PHILADELPHIA, March 30 /PRNewswire-FirstCall/ -- Radian Guaranty Inc., a
leading provider of mortgage insurance products and services and subsidiary of
global credit enhancement provider Radian Group Inc. (NYSE: RDN), today
announced the release of a plug-in for MI Online(R), the company's web-based
mortgage insurance ordering system, for users of MORvision, a powerful loan
origination system from Dynatek Inc. This plug-in is part of Radian's on-going
effort to improve its clients' MI ordering experience through innovative
technologies. Radian has already integrated MI Online's capabilities with some
of the leading loan origination systems available to lenders.
MORvision is designed to automate the loan generation process, from
origination and underwriting to closing, secondary tracking and delivery.
Radian's MI Online is designed to offer lenders an efficient, cost-effective
way to order and service mortgage insurance. Through this integration, lenders
using MORvision will get a faster MI decision at the point of sale. Users can
connect directly to MI Online through a plug-in that can be downloaded from
Dynatek's Plug-In Partner Network Web site. Once connected to MI Online,
lenders can quickly submit data to receive MI commitments, retrieve, update
and resubmit applications for revised commitments, and perform inquiry and
servicing transactions.
"We've always focused on providing a comprehensive mix of technologies
that enable our customers to conduct business more effectively and
profitably," said Doug Rossbach, senior vice president of Radian's Strategic
Initiatives group. "Our partnership with Dynatek and plug-in with MORvision
are natural extensions of those efforts. Dynatek has built a strong reputation
of excellence in loan origination systems, and we're pleased to be working
with them to provide superior service to the lending community."
Since establishing MI Online in 2000, Radian has continuously offered
additional capabilities that enable mortgage lenders to enhance their business
processes.
About Radian Guaranty Inc.
Radian Guaranty Inc. is the mortgage insurance subsidiary of Radian Group
Inc. (NYSE: RDN), a global credit enhancement company headquartered in
Philadelphia. Radian Guaranty provides risk management products and services
to mortgage lenders nationwide; these services increase opportunities for
people to buy homes with little or no downpayment, protect lenders from
default-related losses on residential first mortgages and facilitate the sale
of low-downpayment mortgages in the secondary market. Additional information
may be found at http://www.radian.biz.
SOURCE Radian Guaranty Inc.
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Related links:
http://www.radian.biz
CONTACT:
David Cheung of Radian Guaranty Inc.,
+1-215-231-1362, david.cheung@radian.biz
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