Radian Introduces Title Insurance Alternative
Radian Lien Protection Saves Lenders and Borrowers More Than 50% in Title Fees For Refinances, Second Mortgages and Home Equity Loans.
Radian Guaranty Inc. today announced its new title insurance alternative product - Radian Lien Protection. The product reduces title fees by more than 50 percent on refinances, second mortgages and home equity loans. Offered in connection with Radian's sister company, ExpressClose.com, Radian Lien Protection insures lenders against a range of losses, particularly those caused by undisclosed property liens.
``Radian Lien Protection offers more than just a 50% savings on title costs,''
noted Roy J. Kasmar, Radian's president and chief operating officer. ``It is
offered with a complete online closing package that includes less expensive
appraisals and credit reports; lower documentation charges; more convenient loan closings; and access to closing documents through a secure website. This product is the perfect example of how technology is streamlining the mortgage lending process - and we're pleased to help our clients take advantage of that
technology through ExpressClose.com.''
Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc.
(NYSE: RDN - news), provides private mortgage insurance and risk management
services to mortgage lenders nationwide. Radian Group Inc., the parent company
of Radian Guaranty Inc., Enhance Reinsurance Company, Asset Guaranty Insurance
Company and ExpressClose.com, is a leading credit enhancement and mortgage
services provider to the financial and capital markets. Additional information
about Radian and its products and services may be found at www.radianmi.com.
Housing / Real Estate, Financial & Insurance Consultants
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