Business Description
MGIC Investment Corporation, founded in 1957 and based in Milwaukee, Wisconsin, helps protect mortgage lenders against the risk of borrower default on home loans across the United States and its territories. When a borrower fails to make payments, MGIC's insurance covers the unpaid loan balance, overdue interest, and related costs that lenders would otherwise absorb. The company also reviews loan applications on behalf of lenders and shares risk with other insurers through reinsurance arrangements, serving a wide range of institutions from large commercial banks to smaller credit unions and mortgage brokers.
