|[January 16, 2013]
Radian Introduces Version of Mortgage Insurance Rate App for AndroidTM
PHILADELPHIA --(Business Wire)--
Radian (News - Alert) Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian
Group Inc. (NYSE: RDN), today announced the availability of its MI rate
finder app, Radian Rates, for Android (News - Alert) devices on Google PlayTM.
The first of its kind in the MI industry, Radian Rates is a mobile
version of the company's existing online rate finder and offers lenders
on-the-go access for a quick and reliable Radian MI rate.
Just like the iPhone (News - Alert)® and iPad® version launched
this past September, app users can simply input loan criteria and the
app automatically calculates the MI rate for a variety of Radian
products. Backed by the company's published rates and guidelines, Radian
Rates was designed for users to check eligibility and compare options to
findthe product that best fits their needs.
"We developed Radian Rates as another way to make it quicker and easier
for our lending partners to do business with us," said Brien McMahon,
Radian's chief franchise officer and head of sales. "Based on the
positive feedback from our App StoreSM release, we wanted to
expedite a version for Android to ensure we were providing all of our
customers with the ability to access our rates in seconds on their
smartphone, wherever they are, to better accommodate their busy
Radian Group Inc. (NYSE: 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-downpayment mortgages in the secondary
market. Additional information may be found at www.radian.biz.
Android and Google (News - Alert) Play are trademarks of Google Inc.
iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and
other countries. App Store is a service mark of Apple (News - Alert) Inc.
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