance company that also offers underwriting, loan servicing and homebuyer education information and training materials. MGIC is the principal subsidiary of MGIC Investment Corporation, and maintains an initiative to “promote diverse, accessible and affordable homeownership,” the company says.
Originally founded in 1957, MGIC is based in Milwaukee, WI.
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MGIC’s Jay Hughes and Margaret Crowley discuss the benefits of risk-based MI pricing models, which deliver customized rates for each unique loan scenario. “MiQ was developed after listening to our customers talk about friction in their process and the need for work efficiency. While they are certainly looking for competitive MI rates, they’re also looking for a pricing engine that’s easy to use and seamlessly integrates into their existing processes.”