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Radian announces integration with Prime Alliance loan origination platform

Oct 06, 2009

Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., has announced its integration with the Prime Alliance loan origination platform, an end-to-end, paperless mortgage technology solution for the credit union industry. The Prime Alliance platform provides a unique, “anytime, anywhere, anyone” mortgage lending technology specifically tailored for the credit union community. Through any Internet-connected PC, credit union loan officers and mortgage staff can gain up-to-the-minute information on their loans--from origination through closing. “Prior to this, Prime Alliance customers had to leave the system to order Radian mortgage insurance,” said Tony Bruschi, CMB, vice president of secondary marketing at Radian. “But with this integration, Radian has further demonstrated its commitment to the credit union segment-- 40 percent of which use Prime Alliance for their loan origination needs--and made it easier for their users to leverage the value of Radian’s mortgage insurance options.” Radian is offering its exclusive Free After Five product through the platform, which allows for automatic mortgage insurance termination after five years, provided the borrower has maintained a good payment history. Additionally, Prime Alliance customers will automatically qualify for Radian’s Platinum Guidelines Program, which offers more flexibility than the company’s Standard Guidelines Program. Bruschi, who was recently appointed a member of the American Credit Union Mortgage Association’s (ACUMA) Education Committee, also noted that Radian has signed up 225 new credit union Master Policies since it began working on its Prime Alliance integration in 2008. Currently, the company has 53 active Master Policies with Prime Alliance customers, and will be working to add more within the next year. For more information, visit Radian.biz.
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Oct 06, 2009
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