Radian Guaranty and NYLX partner to provide accurate, real-time mortgage and MI pricing and eligibility dataMortgagePress.comRadian Guaranty, NYLX, New York Loan Exchange, database, Radian MI, John Alexander
Radian Guaranty, the mortgage insurance (MI) subsidiary of
Radian Group Inc., announced that it has formed a partnership with
NYLX (New York Loan Exchange)--which operates one of the nation's
largest real-time databases of mortgage programs, rates, and
guidelines--to incorporate Radian MI directly into the mortgage
pricing and eligibility process.
As part of this partnership, NYLX will include Radian's rates
and guidelines in their industry leading pricing and eligibility
platform to calculate MI on loans, enabling lenders to adapt to
mortgage and MI market conditions in real-time, make smarter
decisions and achieve better execution on their loans. In addition,
Radian will educate customers on the value of the NYLX solution and
how to maximize profitability through automation.
John Alexander, President of NYLX states, "The new relationship
with Radian is an exciting one that will provide great value for
our customers. I can't think of a better partner than Radian. For
the last year, our teams have worked to develop a shortterm and
long-term strategy which we believe will add significant value and
efficiencies to the mortgage industry."
"For the first time ever, two icons in the industry are joining
together to provide a fast and accurate method for determining a
loan's complete eligibility, significantly increasing a lender's
efficiency. This will be done through the seamless integration of
Radians MI pricing and guidelines into the NYLX platform," Jeff
Cashmer, chief operating officer of Radian Guaranty said.
"As a leader in the MI industry, Radian continues to introduce
its clients to efficiency driven solutions. This partnership allows
Radian and NYLX's customers to streamline processes and enhance
profitability and growth," added Cashmer.
Alexander added, "At NYLX, we look to partner with innovative
and customer centric organizations and Radian definitely fits the
mold. Radian has consistently demonstrated that their customers
always come first and providing real value is a must. Our mutual
clients will benefit from this first of a kind offering."
For more information, visit www.radian.biz or www.nylx.com.
