Industry NewsMortgage

Private mortgage insurance rate app now on Android

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Radian Guaranty Inc. has rolled out a Google Android version of its free mortgage insurance rate mobile application -- previously available for iOS devices -- making rate quotes available to nearly 90 percent of smartphone users. Radian Guaranty Inc., a private mortgage insurance and risk management provider, is a Philadelphia-based subsidiary of Radian Group Inc.The move comes four months after the launch of what the company said was the first mobile app to offer mortgage insurance rate quotes, Radian Rates, available in the Apple App Store for the iPhone and iPad. The apps are mobile versions of the company's existing online rate finder, which allows lenders to input loan criteria such as loan-to-value ratio, FICO score, property type and debt-to-income ratio. The apps then return mortgage insurance rates for several different types of Radian products. "We developed Radian Rates as another way to make it quicker and easier for our lending partners to do business with us,&q...