WINSTON-SALEM, N.C., April 18 /PRNewswire-FirstCall/ -- Triad Guaranty
Inc. (Nasdaq: TGIC), announced that its subsidiary, Triad Guaranty
Insurance Corporation, has promoted Lynn S. Hardy to Vice President,
Quality Assurance, effective immediately.
Hardy will continue to report to Shirley Gaddy, Senior Vice President,
Operations in carrying out her responsibilities. Hardy will manage the
investigations of all early payment defaults, oversee the quality of our
underwriting decisions through routine audits, and work with our Structured
Transaction group to perform due diligence on bulk deals.
"This promotion recognizes Lynn's many contributions to the Company and
her increasing importance in helping Triad meet its business objectives,
including reducing our exposure to fraud, and working with other team
members in evaluating our lenders and portfolio quality," stated Gaddy.
Hardy has over 20 years experience in loan processing, quality
assurance and underwriting. Hardy has worked for Triad since October 1997
in a variety of positions, most recently as Assistant Vice President,
Quality Assurance Manager. Prior to joining Triad, Hardy held positions
with Seminole Moneytree, Inc., Countrywide Funding Corporation, The First,
F.A. and Sun Bank, N.A.
Triad Guaranty Insurance Corporation, a wholly owned subsidiary of
Triad Guaranty Inc., is a nationwide mortgage insurer providing mortgage
insurance (MI) to residential mortgage lenders. Private MI makes
homeownership available to buyers with down payments of less than 20%,
facilitates the sale of mortgage loans in the secondary market and protects
lenders from default- related expenses. For more information, please visit
the company's web site at http://www.traidguaranty.com
SOURCE Triad Guaranty Inc.
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Related links:
http://www.triadguaranty.com/
CONTACT:
Jerrold C. Schwartz, Vice President,
Marketing, of Triad Guaranty Inc., +1-336-723-1282 ext. 1122,
jschwartz@tgic.com
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