Radian Mortgage Insurance Now Available through the LPS PCLender Loan Origination System
Radian and LPS Complete an Interface to Offer Mortgage Insurance in Loan Origination and Ordering Process
PHILADELPHIA--(BUSINESS WIRE)-- Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., today announced completion of an interface with the Origination Technology division of Lender Processing Services (LPS), which offers the PCLender® loan origination system (LOS). LPS is a leading provider of integrated technology, data and analytics to the mortgage and real estate industries. Through the interface, mortgage industry professionals can now order Radian MI and submit MI rate quotes directly through an interface within the PCLender LOS.
"We're excited to announce our interface within the PCLender LOS," said Brien McMahon, chief franchise officer at Radian. "This integration is a clear win for Radian's customers utilizing the PCLender LOS because the ordering process is now quicker and more convenient for them."
"This is exciting news for us," stated Amanda Grier, product manager at Trident Mortgage Company, a Radian customer utilizing PCLender. "Ordering MI as part of one, fluid origination process will save us a lot of time and effort, and I'm looking forward to getting into the system and putting it to work."
The Radian MI integration will provide LPS' mortgage origination clients with added value in the form of more convenience and efficiency in obtaining top-quality mortgage insurance.
"Our integration with Radian is a great opportunity to work with a mortgage insurance industry leader and offers our origination clients the ability to access the mortgage insurance information more easily to further streamline their mortgage processes," said Cy Brinn, managing director of LPS' PCLender.
Radian Group Inc. (NYS: RDN) , headquartered in Philadelphia, provides private mortgage insurance and related risk management 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-down payment mortgages in the secondary market. Additional information may be found at www.radian.biz.
Lender Processing Services (NYS: LPS) delivers comprehensive technology solutions and services, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers and investors. As a proven and trusted partner with deep client relationships, LPS offers the only end-to-end suite of solutions that provides major U.S. banks and many federal government agencies the technology and data needed to support mortgage lending and servicing operations, meet unique regulatory and compliance requirements and mitigate risk.
These integrated solutions support origination, servicing, portfolio retention and default servicing. LPS' servicing solutions include MSP, the industry's leading loan-servicing platform, which is used to service approximately 50 percent of all U.S. mortgages by dollar volume. The company also provides proprietary data and analytics for the mortgage, real estate and capital markets industries. Lender Processing Services is a Fortune 1000 company headquartered in Jacksonville, Fla., employing approximately 8,000 professionals. For more information, please visit www.lpsvcs.com.
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