PR Newswire | Aug 11, 2020 04:05PM EDT

08/11 15:04 CDT

MGIC promotes Danny Garcia-Velez to Vice President, Business Development MILWAUKEE, Aug. 11, 2020

MILWAUKEE, Aug. 11, 2020 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today announced the promotion of Danny Garcia-Velez to Vice President, Business Development.

Mr. Garcia-Velez has served MGIC since 2017 as Marketing Program Manager, Sr. and Marketing Program Director. Prior to this role he was a Vice President at the Homeownership Preservation Foundation where he led the program and counseling efforts. He received his education from Metropolitan State University in Saint Paul, Minn., where he studied urban planning, non-profit management and Spanish.

"Danny's reputation is that of a problem-solver, a creative and critical thinker, and a leader in his relatively short tenure with MGIC," said Jay Hughes, Executive Vice President, Sales & Business Development. "His diverse skill set is a valuable asset for MGIC as we continue to transform our business and we are excited to work with him in his new role."

About MGICMortgage Guaranty Insurance Corporation "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.

From time to time MGIC Investment Corporation releases important information via postings on its corporate website, and via postings on MGIC's website for information related to underwriting and pricing and intends to continue to do so in the future. Such postings include corrections of previous disclosures and may be made without any other disclosure. 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 for MGIC Investment Corporation alerts can be found at https://mtg.mgic.com/shareholder-services/email-alerts. For information about our underwriting and rates, see https://www.mgic.com/underwriting.

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SOURCE MGIC Investment Corporation