New Blockchain-backed Technology Offers Better,
Faster Way to Close on Home Purchases
Radian Group Inc. (NYSE: RDN) announced the launch of
titlegenius by Radian, a direct-to-consumer service that provides a
simple, transparent and secure way to order title insurance and
closing services online.* Backed by patent-pending technology
solution built on blockchain, titlegenius is the first in a series
of “genius”-branded services the company is bringing to market to
reimagine the way customers interact with the real estate services
market. titlegenius debuted in Florida in May and the company is
planning to expand it to additional states in the coming
months.
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the full release here:
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titlegenius by Radian, a
direct-to-consumer service that provides a simple, transparent and
secure way to order title insurance and closing services online.
(Photo: Business Wire)
At www.mytitlegenius.com, consumers will have access to Radian’s
blockchain-enabled online portal that empowers them to shop for and
save on title and closing services directly. The portal provides
easy-to-use tools that range from remote check capture to online
notarization, enabling homebuyers to proceed through the closing
process more quickly and confidently than ever before.
“titlegenius by Radian gives homebuyers control over the closing
process through a fully digital experience that removes
uncertainty, ensures timely communication, is competitively priced
and lightens the financial burden on borrowers,” said Senior
Executive Vice President, Chief Franchise Officer, Brien McMahon.
“And as part of Radian, titlegenius benefits from the backing of
one of the largest and most respected providers of mortgage and
real estate services. We’re thrilled to launch this service for our
customers and look forward to rolling out many other innovations in
the coming months that are expected to transform the way real
estate agents, lenders, mortgage and real estate investors, and
consumers interact from search to close during the homebuying and
selling process.”
titlegenius is offered through homegenius by Radian, a
suite of digital products and services that are being engineered to
solve not only the challenges customers and agents face today, but
to anticipate and solve for ones they may face in the future. Some
of the products and technologies that are part of the homegenius by
Radian product suite today and in the near future were showcased
during the company’s virtual Real Estate Segment Investor Day
earlier today. Here are just some of the products and technologies
the company expects to launch soon:
• geniusbuyer: This Qualified Lead Network is being
developed to identify, engage and leverage brokers across the
country to provide home buyers and sellers the best real estate
experience with the right real estate professional.
• geniusprice: Provided by Radian’s Red Bell Real Estate,
LLC subsidiary, geniusprice is an intelligent pricing engine,
designed to lead the industry into the future with predictive
modeling, artificial intelligence, and automation working together
to deliver estimated property values with unparalleled accuracy in
an instant.
• geneuity: A sophisticated yet simple platform, geneuity
combines artificial learning and machine learning technologies,
data and modeling, with the tools agents need to do their jobs,
into a single, powerful workflow system that is intended to deliver
on the promise to make them “the smartest agent in the room.”
“By leveraging our emerging breakthrough digital solutions
including our innovative property intelligence engine,
patent-pending title solution on blockchain, and lead generation
technology all powered by big data, analytics and artificial
intelligence, we believe homegenius by Radian is poised to become a
full-service solution that will finally deliver the long overdue
innovation the real estate marketplace has been waiting for,” said
Senior Executive Vice President, Chief Digital Officer, Eric
Ray.
About Radian
Radian Group Inc. (NYSE: RDN) is ensuring the American dream of
homeownership responsibly and sustainably through products and
services that include industry-leading mortgage insurance and a
comprehensive suite of mortgage, risk, title, valuation, asset
management and other real estate services. We are powered by
technology, informed by data and driven to deliver new and better
ways to transact and manage risk. Visit www.radian.com to learn
more about how Radian is shaping the future of mortgage and real
estate services.
Forward-looking Statements
All statements in this press release that address events,
developments or results that we expect or anticipate may occur in
the future are “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Exchange Act and the U.S. Private Securities Litigation Reform Act
of 1995. In most cases, forward-looking statements may be
identified by words such as “anticipate,” “may,” “will,” “could,”
“should,” “would,” “expect,” “intend,” “plan,” “goal,”
“contemplate,” “believe,” “estimate,” “predict,” “project,”
“potential,” “continue,” “seek,” “strategy,” “future,” “likely” or
the negative or other variations on these words and other similar
expressions. These statements, which may include, without
limitation, projections regarding our future performance and
financial condition, are made on the basis of management’s current
views and assumptions with respect to future events. Any
forward-looking statement is not a guarantee of future performance
and actual results could differ materially from those contained in
the forward-looking statement. These statements speak only as of
the date they were made, and we undertake no obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise. Our ability to
successfully launch and implement new and innovative technologies
and digital solutions is subject to risks and uncertainties,
including, without limitation the risk that our digital product and
services offerings fail to operate as expected or planned, and
risks associated with: changes in data security and privacy laws
and regulations which could restrict or limit our ability to use
our property data and adversely affect our ability to market our
products and services effectively; our ability to maintain and grow
our relationships with homegenius customers and network
participants; the possibility that we may fail to realize the
anticipated benefits of investments we may make to grow our real
estate businesses or to pursue new business initiatives, including
the possibility that any such investments or initiatives may be
disruptive to, or competitive with, our existing customers; our
ability to adapt our solutions to technological changes,
competition or evolving industry standards and to achieve or
maintain a beneficial cost structure to achieve our growth
strategies; and the effectiveness and security of our information
technology systems and solutions. We operate in a changing
environment where new risks emerge from time to time and it is not
possible for us to predict all risks that may affect us. The
forward-looking statements, as well as our prospects as a whole,
are subject to risks and uncertainties that could cause actual
results to differ materially from those set forth in the
forward-looking statements.
For more information regarding these risks and uncertainties as
well as certain additional risks that we face, you should refer to
the Risk Factors detailed in Item 1A of our 2020 Form 10-K, and to
subsequent Quarterly Reports on Form 10-Q and other reports filed
from time to time with the SEC. We caution you not to place undue
reliance on these forward-looking statements, which are current
only as of the date on which we issued this report. We do not
intend to, and we disclaim any duty or obligation to, update or
revise any forward-looking statements to reflect new information or
future events or for any other reason.
* “titlegenius,” “geneuity,” “geniusbuyer,” and “geniusprice”
are brands of Radian Group Inc. The services described herein are
provided by one or more Radian Group Inc. affiliates, including
services provided by its licensed insurance affiliates or other
entities. Title insurance is provided and underwritten by Radian
Title Insurance Inc., 6100 Oak Tree Blvd, Suite 200, Independence,
OH 44131, Tel: 877.936.8485, NAIC#: 51632, CA- License# 5093-0. FL
– Title insurance license #34-1252928 (not licensed in AK, HI, ID,
IA, ME, MI, NH, NJ, VT and WY). Title Services are provided by
Radian Title Insurance Inc. and Radian Settlement Services Inc.,
1000 GSK Drive, Suite 210, Coraopolis, PA 15108, Tel: 800.646.8258,
FL- Non-Resident Title Agency #A271379, both wholly owned
subsidiaries of Radian Group Inc. Radian Settlement Services Inc.
is a title insurance agency for Radian Title Insurance Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20210610005923/en/
For Investors: John Damian - Phone: 215.231.1383 email:
john.damian@radian.com
For the Media: Rashi Iyer - Phone 215.231.1167 email:
rashi.iyer@radian.com
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