Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., hosted its first annual Community Bank Advisory Council to gain insight into key issues faced by the community bank industry.
“Radian recognizes the high quality business that community banks ensure, and we appreciate their focus on giving back to the communities they serve,” stated Radian’s President Teresa Bryce Bazemore. “We truly value all of our community bank partners, and want to make sure we are meeting their unique needs. That’s why we created this special advisory council from whom we can learn to better align our goals.”
Representatives from more than a dozen community banks attended the meeting held in Philadelphia on October 8-10. Participants discussed Radian’s community bank product offerings, and heard legislative and mortgage industry updates from Teresa Bryce Bazemore and other thought leaders, including Gary Acosta, Co-founder and CEO, National Association of Hispanic Real Estate Professionals (NAHREP) and Ron Haynie, Senior Vice President, Mortgage Finance Policy, Independent Community Bankers of America.
“I was proud to be included as a part of this effort to identify key industry issues and define opportunities for growth,” said Pete Mills, Senior Vice President, Residential Policy and Member Services of the Mortgage Bankers Association. “The industry is changing as the housing market recovers, and collaboration is an important step to successfully navigate challenges that affect community banks specifically.”Radian introduced this initiative as a part of its business strategy to provide its community bank customer base with the products and services that help drive value for their customers. About 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-down payment mortgages in the secondary market. Additional information may be found at www.radian.biz.