MGIC promotes Danny Garcia-Velez to Vice President, Business Development

Rhea-AI Summary

On August 11, 2020, Mortgage Guaranty Insurance Corporation (MGIC) announced the promotion of Danny Garcia-Velez to Vice President, Business Development. Garcia-Velez has been with MGIC since 2017, previously serving as Marketing Program Manager and Director. He also has experience as a Vice President at the Homeownership Preservation Foundation. Jay Hughes, Executive Vice President, praised Garcia-Velez’s problem-solving skills and leadership. MGIC continues to support affordable homeownership across the U.S. and Puerto Rico.

Positive

• Promotion of a skilled leader, Danny Garcia-Velez, could enhance business development.
• Garcia-Velez's diverse background may foster innovative strategies.

Negative

• None.

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 MGIC
Mortgage 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.

View original content to download multimedia:http://www.prnewswire.com/news-releases/mgic-promotes-danny-garcia-velez-to-vice-president-business-development-301110359.html

SOURCE MGIC Investment Corporation

FAQ

What is the significance of Danny Garcia-Velez's promotion at MGIC?

Danny Garcia-Velez's promotion to Vice President, Business Development, is expected to leverage his skills and experience, potentially driving growth in MGIC's business initiatives.

When was the announcement made regarding MGIC's new Vice President?

The announcement about Danny Garcia-Velez's promotion was made on August 11, 2020.

What roles did Danny Garcia-Velez hold before becoming Vice President at MGIC?

Before his promotion, Danny Garcia-Velez served as Marketing Program Manager and Marketing Program Director at MGIC.

What does MGIC do?

MGIC provides mortgage insurance, helping lenders make affordable low-down-payment mortgages a reality for families in the U.S. and Puerto Rico.