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Morningstar DBRS Deems Radian Real Estate Management Acceptable Due Diligence Provider

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Radian Group Inc. (NYSE: RDN) has received recognition from DBRS, Inc. (Morningstar DBRS) as an acceptable due diligence firm for business purpose loans and single-family rental RMBS transactions. Radian Real Estate Management stands as the longest-standing provider of diligence and valuations for institutional single-borrower, single-family rental securitizations, and warehouse lending transactions.

The company has been involved in nearly all SFR securitizations in the United States since the asset class began with the first SFR securitization in 2013. Morningstar DBRS's announcement on January 8, 2025, followed a comprehensive review of Radian's staffing, infrastructure, and capabilities as a third-party due diligence firm.

Radian Group Inc. (NYSE: RDN) ha ricevuto riconoscimenti da DBRS, Inc. (Morningstar DBRS) come azienda di due diligence accettabile per prestiti commerciali e transazioni RMBS per affitti a uso residenziale unifamiliare. Radian Real Estate Management è il fornitore di lunga data di servizi di due diligence e valutazioni per le cartolarizzazioni di prestiti residenziali unifamiliari a singolo mutuatario e per le transazioni di prestito in magazzino.

L'azienda è stata coinvolta in quasi tutte le cartolarizzazioni SFR negli Stati Uniti da quando questa classe di attivi è iniziata con la prima cartolarizzazione SFR nel 2013. L'annuncio di Morningstar DBRS dell'8 gennaio 2025 è seguito a una revisione completa del personale, delle infrastrutture e delle capacità di Radian come azienda di due diligence di terzi.

Radian Group Inc. (NYSE: RDN) ha recibido el reconocimiento de DBRS, Inc. (Morningstar DBRS) como una firma de diligencia debida aceptable para préstamos con fines comerciales y transacciones RMBS de alquiler de viviendas unifamiliares. Radian Real Estate Management se destaca como el proveedor de diligencia y valoraciones más antiguo para las securitizaciones de alquiler de viviendas unifamiliares para un único prestatario y las transacciones de préstamos en bodega.

La empresa ha estado involucrada en casi todas las securitizaciones SFR en los Estados Unidos desde que comenzó esta clase de activo con la primera securitización SFR en 2013. El anuncio de Morningstar DBRS del 8 de enero de 2025 siguió a una revisión exhaustiva del personal, la infraestructura y las capacidades de Radian como firma de diligencia debida de terceros.

라디안 그룹 주식회사 (NYSE: RDN)는 DBRS, Inc. (모닝스타 DBRS)로부터 사업 목적 대출 및 단독 주택 임대 RMBS 거래를 위한 신뢰할 수 있는 실사 회사로 인정받았습니다. 라디안 부동산 관리는 기관 단일 차입자, 단독 주택 임대 증권화 및 창고 대출 거래에 대한 실사 및 평가 제공을 위해 가장 오랜 역사를 가진 회사입니다.

이 회사는 2013년에 첫 SFR 증권화가 시작된 이후 미국 내 거의 모든 SFR 증권화에 참여해 왔습니다. 2025년 1월 8일 모닝스타 DBRS의 발표는 제3자 실사 회사로서 라디안의 인력, 인프라 및 역량에 대한 종합적인 검토를 따른 것입니다.

Radian Group Inc. (NYSE: RDN) a été reconnu par DBRS, Inc. (Morningstar DBRS) comme une entreprise de due diligence acceptable pour les prêts à des fins commerciales et les transactions RMBS de location de maisons unifamiliales. Radian Real Estate Management est le fournisseur de diligence et d'évaluations le plus ancien pour les titrisations locatives de maisons unifamiliales à emprunteur unique et les transactions de prêt en entrepôt.

L'entreprise a été impliquée dans presque toutes les titrisations SFR aux États-Unis depuis que cette classe d'actifs a débuté avec la première titrisation SFR en 2013. L'annonce de Morningstar DBRS du 8 janvier 2025 a suivi un examen approfondi du personnel, de l'infrastructure et des capacités de Radian en tant qu'entreprise de due diligence tierce.

Radian Group Inc. (NYSE: RDN) wurde von DBRS, Inc. (Morningstar DBRS) als akzeptable Due Diligence-Firma für Geschäftszweckdarlehen und Transaktionen von Einfamilienhaus-RMBS anerkannt. Radian Real Estate Management ist der am längsten bestehende Anbieter von Due Diligence und Bewertungen für institutionelle Einzelborrower, Einfamilienhaus-Mietsecuritisierungen und Lagerfinanzierungstransaktionen.

Das Unternehmen war an nahezu allen SFR-Securitisierungen in den Vereinigten Staaten beteiligt, seit diese Anlageklasse 2013 mit der ersten SFR-Securitisierung begann. Die Ankündigung von Morningstar DBRS am 8. Januar 2025 folgte einer umfassenden Überprüfung der Personalstruktur, Infrastruktur und Fähigkeiten von Radian als externe Due Diligence-Firma.

