MGIC

ICE Launches Mortgage Insurance Center for Encompass Digital Lending Platform with Integrations to All Major MI Providers

Retrieved on: 
Wednesday, March 20, 2024
Technology, Construction & Property, Insurance, Finance, Professional Services, Software, Data Analytics, Data Management, Asset Management, Residential Building & Real Estate, Intercontinental, Encompass, MGIC, MISMO, ICE, Enactment, EPC

(NYSE: ICE), a leading global provider of technology and data, today announced the launch of the Encompass Mortgage Insurance (MI) Center, now available to users of ICE’s end-to-end digital lending platform.

Key Points: 
  • (NYSE: ICE), a leading global provider of technology and data, today announced the launch of the Encompass Mortgage Insurance (MI) Center, now available to users of ICE’s end-to-end digital lending platform.
  • MI services from third-party providers Arch MI, Enact, Essent, MGIC, National MI and Radian are available.
  • “With the addition of MI Center, Encompass now offers lenders a full array of tools and ordering options to digitally initiate and complete mortgage transactions on ICE technology,” said Tim Bowler, President of ICE Mortgage Technology™.
  • With the new MI EPC integrations, rate quote documents and insurance certificates will now include the provider’s name and type of document in the Encompass eFolder.

MAGIC SOFTWARE ANNOUNCES SELECTED PRELIMINARY THIRD QUARTER 2023 FINANCIAL RESULTS

Retrieved on: 
Wednesday, November 8, 2023
Shekel, Hamas, Magic Software Enterprises, GAAP, NIS, Exercise, Judgement, Magic, Bank statement, TASE, Health Management Associates (Florida company), MGIC, Beauty salon, Video game, Bank

Or Yehuda, Israel, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (the “Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, today provided certain selected preliminary unaudited financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Company will announce results for the third quarter of 2023 on November 14, 2023
    Or Yehuda, Israel, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (the “Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, today provided certain selected preliminary unaudited financial results for the third quarter ended September 30, 2023.
  • Magic Software’s management will host a conference call on Tuesday, November 14, 2023, at 9:00 am Eastern Standard Time (16:00 Israel time) to review and discuss Magic Software’s third quarter 2023 results.
  • Magic Software believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Magic Software’s financial condition and results of operations.
  • Magic Software urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.

CONDOTEK AND MGIC LAUNCH ALL-IN-ONE CONDOMINIUM COMPLIANCE

Retrieved on: 
Thursday, November 2, 2023
MGIC Investment Corporation, NYSE, Freddie Mac, Business, Fannie Mae, MGIC, CPW, Automation, Property management

PHILADELPHIA and MADISON, Wis., Nov. 2, 2023 /PRNewswire/ -- CondoTek and Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), announced the launch of a new All-In-One Condominium Compliance solution available through CondoTek.

Key Points: 
  • PHILADELPHIA and MADISON, Wis., Nov. 2, 2023 /PRNewswire/ -- CondoTek and Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), announced the launch of a new All-In-One Condominium Compliance solution available through CondoTek.
  • CondoTek's Condo Project Warrant (CPW) will now simultaneously validate condominium projects for MGIC underwriting compliance while still delivering validation for agency policies and guidelines.
  • As a value-add, the MGIC Compliance validation is delivered at no additional cost to CondoTek's CPW.
  • It is a natural relationship because MGIC and CondoTek are both focused on technology and automation leading the industry to provide better, more cost-effective solutions for mortgage lenders and their consumers," said Asher Kahn, CEO of CondoTek.

MGIC Investment Appoints Mike Thompson to Board of Directors

Retrieved on: 
Thursday, October 26, 2023
MGIC, NYSE, Macdonald, Ronald, Entrepreneurship, MTG, Trustee, Trust, Cornell University, McDonald House, McDonald's, MGIC Investment Corporation, Management

MILWAUKEE, Oct. 26, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today announced Michael (Mike) Thompson has been elected to the Board of Directors for MGIC Investment Corporation and its principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC).

Key Points: 
  • MILWAUKEE, Oct. 26, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today announced Michael (Mike) Thompson has been elected to the Board of Directors for MGIC Investment Corporation and its principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC).
  • "We are pleased to welcome Mike to the Board," said Curt Culver, the Chairman of MTG.
  • Mr. Thompson has served on the Board of Hinsdale Bank and Trust, a Wintrust Bank, since 2014.
  • He is also a member of the Board of Trustees at Cornell University, the Ronald McDonald House Global Board of Directors, and is a member of the Kenosha Area Business Alliance.

AM Best Revises Outlooks to Positive for Operating Subsidiaries of MGIC Investment Corporation

Retrieved on: 
Friday, September 15, 2023
Insurance, Professional Services, AM Best, ALL, ERM, Fannie Mae, MGIC, Credit, Delinquent, MGIC Investment Corporation, Federal Housing Administration, Risk, Investment, Nature, Veterans' affairs, Freddie Mac, AM, Growth, News, GFC, Risk management

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of the operating subsidiaries of MGIC Investment Corporation.

Key Points: 
  • AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of the operating subsidiaries of MGIC Investment Corporation.
  • The operating subsidiaries are Mortgage Guaranty Insurance Corporation, MGIC Indemnity Corporation, and MGIC Assurance Corporation (collectively referred to as MGIC).
  • The Credit Ratings (ratings) reflect MGIC’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
  • The potential for the legacy book to hinder operating performance materially is reduced because the risk in force of the legacy book has declined significantly.

