MGIC Investment

  mtg.mgic.com
  mtg.mgic.com

MGIC Investment Reviews

Updated November 13, 2014
Updated November 13, 2014
19 Reviews
3.5
19 Reviews
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MGIC Investment Chairman and CEO Curt S. Culver
Curt S. Culver
13 Ratings

Employee Reviews

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  1.  

    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

    I worked at MGIC Investment full-time (more than 10 years)

    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
  2. 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

    I have been working at MGIC Investment

    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
  3.  

    Great Company, Great people

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

    I worked at MGIC Investment

    Pros

    A good management team with good midwestern values

    Cons

    located in milwaukee which is cold

    Advice to ManagementAdvice

    Don't change a thing

    Recommends
    Approves of CEO
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  5.  

    Nice place to work

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

    I worked at MGIC Investment

    Pros

    Great facilities, amazing programs for employees, clear communication, take the time to train employees, access to a great gym for employees

    Cons

    bad parking situation, hiring/promotion decisions somewhat political, questionable work/life balance for claims department vs other departments, lots of "dead weight" in employees that have been there forever

    Advice to ManagementAdvice

    keep in mind that people in claims are working extremely hard, realize that some of employees that have been with company forever are complacent and don't always work hard, make affordable parking options available to employees commuting from suburbs

    Recommends
    No opinion of CEO
  6.  

    Great Place to work.

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

    I have been working at MGIC Investment full-time (less than an year)

    Pros

    We have some of the most experienced people in the business; even though we have good pay and benefits, we have the lowest expenses of our peers.

    Cons

    Change happens slowly. But people are open to it.

    Advice to ManagementAdvice

    Focus on personal growth and development. A lot of people are getting close to retirement and the next tier wants to step up to the challenge. We need opportunities to prove ourselves.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    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

    I worked at MGIC Investment as a contractor (more than an year)

    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
  8.  

    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

    I worked at MGIC Investment full-time (more than 10 years)

    Pros

    Great working environment with competitive pay.

    Cons

    Nothing negative about this company.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    LOOOOOVE MGIC!

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

    I worked at MGIC Investment

    Pros

    MGIC has excellent benefits, treat employees well, has great senior management, salary is competitive and work/life balance IS THE BEST!! 37.5 hour work weeks. Lots of room to move about company. Great focus on employees and show appreciation for their employees in lots of ways. SUPER FLEXIBLE schedules to accommodate everyone. Company donates money to charities and has scholarships available to employee's children. Senior management has great knowledge. Employee turnover is super low and re-hire rate is ridiculous because the company is a great place to work for.

    Cons

    Parking downtown is pricey. And there's a 15 year waiting list for company parking.

    Advice to ManagementAdvice

    none

    Recommends
    Approves of CEO
  10.  

    Good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Executive Assistant in Concord, CA
    Former Employee - Executive Assistant in Concord, CA

    I worked at MGIC Investment

    Pros

    Great people, team players, fair

    Cons

    headquarters is in Wisconsin. To far for more opportunites

    Advice to ManagementAdvice

    I have no advice, my manager was excellent.

    Recommends
    Approves of CEO

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