Radian and Optimal Blue Partner to Provide Mortgage Insurance Rate Quote on Optimal Blue Platform

  Radian and Optimal Blue Partner to Provide Mortgage Insurance Rate Quote on
  Optimal Blue Platform

Business Wire

PHILADELPHIA -- March 21, 2013

Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group
Inc. (NYSE: RDN), today announced a partnership with Optimal Blue,
award-winning provider of the industry-leading, enterprise level, end-to-end
product, pricing and secondary marketing automation platform. Through this
partnership, pricing for Radian MI is available within the Optimal Blue
workflow platform. This partnership enhances and simplifies the MI rate quote,
and eventually the ordering process, for both Radian and Optimal Blue
customers, enabling them to receive an instant estimate or a detailed rate
quote in real time within Optimal Blue.

“Radian is proud to partner with an industry leader like Optimal Blue,” stated
Brien McMahon, chief franchise officer for Radian. “Optimal Blue has a strong
history as a top loan enterprise pricing and secondary marketing platform. In
fact, many current Radian customers utilize Optimal Blue’s platform to
originate business. By integrating our pricing, we’re making doing business
with Radian quick and simple.”

“Our integration with Radian is a clear win-win for both Optimal Blue and
Radian customers as it simplifies the rate quote process for them,” said Larry
Huff, Co-CEO of Optimal Blue. “This integration is in keeping with our
philosophy of unified workflow, not just simple data transfer. With MI rate
quote functionality embedded within Optimal Blue, the user doesn’t have to
move between two systems. Both companies share the objective of streamlining
the loan process, and together we’re taking a step to make that happen. We
count this as the first step in a long and successful partnership with
Radian.”

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private
mortgage insurance and related risk mitigation products and services to
mortgage lenders nationwide through its principal operating subsidiary, Radian
Guaranty Inc. These services help promote and preserve homeownership
opportunities for homebuyers, while protecting lenders from default-related
losses on residential first mortgages and facilitating the sale of
low-downpayment mortgages in the secondary market. Additional information may
be found at www.radian.biz.

Founded in 2002, Optimal Blue is a Web-based provider of product eligibility
and pricing engine (PPE) technology. Based in Plano, Texas, Optimal Blue has
developed a comprehensive suite of products designed to give lenders the
ability to automate the management and distribution of their products, pricing
and secondary marketing activities, enabling originators to then source,
manage, price, lock and sell loans in a way that is efficient, accurate and
easy to use. Without having to be technology experts, Optimal Blue’s solutions
allow clients to leverage superior technology and content for a competitive
advantage. For more information, please visit www.optimalblue.com.

Contact:

Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.biz
or
Optimal Blue
Shannon Campbell, 972-781-0200 x793
scampbell@optimalblue.com
 
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