MGIC Investment

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MGIC Investment Reviews

Updated May 17, 2014
Updated May 17, 2014
17 Reviews

3.6
17 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
MGIC Investment Chairman and CEO Curt S. Culver
Curt S. Culver
11 Ratings

Employee Reviews

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  1.  

    Good pay and excellent benefits.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Wisconsin  in  Milwaukee, WI
    Current Employee - Wisconsin in Milwaukee, WI

    Pros

    Management works hard to keep morale up.

    Cons

    Dealing with too many bosses.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    MGIC

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Contract Underwriter  in  Remote, OR
    Former Employee - Contract Underwriter in Remote, OR

    Pros

    Great/ user friendly computer system and access to investor guidelines. Excellent support from management , supervisors and co workers.

    Cons

    Lack of benefits as contractor

    Advice to ManagementAdvice

    None, always there for me.

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Underwriter

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Underwriter
    Current Employee - Underwriter

    Pros

    Great salry, benefits, stability and longevity. Company culture is great with excellent experienced people in place to facilitate success.

    Cons

    There are no negative comments at this time. The only thing I would comment about is that for those who are looking to advance, the opportunities are slim as most employees stay within their positions for many years.

    Advice to ManagementAdvice

    Management for the most part is very responsive and clearly identify expectations and job performance goals.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    I am having an enjoyable experience with MGIC.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Claims Examiner  in  Milwaukee, WI
    Current Employee - Claims Examiner in Milwaukee, WI

    Pros

    There seems to be a genuine concern for the employees and the employee environment.

    Cons

    There could be more attention to the schedule for claims and the production requirements. The requirements seem to be discriminatory.

    Advice to ManagementAdvice

    Pay attention to the employee suggestions.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Lacked career advancement opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Specialist  in  Troy, MI
    Former Employee - Customer Service Specialist in Troy, MI

    Pros

    Easy work for great pay. Overall a good group of co workers. Close to home. Good area to work in.

    Cons

    No room for advancement. Waited 10 years to be trained as an underwriter and it never came to fruition. They would hire external people to fill internal positions. Management were all biding their time until they retired. They did not listen to employee concerns. Fostered a "just be lucky you have a job" attitude amongst all employees.

    Advice to ManagementAdvice

    Listen to employee concerns. Give them a chance to prove themselves worthy of more responsiblity.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Still struggling with its claims backlogs from the housing crisis and great recession.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst  in  Milwaukee, WI
    Former Employee - Business Analyst in Milwaukee, WI

    Pros

    Company beginning to turn the corner, but handling of rescissions from crisis will impede rebound. Many clients are smarting from the companies methods of claim denials. Moving to a purchase money business will help NIW and persistency and profitability. Improving values will help default rates. Could this finally be some light at the end of the tunnel?

    Cons

    High levels of uncertainty, stability and lack of internal opportunity. Company continues to be in a retrenching.

    Advice to ManagementAdvice

    A little humbleness would go a long way.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Save IT

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    The people at MGIC are their most powerful and positive asset. The longevity of the staff is amazing in these days and times. This company in its original form gave me a GREAT deal of opportunities for advancement of my skills and position.

    Cons

    MGIC use to have a very cooperative environment. Sadly, recently changes have been put in place that not only impede but forbid communication between individuals trying to get a product/project completed. It use to be everyone would chip in to help get things done but recently MGIC (and IT in specific) has become a shark tank were you do your best to point out what everyone else is doing wrong so you don't fall into the bottom 10%. This company has done a complete 180 in their mentality which is sad because its the quality of communication and compassion that have seen this company through some really awful economic times in the last several years.

    Advice to ManagementAdvice

    Learn the precepts of change management!

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9.  

    Family first environment... loved it!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Underwriter  in  Troy, MI
    Former Employee - Underwriter in Troy, MI

    Pros

    Great working environment with competitive pay.

    Cons

    Nothing negative about this company.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Just so-so

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - IT Director  in  Milwaukee, WI
    Former Employee - IT Director in Milwaukee, WI

    Pros

    Relatively stable company to work for, have to admit

    Cons

    People stay there forever which causes lack of innovation

    Advice to ManagementAdvice

    Be more visionary

    Approves of CEO
  11. 1 person found this helpful  

    overall, pretty good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Claims Examiner  in  Milwaukee, WI
    Current Employee - Claims Examiner in Milwaukee, WI

    Pros

    Good base salary / clean and nice work environment

    Cons

    MGIC hires mostly people on contract with the lure that you might get hired. MGIC actual employees have great benefits & vacation - while on contract you get 1 day off every 400 hours worked. In other words that is 5 days a year and that includes sick time. Also Contract employees cannot use the gym.

    Advice to ManagementAdvice

    No complaints, overall management is very friendly.

    Recommends
    Approves of CEO

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