Radian Acquires Entitle Direct
April 5, 2018
Radian Group Inc. recently acquired Entitle Direct Group Inc., a national title insurance and settlement services company.
Radian reported that the acquisition is consistent with the company’s growth and diversification strategy, as well as its focus on the core product offerings of its mortgage and real estate services business. In 2015, Radian subsidiary Clayton Holdings acquired ValuAmerica. Entitle Direct, with its 40 state title insurance licenses, will complement the geographic reach of ValuAmerica, according to Radian.
“We are delighted to welcome Entitle to the Radian family of companies, expanding our capabilities and providing our customers across the country with the title insurance and settlement services they want and need,” said Rick Thornberry, Radian’s chief executive officer. “This is another example of the progress we are making to reposition our Services segment for sustained profitability, by focusing on and investing in the products and services that are core to that business.”
Entitle Direct will continue to operate under its current brand. The company has offices in Independence, Ohio; Pittsburgh, Pa.; Corona, Calif.; and Austin, Texas. Eric Ray, senior executive vice president of Technology and Transaction Services for Radian, will be responsible for the strategic direction and leadership for the company’s title and settlement services businesses.
No other terms of the transaction were announced.
Contact ALTA at 202-296-3671 or [email protected].