MILWAUKEE, May 18 /PRNewswire-FirstCall/ -- Mortgage Guaranty Insurance Corporation (MGIC), the primary subsidiary of MGIC Investment Corporation , today announced the promotion of Paula Stretz to eMagic Managing Director. In her new position, Stretz will be responsible for MGIC's eMagic and Myers Internet subsidiaries. Stretz will oversee the sales and operations teams for both companies further building on the synergies between the two technology platforms and MGIC.
Stretz has advanced through a variety of positions in sales and management at both MGIC and eMagic, most recently serving as the eMagic National Accounts Manager. Her breadth of experience and tenure with the company make her uniquely qualified to lead the eMagic and Myers teams.
About eMagic
Founded in 2000, eMagic is the technology subsidiary of Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation . eMagic, a tiered technology solutions provider for mortgage industry originators, lenders and vendors, brings both value and efficiency for its customers through interfaces with national mortgage service providers and proven, innovative solutions. For more information please http://www.emagic.com/.
About Myers Internet, Inc.
Myers Internet (http://www.myers.com/) is a leading provider of web-based solutions to small and midsized companies in the mortgage and real estate industries. Myers has been providing solutions to mortgage originators since 1995 and hosts over 7,000 mortgage originator and real estate websites.
About MGIC Investment Corporation
MGIC (http://www.mgic.com/), the principal subsidiary of MGIC Investment Corporation, is the nation's leading provider of private mortgage insurance coverage with $178.3 billion primary insurance in force covering 1.3 million mortgages as of March 31, 2007. MGIC serves 5,000 lenders with locations across the country and in Puerto Rico, helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality.
