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SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Radian to Appeal California Order Against Radian Lien Protection

June 21, 2002

PHILADELPHIA,  /PRNewswire-FirstCall/ -- Radian Guaranty Inc plans to appeal an order from the California Department of Insurance (CDI) requiring that it discontinue the sale of Radian Lien Protection, the company's alternative to title insurance.

The CDI order states that Radian Lien Protection is title insurance, which Radian is not authorized to transact in California.

"We respectfully disagree with the California Department's assessment and are requesting a hearing to appeal this order," stated Roy J. Kasmar, Radian's president and chief operating officer. "We look forward to the opportunity to demonstrate once and for all that Radian Lien Protection is not title insurance, but rather a mortgage insurance policy, substantially identical to those that Radian and its competitors have been issuing for almost two decades. We expect that this hearing will vindicate our product and allow it to achieve the marketplace acceptance it deserves."

Source: Radian Guaranty Inc.

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