Mortgage insurance from Philadelphia-based Radian Guaranty Inc. is now available through a loan origination system from mortgage and consumer lending technology company Mortgagebot.
Financial technology firm D+H acquired Mequon, Wis.-based Mortgagebot in April 2011. The company counts more than 1,300 banks and credit unions nationwide as clients.
Radian Guaranty Inc., a private mortgage insurance and risk management provider, is a subsidiary of Radian Group Inc. Mortgagebot has now completely integrated Radian’s mortgage insurance offerings into its Web-based Mortgagebot EnterpriseLOS, allowing customers of both companies to order Radian mortgage insurance directly from the platform.
"This is exciting news because it’s one more way Radian is working to accomplish one of our top priorities — making it easier than ever to do business with us," said Brien McMahon, Radian’s chief franchise officer, in a statement.
Last month, Mortgagebot announced it was on track to handle a record 1 million online mortgage loan applications by the end of the year.
In September, Radian rolled out a free mobile application offering mortgage insurance rate quotes.
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