MGIC Investment - Still struggling with its claims backlogs from the housing crisis and great recession. | Glassdoor
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There are newer employer reviews for MGIC Investment

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

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Business Analyst in Milwaukee, WI
Former Employee - Business Analyst in Milwaukee, WI
Recommends
Positive Outlook
Approves of CEO

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 Management

A little humbleness would go a long way.

Other Employee Reviews for MGIC Investment

  1. Helpful (1)

    "Save IT"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    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 Management

    Learn the precepts of change management!


  2. "Family first environment... loved it!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriter in Troy, MI
    Former Employee - Underwriter in Troy, MI
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great working environment with competitive pay.

    Cons

    Nothing negative about this company.

There are newer employer reviews for MGIC Investment
There are newer employer reviews for MGIC Investment

See Most Recent

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