Mortgage Guaranty Insurance Corporation (MGIC), the primary subsidiary of MGIC Investment, has promoted Jerry Murphy to vice president of field operations.
In his new position, Murphy will be responsible for mortgage insurance and contract operations which includes processing, underwriting, and servicing.
Murphy has been associated with the MGIC for 20 years, with experience in both the systems and field operations departments. Prior to the promotion, he was field operations manager onsite support reporting.
Mortgage Guaranty Insurance Corporation (MGIC) is a provider of private mortgage insurance coverage with $191.3bn primary insurance in force covering 1.2m mortgages.
MGIC serves lenders throughout the US, Puerto Rico, and other locations helping families achieve homeownership with low-down-payment mortgages.