April 10, 2002
Countrywide correspondent lenders to order Radian mortgage insurance online
Inman News Features
Radian Guaranty has agreed to provide mortgage insurance for correspondent lenders through one of Countrywide Home Loans? Web sites. This service is available to approved Countrywide correspondents and provides a link to order Radian mortgage insurance, eliminating the need to fax requests and re-key loan data.
"Radian mortgage insurance may be ordered on Countrywide's Platinum Web site using a direct interface to an automated underwriting system or via manual entry on the Web site. This streamlined approach will save Countrywide correspondents considerable time on each loan submission," said Radian SVP eCommerce Doug Rossbach.
The company said a full range of Radian mortgage insurer products may be ordered through the Web site.
Radian Guaranty is the mortgage insurance subsidiary of Radian Group (NYSE: RDN). The Philadelphia-headquartered credit enhancement company provides private mortgage insurance and risk management services for mortgage lenders.
Countrywide Home Loans is a subsidiary of Countrywide Credit Industries. The company originates, purchases, securitizes, sells and services home loans.
Copyright: Inman News Service