MGIC Bolsters Sales Team in Two Major Markets

MILWAUKEE, Aug. 07, 2014 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the primary subsidiary of MGIC Investment Corporation MTG, has added a new sales manager and an account manager to its sales team.

New Sales Manager, Jim Labbe, has 14 years of experience in mortgage finance with an emphasis on sales and operations.  Most recently he served as Regional Vice President in charge of production for a west coast mortgage banker.  In his new role, Jim will work closely with MGIC's customers and Account Managers in California and Nevada. 

New account manager, David Exner, has been in the mortgage finance industry since 1998.  Most recently his career has focused on the broker and correspondent channels.  David will serve MGIC customers in metro Chicago.

"MGIC's market share has continued to grow during the first half of 2014," explained Cheryl Webb, Senior Vice President Field Operations.  "Since exceptional customer service remains a cornerstone of our company's philosophy, it makes sense to bring on quality people like Jim and David to support our expanding customer base."

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 June 30, 2014 MGIC had $159.3 billion 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.

SOURCE MGIC Investment Corporation