Radian Guaranty launches unified loss management platformMortgagePress.comRadian Guaranty, IndiSoft LLC, mortgage software, Guardian Pro, RxOffice software
Radian Guaranty, the mortgage insurance subsidiary of Radian
Group Inc., has announced that it has signed an agreement with
global software developer IndiSoft LLC to license the company's
RxOffice software. Branded internally under the Guardian Pro name,
the software will serve as the foundation for Radian's new unified
loss management platform.
A rules-based, internally facing software system, Guardian Pro
will automate all of Radian's loss management processes, including
work flows that were previously handled manually. One of the
system's strengths is that it will provide early notification of
cases that hold the most promise for resolution.
Cam Melchiorre, senior vice president of loss management for
Radian Guaranty, said the implementation of Guardian Pro would
increase Radian's ability to help distressed homeowners and
overburdened servicers.
"The implementation of Guardian Pro represents an exciting
evolution for Radian's loss management programs," he said. "As the
basis of a unified platform, this software will improve the overall
timeliness, quality and efficiency of our loss management
efforts.
"These are challenging times for the mortgage industry. Guardian
Pro will allow Radian to increase our own workload, while at the
same time, reduce the burden on our servicer clients, all centered
around our mutual goal of helping as many distressed homeowners as
possible remain in their homes.
As part of its licensing agreement with IndiSoft, Radian has
obtained a perpetual license for the software, which will run on
the company's own servers.
For more information, visit www.radian.biz or www.indisoft.us.
