Radian and Optimal Blue Partner to Provide Mortgage Insurance Rate Quote on Optimal Blue Platform
PHILADELPHIA--(BUSINESS WIRE)--Mar. 21, 2013--
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian
Group Inc. (NYSE: RDN), today announced a partnership with Optimal Blue,
award-winning provider of the industry-leading, enterprise level,
end-to-end product, pricing and secondary marketing automation platform.
Through this partnership, pricing for Radian MI is available within the
Optimal Blue workflow platform. This partnership enhances and simplifies
the MI rate quote, and eventually the ordering process, for both Radian
and Optimal Blue customers, enabling them to receive an instant estimate
or a detailed rate quote in real time within Optimal Blue.
“Radian is proud to partner with an industry leader like Optimal Blue,”
stated Brien McMahon, chief franchise officer for Radian. “Optimal Blue
has a strong history as a top loan enterprise pricing and secondary
marketing platform. In fact, many current Radian customers utilize
Optimal Blue’s platform to originate business. By integrating our
pricing, we’re making doing business with Radian quick and simple.”
“Our integration with Radian is a clear win-win for both Optimal Blue
and Radian customers as it simplifies the rate quote process for them,”
said Larry Huff, Co-CEO of Optimal Blue. “This integration is in keeping
with our philosophy of unified workflow, not just simple data transfer.
With MI rate quote functionality embedded within Optimal Blue, the user
doesn’t have to move between two systems. Both companies share the
objective of streamlining the loan process, and together we’re taking a
step to make that happen. We count this as the first step in a long and
successful partnership with 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-downpayment mortgages in the secondary
market. Additional information may be found at www.radian.com.
Founded in 2002, Optimal Blue is a Web-based provider of product
eligibility and pricing engine (PPE) technology. Based in Plano, Texas,
Optimal Blue has developed a comprehensive suite of products designed to
give lenders the ability to automate the management and distribution of
their products, pricing and secondary marketing activities, enabling
originators to then source, manage, price, lock and sell loans in a way
that is efficient, accurate and easy to use. Without having to be
technology experts, Optimal Blue’s solutions allow clients to leverage
superior technology and content for a competitive advantage. For more
information, please visit www.optimalblue.com.
Source: Radian Group Inc.
Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.com
or
Optimal
Blue
Shannon Campbell, 972-781-0200 x793
scampbell@optimalblue.com
