Radian and LendingQB Expand Partnership to Offer Mortgage Insurance, Appraisal Services
PHILADELPHIA — Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., and LendingQB®, a provider of 100% web browser-based, end-to-end mortgage loan origination software (LOS), have expanded their partnership to offer lenders easy access to non-delegated MI and appraisal services. These integrations are designed to provide lenders with simple access to best-of-breed settlement services.
The Radian MI integration allows lenders to order Radian MI for delegated and non-delegated loans and get real-time rate quotes directly via one simple process through the LendingQB end-to-end LOS. ValuAmerica, a subsidiary of Radian Guaranty’s sister company Clayton Holdings, provides an integration for lenders to order appraisal directly through LendingQB.
“At Radian, we are always looking for ways to make it easier for our customers to do business with us,” said Brien McMahon, chief franchise officer at Radian. “This expanded partnership is a clear win for Radian’s customers utilizing the LendingQB LOS, because it will provide a broader selection of services that can be delivered efficiently, helping lenders make their operations as lean as possible.”
The integrations further enhance Radian and LendingQB’s commitment to simplifying the loan process and providing added convenience and efficiency in obtaining top-quality settlement services. Clients have the ability to order appraisals as well as upload documents and track the status of their orders using Radian’s online portal.
These new integrations add to existing services available in LendingQB’s LOS platform, such as Radian’s delegated MI. The integrations further enhance Radian and LendingQB’s commitment to simplifying the loan process and providing added convenience and efficiency in obtaining top-quality settlement services.
“Providing easy access to Radian’s products makes the lender’s process more efficient,” said Tim Nguyen, president of LendingQB. “The ability to obtain quotes and submit orders for appraisals, non-delegated and delegated MI within our LOS saves lenders time by simplifying the origination process. It demonstrates how two companies can align their technologies to help lenders improve the overall lending experience.”
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.
LendingQB is a provider of Lean Lending solutions for residential mortgage banking organizations. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end loan origination system, best of breed integrations with key industry partners and ‘adoptimization' services that result in faster cycle times and lower costs per loan. For more information, please call 888.285.3912 or visit www.lendingqb.com.