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TheStreet Open House

Radian And Optimal Blue Partner To Provide Mortgage Insurance Rate Quote On Optimal Blue Platform

Stocks in this article: RDN

Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. (NYSE: RDN), today announced a partnership with Optimal Blue, award-winning provider of the industry-leading, enterprise level, end-to-end product, pricing and secondary marketing automation platform. Through this partnership, pricing for Radian MI is available within the Optimal Blue workflow platform. This partnership enhances and simplifies the MI rate quote, and eventually the ordering process, for both Radian and Optimal Blue customers, enabling them to receive an instant estimate or a detailed rate quote in real time within Optimal Blue.

“Radian is proud to partner with an industry leader like Optimal Blue,” stated Brien McMahon, chief franchise officer for Radian. “Optimal Blue has a strong history as a top loan enterprise pricing and secondary marketing platform. In fact, many current Radian customers utilize Optimal Blue’s platform to originate business. By integrating our pricing, we’re making doing business with Radian quick and simple.”

“Our integration with Radian is a clear win-win for both Optimal Blue and Radian customers as it simplifies the rate quote process for them,” said Larry Huff, Co-CEO of Optimal Blue. “This integration is in keeping with our philosophy of unified workflow, not just simple data transfer. With MI rate quote functionality embedded within Optimal Blue, the user doesn’t have to move between two systems. Both companies share the objective of streamlining the loan process, and together we’re taking a step to make that happen. We count this as the first step in a long and successful partnership with Radian.”

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.

Founded in 2002, Optimal Blue is a Web-based provider of product eligibility and pricing engine (PPE) technology. Based in Plano, Texas, Optimal Blue has developed a comprehensive suite of products designed to give lenders the ability to automate the management and distribution of their products, pricing and secondary marketing activities, enabling originators to then source, manage, price, lock and sell loans in a way that is efficient, accurate and easy to use. Without having to be technology experts, Optimal Blue’s solutions allow clients to leverage superior technology and content for a competitive advantage. For more information, please visit www.optimalblue.com.



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