MGIC becomes first mortgage insurer to self-manage ICE platform updates

MILWAUKEE - Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE:MTG), a financially robust company with an impressive 84.6% gross profit margin and "GREAT" financial health score according to InvestingPro, announced Monday it has become the first mortgage insurer to directly manage its own functionality within ICE Mortgage Technology’s Encompass Partner Connect platform.

The new capability allows MGIC to independently implement and control updates to its mortgage insurance products and services within the cloud-native integration platform. According to the company, this direct management approach will enable faster delivery of enhancements and ensure customers have timely access to MGIC’s latest mortgage insurance solutions. The company’s strong liquidity position, with a current ratio of 4.49, provides solid backing for these technological investments.

"This functionality underscores our commitment to ensuring our customers have the best experience working with MGIC as ICE transitions its customers to EPC," said Geoffrey Cooper, Vice President of Product & Marketing at MGIC.

The Encompass Partner Connect platform enables third-party service providers to integrate their products with ICE Mortgage Technology solutions, allowing lenders to access various services through a single interface.

MGIC stated that the development aligns with its goal to evolve alongside customers and provide access to mortgage insurance solutions that support low-down-payment financing for homebuyers.

The announcement comes as mortgage technology platforms continue to expand integration capabilities to streamline lending processes. MGIC’s implementation represents a shift in how mortgage insurers interact with technology platforms that serve lenders. Currently trading at an attractive P/E ratio of 8.88 and considered undervalued by InvestingPro analysts, who have identified 7 additional key insights about the company’s potential. Access the complete Pro Research Report for comprehensive analysis of MGIC’s market position and growth prospects.

This information was released in a press statement from MGIC Investment Corporation, which maintains a strong market position with over $6.2 billion in market capitalization.

In other recent news, MGIC Investment Corporation reported its Q2 2025 earnings, showing a 5.2% increase in diluted earnings per share to $0.81 from $0.77 in the same period last year. The company’s net income reached $193 million, with an impressive annualized return on equity of 15%. Additionally, MGIC Investment announced a quarterly cash dividend of $0.15 per share, payable on November 20, 2025, to shareholders of record as of November 6, 2025. In corporate governance developments, MGIC Investment added Martin P. Klein and Daniela A. O’Leary-Gill to its Board of Directors. Klein will also serve on the Risk Management and Securities Investment Committees. These developments reflect MGIC Investment’s ongoing efforts to strengthen its financial performance and corporate leadership.

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