MGIC ANNOUNCES NEW BUSINESS DEVELOPMENT LEADERSHIP

Retrieved on: 
Wednesday, April 5, 2023
Business development, National accounts, Housing, Senior, Life, Marketing, Policy, MGIC, Head, NYSE, MGIC Investment Corporation, MTG, Management

MILWAUKEE, April 5, 2023 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today announced three promotions in the area of Business Development, designed to further strengthen the company's longstanding commitment to customer experience and relationships.

Key Points: 
  • MILWAUKEE, April 5, 2023 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today announced three promotions in the area of Business Development, designed to further strengthen the company's longstanding commitment to customer experience and relationships.
  • Danny Garcia-Velez becomes Senior Vice President of Business Development and Marketing, having joined MGIC in 2017 with extensive experience in housing policy, product management and community development.
  • In August 2020, he was promoted to Vice President of Business Development, and in 2022 he was again promoted to Group Vice President, head of regional sales and marketing.
  • "His leadership and capabilities will be on full display as he leads our business development and marketing efforts into the future."

MGIC Announces Jay J. Hughes, Executive Vice President of Sales and Business Development to Retire; Danny Garcia-Velez to Lead Sales and Business Development

Retrieved on: 
Thursday, January 19, 2023
Housing, Account executive, Marketing, Business development, MGIC, Head, MGIC Investment Corporation, NYSE, Development, MTG, Policy, Retirement, Special, Senior, Pacific Ocean, Management

Shortly after Mr. Hughes moves into this transitional role, Danny Garcia-Velez, Group Vice President- Regional Sales and Marketing, will become the new Sales and Business Development leader of MGIC.

Key Points: 
  • Shortly after Mr. Hughes moves into this transitional role, Danny Garcia-Velez, Group Vice President- Regional Sales and Marketing, will become the new Sales and Business Development leader of MGIC.
  • He began with MGIC in 1987 in Washington, D.C. as an Account Executive.
  • In August 2020, he was promoted to Vice President of Business Development, and in 2022 he was again promoted to Group Vice President, head of regional sales and marketing.
  • "Danny's skillset and character make him the ideal candidate to lead our Business Development and Sales teams.

BeSmartee Announces Exhibitor Presence at ICE Experience 2023

Retrieved on: 
Tuesday, January 10, 2023
MGIC, Great River, Conference, CoreLogic, ICE, Housing, GRC, Real estate

HUNTINGTON BEACH, Calif., Jan. 10, 2023 /PRNewswire-PRWeb/ -- BeSmartee, award-winning fintech firm and founder of modern digital mortgage platforms, is pleased to announce its exhibitor presence at ICE Experience 2023, taking place at the Wynn Las Vegas from Monday, February 27 to Wednesday, March 1.

Key Points: 
  • "A highlight event in the mortgage industry, we are looking forward to being back at ICE Experience this year to see new and returning faces," said Mike Hinson, Vice President of Sales at BeSmartee.
  • BeSmartee's integration with Encompass® by ICE Mortgage Technology allows for endpoint functionality for creating loans.
  • To meet with BeSmartee at ICE Experience 2023, visit https://www.besmartee.com/contact or email [email protected] .
  • Further information about BeSmartee and its upcoming sponsorship at GRC will become available closer to the event.

MGIC Investment Corporation Schedules 4th Quarter 2022 Earnings Call

Retrieved on: 
Tuesday, January 3, 2023
RSS, Disclosure, Webcast, NYSE, MGIC Investment Corporation, Telephone, PIN, MGIC, MTG, Online shopping, Newsroom

MILWAUKEE, Jan. 3, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its fourth quarter 2022 financial results after the market closes on Wednesday, February 1, 2023.

Key Points: 
  • MILWAUKEE, Jan. 3, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its fourth quarter 2022 financial results after the market closes on Wednesday, February 1, 2023.
  • A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time on Thursday, February 2, 2023, to discuss the Company's results for the quarter ended December 31, 2022.
  • Individuals interested in joining by telephone should register for the call "here" to receive the dial-in number and unique PIN to access the call.
  • The call is also being webcast and can be accessed via the Company's Investor website found at http://mtg.mgic.com under Newsroom.

MGIC Announces Partnership with Vesta

Retrieved on: 
Thursday, December 8, 2022
LOS, API, RSS, Environment, MGIC Investment Corporation, Partnership, Software as a service, Index Ventures, NYSE, Disclosure, MGIC, Conversational Capital, Blend, Bain Capital Ventures, MI, Real estate, Vesta

MILWAUKEE, Wis., Dec. 8, 2022 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), announced today that it is integrated with Vesta, a modern mortgage loan origination system (LOS) and software-as-a-service company. With this partnership, lenders using the Vesta platform will be able to seamlessly, and in real time, request quotes and order private mortgage insurance (MI) from MGIC without leaving the Vesta LOS.

Key Points: 
  • With this partnership, lenders using the Vesta platform will be able to seamlessly, and in real time, request quotes and order private mortgage insurance (MI) from MGIC without leaving the Vesta LOS.
  • We're excited to work with MGIC to deliver a straightforward and modern quoting and ordering experience," said Mike Yu, Vesta CEO.
  • "At MGIC, we understand that our customers benefit from having mortgage insurance readily available when and where they need it," said Leslie Bensen, Director, Partner Solutions at MGIC.
  • "We are thrilled to offer MGIC's customers access to our MI products through Vesta LOS."