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09/20/2017

Radian Expands BlitzDocs Use to Contract Underwriting Submissions

PHILADELPHIA--(BUSINESS WIRE)--Sep. 20, 2017-- Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. (NYSE:RDN), is expanding its use of Conduent Mortgage Services’ BlitzDocs Collaboration Suite Electronic Loan Folder (eFolder) software to support contract underwriting documents. Radian customers can now submit contract underwriting orders and upload documents in addition to the disclosure and due diligence documents they have been submitting through BlitzDocs.

“We’ve been very pleased with the enhanced workflow and efficiency of BlitzDocs and adding contract underwriting documents to the list of items that can be uploaded is another measure that will save our customers time,” said Brien McMahon, chief franchise officer at Radian. “This is the latest in a series of steps Radian has taken to establish a collaborative platform that will allow us to more closely work with mortgage lenders and help prospective homeowners.”

Through the BlitzDocs eFolder software Radian is able to simultaneously view, collaborate on, and share images, documents, and data with lenders and other partners. Customers are able to electronically interact with Radian on BlitzDocs’ intelligent, collaborative network, which will provide immediate access to loan statuses and updates.

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.

About Conduent

Conduent (NYSE: CNDT) is the world’s largest provider of diversified business process services with leading capabilities in transaction processing, automation and analytics. The company’s global workforce is dedicated to helping its large and diverse client base deliver quality services to the people they serve. These clients include 76 of the Fortune 100 companies and over 500 government entities.

Conduent’s differentiated offerings touch millions of lives every day, including two-thirds of all insured patients in the U.S. and nearly nine million people who travel through toll systems daily. Whether its digital payments, claims processing, benefit administration, automated tolling, customer care or distributed learning – Conduent manages and modernizes these interactions to create value for both its clients and their constituents. Learn more at www.conduent.com.

Source: Radian Group Inc.

Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.com