Radian Mortgage Insurance Now Available through the LPS PCLender Loan Origination System
Radian and LPS Complete an Interface to Offer Mortgage Insurance in Loan
Origination and Ordering Process
PHILADELPHIA--(BUSINESS WIRE)--Oct. 18, 2012--
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian
Group Inc., today announced completion of an interface with the
Origination Technology division of Lender Processing Services (LPS),
which offers the PCLender® loan origination system (LOS). LPS is a
leading provider of integrated technology, data and analytics to the
mortgage and real estate industries. Through the interface, mortgage
industry professionals can now order Radian MI and submit MI rate quotes
directly through an interface within the PCLender LOS.
“We’re excited to announce our interface within the PCLender LOS,” said
Brien McMahon, chief franchise officer at Radian. “This integration is a
clear win for Radian’s customers utilizing the PCLender LOS because the
ordering process is now quicker and more convenient for them.”
“This is exciting news for us,” stated Amanda Grier, product manager at
Trident Mortgage Company, a Radian customer utilizing PCLender.
“Ordering MI as part of one, fluid origination process will save us a
lot of time and effort, and I’m looking forward to getting into the
system and putting it to work.”
The Radian MI integration will provide LPS’ mortgage origination clients
with added value in the form of more convenience and efficiency in
obtaining top-quality mortgage insurance.
“Our integration with Radian is a great opportunity to work with a
mortgage insurance industry leader and offers our origination clients
the ability to access the mortgage insurance information more easily to
further streamline their mortgage processes,” said Cy Brinn, managing
director of LPS’ PCLender.
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides
private mortgage insurance and related risk management 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.com.
Lender Processing Services (NYSE: LPS) delivers comprehensive technology
solutions and services, as well as powerful data and analytics, to the
nation’s top mortgage lenders, servicers and investors. As a proven and
trusted partner with deep client relationships, LPS offers the only
end-to-end suite of solutions that provides major U.S. banks and many
federal government agencies the technology and data needed to support
mortgage lending and servicing operations, meet unique regulatory and
compliance requirements and mitigate risk.
These integrated solutions support origination, servicing, portfolio
retention and default servicing. LPS’ servicing solutions include MSP,
the industry’s leading loan-servicing platform, which is used to service
approximately 50 percent of all U.S. mortgages by dollar volume. The
company also provides proprietary data and analytics for the mortgage,
real estate and capital markets industries. Lender Processing Services
is a Fortune 1000 company headquartered in Jacksonville, Fla., employing
approximately 8,000 professionals. For more information, please visit www.lpsvcs.com.
Source: Radian Group Inc.
Radian
Emily Riley, 215-231-1035
emily.riley@radian.com
or
LPS
Michelle
Kersch, 904-854-5043
michelle.kersch@lpsvcs.com
