Radian Acquires Five Bridges Advisors
January 16 2019 - 6:30AM
Business Wire
Expands Radian’s ability to provide valuation
and risk management tools that span the entire loan lifecycle
Radian Group Inc. (NYSE: RDN) announced today that it has
acquired Five Bridges Advisors, LLC, a renowned developer of
proprietary software, data analytics and predictive models
leveraging artificial intelligence, machine learning and
traditional econometric techniques.
The acquisition is consistent with Radian’s growth and
diversification strategy, as well as its focus on the core product
offerings of its Title, Mortgage and Real Estate Services. Five
Bridges is a thought leader in mortgage, consumer and real estate
analytics and its cloud-based portal utilizes deep analytics to
provide customers with valuation and risk management tools that
span the entire loan lifecycle, from underwriting and origination
to servicing, secondary market purchase, and securitization.
Radian Chief Executive Officer Rick Thornberry commented, “We
are delighted to welcome Five Bridges to the Radian family of
companies, expanding our capabilities and providing our customers
across the country with new levels of service and innovation across
the residential mortgage and real estate spectrum. This acquisition
is another example of how Radian is reengineering and
revolutionizing existing industry business models to enhance the
overall value proposition for our customers.”
Five Bridges will operate under its current brand and provide
the same level of quality products and services to its customers
through its offices in Bethesda, Maryland. Co-founders Steve
Gaenzler and Michael Youngblood, PhD, will both continue with the
business. Mr. Gaenzler will continue to run the day-to-day
operations and will report to Eric Ray, senior executive vice
president, Technology and Transaction Services for Radian. In 2019,
Five Bridges will transition to the new One Radian brand identity
as an integral part of the company’s Title, Mortgage and Real
Estate Services.
About Radian
Radian 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, real estate, and title services. We are
powered by technology, informed by data and driven to deliver new
and better ways to transact and manage risk. Learn more about
Radian’s financial strength and flexibility at www.radian.biz and
visit www.radian.com to see how Radian is shaping the future of
mortgage and real estate services.
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version on businesswire.com: https://www.businesswire.com/news/home/20190116005093/en/
Emily Riley – Phone: 215.231.1035Email:
emily.riley@radian.biz
Rashi Iyer – Phone: 215.231.1167Email: rashi.iyer@radian.biz
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