Radian Expands Integration with Mortgage Cadence to Include Title and Settlement Services

Rhea-AI Summary

Radian Group (NYSE: RDN) and Mortgage Cadence, part of Accenture (NYSE: ACN), announced an expanded integration to provide Radian's title and settlement services within the Mortgage Cadence Platform. This integration allows clients to access Radian's insured and non-insured services seamlessly via the platform's Collaboration Center, eliminating the need for data re-entry. Radian aims to simplify and accelerate mortgage transactions through this digital solution, enhancing efficiency in title and settlement processes for mortgage originators.

Positive

• Enhanced integration with Mortgage Cadence allows seamless access to Radian's title and settlement services.
• Elimination of data re-entry increases efficiency for users of the Mortgage Cadence Platform.
• Radian's focus on digital solutions aligns with market demands for streamlined mortgage transactions.

Negative

• None.

Radian Group Inc. (NYSE: RDN) and Mortgage Cadence, an Accenture (NYSE: ACN) company, today announced an expanded integration to include Radian’s title and settlement services provided by Radian Settlement Services, Inc., a wholly owned subsidiary, within the Mortgage Cadence Platform.

Through the enhanced Radian integration, Mortgage Cadence clients can now access Radian’s suite of insured and non-insured title and settlement services via Mortgage Cadence’s Collaboration Center, in addition to Radian’s industry-leading mortgage insurance services.

The Collaboration Center enables mortgage lenders, title agents and settlement services firms to work together seamlessly and securely. It eliminates the need for clients to rekey data into a separate system or leave the Mortgage Cadence platform to order services.

Radian is a leading agent of change in the title and settlement services space, with a centralized model focused on innovative pricing solutions that are simple and clear. With a streamlined approach to the title and settlement process on a national scale, Radian delivers more efficient solutions to mortgage originators.

“Radian’s integration with Mortgage Cadence is part of our continued strategic focus on digital solutions that simplify and accelerate the mortgage and real estate transaction for our customers and their borrowers,” said Eric Ray, Radian’s Senior Executive Vice President, Chief Digital Officer. “By adding title and settlement services to our existing mortgage insurance offerings on the Mortgage Cadence Platform, we are enabling electronic transmission of data and reports for fewer steps and faster turn times.”

About Mortgage Cadence

Mortgage Cadence delivers the industry’s most complete, modern, cloud-based digital lending platform designed to enable an exceptional user experience throughout the entire mortgage lending life cycle, across all channels and products. With a leading borrower point-of-sale through closing collaboration tools, the end-to-end platform is both complete and configurable offering an open-architecture designed to meet the needs of your business. For more information visit www.mortgagecadence.com

About Radian

Radian Group Inc. (NYSE: RDN) is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, title, valuation, asset management and other real estate services. We are powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk. Visit www.radian.com to learn more about how Radian is shaping the future of mortgage and real estate services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210616005123/en/

FAQ

What is the new integration between Radian and Mortgage Cadence announced in the press release?

The integration allows Mortgage Cadence clients to access Radian's title and settlement services through the Mortgage Cadence Platform, enhancing workflow efficiency.

How does Radian's integration with Mortgage Cadence benefit mortgage lenders?

It streamlines the title and settlement process, preventing data re-keying and enabling faster service delivery.

What services does Radian offer through the Mortgage Cadence Platform?

Radian offers both insured and non-insured title and settlement services, along with its mortgage insurance solutions.

What is Radian's focus in the title and settlement services industry?

Radian aims to innovate pricing solutions and improve efficiency in the title and settlement process on a national scale.