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10/25/2016

Radian Honored with Inaugural MBA Diversity & Inclusion Award

PHILADELPHIA--(BUSINESS WIRE)--Oct. 25, 2016-- The Mortgage Bankers Association (MBA) today announced its first annual awards recognizing member companies for their leadership in diversity and inclusion. Companies were recognized in two different categories: organizational diversity & inclusion and market outreach strategies. Radian was honored as an honorable mention in market outreach strategies.

“At Radian we are deeply committed to helping Americans from all backgrounds achieve the dream of sustainable homeownership, and we are honored to receive this recognition of our focus on serving diverse populations,” said Radian Chief Executive Officer S.A. Ibrahim. “As our nation’s home buying public continues to become increasingly diverse, we look forward to working with every community to help people get a chance to own a home.”

“These awards recognize the importance of embracing a diverse and inclusive real estate finance industry,” said MBA Chairman Rodrigo López, CMB, Executive Chairman of NorthMarq Capital and the previous Chairman of MBA’s Diversity and Inclusion Committee.

“MBA received an overwhelming amount of submissions to our inaugural awards, and faced a difficult challenge in selecting from a strong pool of applicants. We are pleased to see so many companies dedicating resources and efforts towards these important issues,” López continued.

The Market Strategies award recognizes company initiatives that are specifically developed and designed to increase outreach, marketing, and products to attract customers from the industry’s fastest growing market segments. This award commends the hard work, dedication, and creativity in the creation of exemplary diversity and inclusion programs focused on new market outreach.

Company initiatives were scored by two groups of judges consisting of members of MBA’s Diversity and Inclusion Committee and MBA staff. The companies were scored based on: the quality of their overall submission; identification of a target audience and annual goals; demonstration of a tangible benefit to participants and the overall enterprise; replicability of the program; innovative program approaches; and program success in broadening the culture of the organization through the values of diversity and inclusion.

ABOUT RADIAN

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private mortgage insurance, risk management products and real estate services to financial institutions. Radian offers products and services through two business segments:

  • Mortgage Insurance, through its principal mortgage insurance subsidiary Radian Guaranty Inc. This private mortgage insurance protects lenders from default-related losses, facilitates the sale of low-downpayment mortgages in the secondary market and enables homebuyers to purchase homes more quickly with downpayments less than 20%.
  • Mortgage and Real Estate Services, through its principal services subsidiary Clayton, as well as Green River Capital, Red Bell Real Estate and ValuAmerica. These solutions include information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service and monitor loans and asset-backed securities.

Additional information may be found at www.radian.com.

Source: Radian Group Inc.

Radian
Emily Riley, 215-231-1035
emily.riley@radian.com
or
MBA
Ali Ahmad, 202-557-2727
aahmad@mba.org