Radian Adds Three Veteran Sales Professionals To Support Expanding Customer Base

Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. (NYSE: RDN), today announced the addition of three mortgage industry professionals to strengthen its sales team across the Midwest and in Tennessee. With more than 20 years of experience in the mortgage industry, Kevin Rice is based in Boise, Idaho and will serve as the senior account manager covering Idaho; Montana; Spokane, Washington; and Jackson, Wyoming. Mark Baker will serve as the senior account manager for Tennessee, a territory he has represented for close to a decade while employed by another private mortgage insurer. Jim Honeck, who will serve as a director of new business development for Radian, is responsible for developing new customer relationships in Illinois, Wisconsin, Minnesota, Iowa and Missouri. Honeck joins Radian with more than 22 years of experience in the private mortgage insurance industry.

Prior to joining Radian, Rice was a training consultant for the sales organization at Wells Fargo Home Mortgage, although he spent the majority of his 20 year career working in both the retail and wholesale channels for well known lenders including Clearpoint Funding, Wells Fargo Home Mortgage and Caliber Funding, LLC.

Having spent much of his career serving the Tennessee area, Baker will pick up where he left off by nurturing current customer relationships in this state for Radian.

Before joining Radian, Honeck was employed by another private mortgage insurer, where he maintained number one market share in his territory for more than 12 years. Honeck is a member of the Wisconsin Mortgage Bankers Association and has served as Director of the Northeast Chapter.

“Radian is excited to expand our sales team by adding these seasoned professionals to our roster…who together bring 60+ years of experience in the mortgage and mortgage insurance industries to our all-star team,” stated Brien McMahon, Radian’s chief franchise officer. “In a market that is still challenging for many, we are very proud of our success over the last year, where we close to doubled our NIW goal in 2012. We owe our success to our many loyal lending partners, and it feels great to expand our team to serve them even better than we do today!”

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.

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