LenderLive Network Inc., a company that provides business process outsourcing and technology to the financial industry, announced that it has deployed a comprehensive system for Radian Guaranty Inc.’s nationwide network of contract underwriters. “With such an extensive group of underwriters that span the entire country, Radian needed a single system in place to manage data and better distribute information to lenders,” said Rick Seehausen, president and CEO of LenderLive.
LenderLive has developed an enterprise class system to serve as a workflow tool that will help Radian consolidate and streamline its underwriting and cost-effectively meet fluctuating market demands. The end product is an enhancement of LenderLive’s existing contract underwriting platform and will be private-labeled with the Radian brand.
“By automating our contract underwriting processes within a single system, we enable Radian’s contract underwriters to input and manage loans faster and more accurately,” said John Brady, vice president of business solutions at Radian. “In addition, LenderLive provides Radian with the ability to add additional services and processes as needed in the future.”
LenderLive’s contract underwriting services provide clients the ability to engage the company to perform either pre-purchase loan underwriting to determine eligibility and adherence with underwriting guidelines, or to manage loan underwriting from conditional approval through final approval. Contract underwriting is one of the component services available through LenderLive’s contract services division, which offers a variety of outsourced services, such as quality control, closing coordination and contract processing. The company has several other channels of business that provide comprehensive mortgage-related outsourcing services, including retail, wholesale, specialty origination and settlement services.
For more information, visit www.lenderlive.com or www.radian.biz.