Radian Partners with iQual to Support Homeowners with Newly Modified Mortgages
Eligible homeowners will receive complimentary access to credit information and advisory services through iQual's ApprovalGUARD
PHILADELPHIA--(BUSINESS WIRE)-- Radian Guaranty Inc., the private mortgage insurance subsidiary of Radian Group Inc. (NYS: RDN) , today announced it will offer a unique service, ApprovalGUARD™, to encourage borrowers, who recently modified their mortgages through the U.S. Department of the Treasury's Home Affordable Refinance Program (HARP), to remain current on their new mortgage payments. HARP is designed to help underwater borrowers refinance into a new, more affordable and sustainable mortgage.
ApprovalGUARD, a proprietary service administered exclusively by the iQual Corporation, is the only national consumer credit advisory service that provides credit education coupled with a personalized review of a consumer's credit report through highly trained credit advisors. In addition, each consumer is provided real time access to their personal credit information, 24/7 electronic credit monitoring, credit reports, scores and home property monitoring. Radian will select eligible homeowners for complimentary, one year access to ApprovalGUARD.
"These borrowers have taken the first step to try to remain current on their mortgage payments by having their loan modified, and we believe it's important to offer them tools to support their efforts to stay in their home," said Scott Theobald, Chief Risk Officer for Radian Guaranty. "By offering them access to ApprovalGUARD, we hope to empower these borrowers to make more informed credit related decisions by better understanding how credit works in conjunction with their personal credit goals."
"With the multiplicity of credit products and the challenging economy, it's difficult for consumers to understand how to most effectively manage their credit, given each person's unique issues and goals. iQual simplifies these complexities by educating each customer in a personalized manner to better understand their credit situation and learn how to make more effective credit related decisions," said Jeff Mandel, the President and CEO of iQual Corporation. "We are excited to be partnering with Radian and respect its industry leadership and commitment to homeownership growth and preservation."
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.
About iQual Corporation
The iQual Corporation was founded in 2007. Its mission is to help consumers obtain and stay in their homes through empowerment fostered by credit education. The ApprovalGUARD service provides each customer with personal credit information and direct access to expert credit advisors who leverage this information to educate and proactively guide the consumer on how to make better credit related decisions.
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