Positive
  • Recognition as acceptable due diligence provider by Morningstar DBRS expands business opportunities
  • Established market leadership in SFR securitizations since 2013
  • Validation of company's infrastructure and capabilities by major rating agency
Negative
  • None.

Insights

This recognition by Morningstar DBRS marks a strategic expansion of Radian's capabilities in the RMBS market. The approval enables Radian to conduct due diligence reviews for business purpose lending and single-family rental RMBS transactions, potentially opening new revenue streams in the $17.5 trillion mortgage securities market.

The timing is particularly advantageous given the current market dynamics in real estate. With institutional investors increasingly active in the single-family rental space, Radian's established position since 2013 positions them to capture a larger share of the growing business purpose loan segment. Their involvement in virtually all U.S. SFR securitizations since the asset class's inception demonstrates their deep market penetration and operational expertise.

For investors, this accreditation enhances Radian's competitive moat in the mortgage services sector. It should strengthen their ability to attract institutional clients and potentially increase their service fee revenue. Simple terms: Think of this as getting a special license to inspect and verify mortgage investments for big financial institutions - it's like having both the experience and now the formal blessing to do this specialized work.

Radian's accreditation comes at a important time in the evolution of the single-family rental market. The sector has seen institutional capital inflows accelerate, with major players seeking yield in residential real estate. Their decade-long experience in SFR securitizations provides them with unique insights into property valuations and market dynamics that newer entrants can't match.

The business purpose loan market, which includes fix-and-flip and rental property loans, has been expanding rapidly. Radian's enhanced ability to serve as a due diligence provider for these loans could help them capitalize on this growth trend. In simple terms: They're now officially recognized as experts in checking the quality of rental property investments, which is becoming increasingly important as more big companies buy up single-family homes to rent them out.

WAYNE, Pa.--(BUSINESS WIRE)-- Radian Group Inc. (NYSE: RDN) today announced that DBRS, Inc. (Morningstar DBRS) deems Radian Real Estate Management as an acceptable due diligence firm for business purpose loans and single-family rental Morningstar DBRS-rated residential mortgage-backed securities (RMBS) transactions.

Radian Real Estate Management is the longest-standing provider of diligence and valuations for institutional single-borrower, single-family rental (SFR) securitizations, and warehouse lending transactions. This recognition solidifies the company’s position as a trusted partner in due diligence services and highlights the role it has played in nearly all of the SFR securitizations brought to market in the United States since the inception of the asset class and the first SFR securitization transaction in 2013.

Morningstar DBRS published its List of Acceptable Third-Party Due Diligence Firms and made the following announcement on January 8, 2025:

Morningstar DBRS conducted a review of Radian to assess its staffing, infrastructure, and capabilities as a third-party due diligence firm for business purpose and single-family rental loans and believes the Company is acceptable.

“We are pleased to receive Morningstar DBRS’s approval to conduct diligence reviews for RMBS business purpose lending and single-family rental Morningstar DBRS-rated RMBS transactions. This is a natural extension of our decade-long history of facilitating single-borrower SFR transactions, and it further underscores our position as the leading diligence provider for the asset class and our role in setting the standards and processes for the industry since its inception,” said Radian’s Executive Vice President, Real Estate Services, Tim Reilly. “Morningstar DBRS’ in-depth review process provides a meaningful validation of Radian’s differentiated approach to third-party due diligence, and we look forward to continuing to serve our clients with distinction in 2025 and beyond.”

For more information on Radian Real Estate Management, visit Radian's website.

About Radian

Radian is a catalyst for homeownership that transforms risk into opportunity through services and technologies that empower housing and capital market participants to act with confidence. The Radian family of companies is shaping the future of mortgage and real estate services through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, real estate, and title services. Visit radian.com to see how we’re creating possibilities for a place to call home.

For Investors:

Dan Kobell - Phone: 215.231.1113

email: daniel.kobell@radian.com



For the Media:

Rashi Iyer - Phone 215.231.1167

email: rashi.iyer@radian.com

Source: Radian Group Inc.

FAQ

What recognition did Radian Group (RDN) receive from Morningstar DBRS in January 2025?

Morningstar DBRS recognized Radian Real Estate Management as an acceptable due diligence firm for business purpose loans and single-family rental RMBS transactions.

How long has Radian (RDN) been involved in single-family rental securitizations?

Radian has been involved in nearly all SFR securitizations in the United States since the first transaction in 2013, making it the longest-standing provider in this sector.

What services does Radian (RDN) provide in the SFR market?

Radian provides diligence and valuations for institutional single-borrower, single-family rental securitizations, and warehouse lending transactions.

What aspects of Radian (RDN) did Morningstar DBRS review for their approval?

Morningstar DBRS reviewed Radian's staffing, infrastructure, and capabilities as a third-party due diligence firm for business purpose and single-family rental loans.

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