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Radian Mortgage Insurance Now Available Through Mortgagebot’s Loan Origination System

Stocks in this article: RDN

Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. (NYSE: RDN), today announced a completed integration with Mortgagebot, a D+H company, to include Radian MI in its loan origination system (LOS) – Mortgagebot Enterprise LOS™. Mortgagebot provides mortgage lending technology to nearly 1,300 banks and credit unions nationwide. This partnership will streamline the loan origination and ordering process for both Radian and Mortgagebot’s LOS customers, allowing them to order MI directly via one simple process through the Mortgagebot platform.

“This is exciting news because it’s one more way Radian is working to accomplish one of our top priorities – making it easier than ever to do business with us,” said Brien McMahon, Radian’s chief franchise officer. “Partnering with a well regarded leader like Mortgagebot will simplify how MI is ordered for many of our customers, and we’re proud to deliver that.”

“Our integration with Radian is a win-win for both Mortgagebot and Radian customers alike,” said Matt Cotter, Mortgagebot’s senior vice president of sales and marketing. “Mortgagebot is all about delivering lending technology that is flexible, scalable and innovative, and Radian is known as an innovator in the MI space.”

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private mortgage insurance and related risk mitigation products and services to mortgage lenders nationwide through its principal operating subsidiary, Radian Guaranty Inc. These services help promote and preserve homeownership opportunities for homebuyers, while protecting lenders from default-related losses on residential first mortgages and facilitating the sale of low-downpayment mortgages in the secondary market. Additional information may be found at www.radian.biz.

Mortgagebot ( www.Mortgagebot.com), a D+H company, provides mortgage and consumer lending technology to nearly 1,300 clients nationwide. Mortgagebot delivers the award-winning, end-to-end platform—Mortgagebot Enterprise™—as a scalable, web-based solution for lenders to maximize their lending potential and streamline all origination processes. With Mortgagebot Enterprise POS™, lenders can automate every point-of-sale channel where business is captured: consumer-direct, branch, and loan officer, and integrate directly into the all-in-one Mortgagebot Enterprise LOS™—for processing, closing, imaging, and secondary marketing—or to third-party loan origination systems.

Copyright Business Wire 2010

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