MGIC Strengthens Sales Team With Two New Hires

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May 12, 2014, 04:30 ET

MILWAUKEE, May 12, 2014 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation, the primary subsidiary of MGIC Investment Corporation (NYSE: MTG), has announced the addition of two veteran mortgage industry professionals to its sales team. The additions support MGIC's growing market share.

Tim Makoutz brings more than 20 years of progressive experience in retail, wholesale and correspondent mortgage lending to his new role as Account Manager. He serves the Northern Virginia market.

Gregg Maske has more than 28 years of experience in mortgage banking with a strong history of successfully managing and leading mortgage production and operations. He serves as the Account Manager for the Alabama and Florida Panhandle markets.

"It's important to MGIC that our customers feel like they've gained an experienced partner when they choose to do business with us," explained Cheryl Webb, Senior Vice President Field Operations. "The depth of industry knowledge that Tim and Gregg bring with them reflects that commitment."

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, 2014 MGIC had $157.9 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