MGIC Enters Exclusive Partnership with Mortgage Mapp

Integration Brings MI Rates to Mobile App's Mortgage Calculator

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Jul 10, 2015, 04:30 ET

MILWAUKEE, July 10, 2015 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC) is now the exclusive provider of mortgage insurance rates for Mortgage Mapp's mortgage calculator. The calculator is part of Mortgage Mapp's robust mobile application for loan officers, which creates personally branded customer engagement platforms.

"MGIC continues to be a leader in the mortgage insurance industry," said Ben Brashen, Mortgage Mapp's Chief Executive Officer. "Mortgage Mapp is thrilled by the opportunity to work with them. This partnership provides Mortgage Mapp customers and their clients with an incredibly powerful addition to their personalized mortgage app."

A replacement for the traditional business card, Mortgage Mapp allows loan officers to turn their smartphones into referral magnets and build strategic client relationships with industry specific tools such as the mortgage calculator, pre-approval request and real time mortgage news. The app currently has more than 5,000 users.

"In today's competitive market it's important for loan officers to find ways to stand out," said Jay Hughes, MGIC's Senior Vice President of Sales and Business Development. "Mortgage Mapp's app accomplishes just that by making the loan officer accessible to consumers and Realtor^® partners by providing accurate, up-to-date information right on their phones. Adding MGIC's basic rates to the Mortgage Mapp calculator further enhances the depth of information available through the tool."

For more information about Mortgage Mapp or to sign up for the application go to www.mortgagemapp.com. For a limited time, new users can received a 20% discount by using the MGIC promo code: MGIC20.

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, 2015, MGIC had $166.1 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.

SOURCE MGIC Investment Corporation