Radian and Optimal Blue Partner to Provide Mortgage Insurance Rate Quote on Optimal Blue Platform
March 21 2013 - 9:00AM
Business Wire
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.biz.
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.
Radian (NYSE:RDN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Radian (NYSE:RDN)
Historical Stock Chart
From Jul 2023 to Jul 2024