Radian Partners with iQual to Support Homeowners with Newly Modified Mortgages
11 Avril 2013 - 3:00PM
Business Wire
Radian Guaranty Inc., the private mortgage insurance subsidiary
of Radian Group Inc. (NYSE:RDN), today announced it will offer a
unique service, ApprovalGUARD™, to encourage borrowers, who
recently modified their mortgages through the U.S. Department of
the Treasury’s Home Affordable Refinance Program (HARP), to remain
current on their new mortgage payments. HARP is designed to help
underwater borrowers refinance into a new, more affordable and
sustainable mortgage.
ApprovalGUARD, a proprietary service administered exclusively by
the iQual Corporation, is the only national consumer credit
advisory service that provides credit education coupled with a
personalized review of a consumer’s credit report through highly
trained credit advisors. In addition, each consumer is provided
real time access to their personal credit information, 24/7
electronic credit monitoring, credit reports, scores and home
property monitoring. Radian will select eligible homeowners for
complimentary, one year access to ApprovalGUARD.
“These borrowers have taken the first step to try to remain
current on their mortgage payments by having their loan modified,
and we believe it’s important to offer them tools to support their
efforts to stay in their home,” said Scott Theobald, Chief Risk
Officer for Radian Guaranty. “By offering them access to
ApprovalGUARD, we hope to empower these borrowers to make more
informed credit related decisions by better understanding how
credit works in conjunction with their personal credit goals.”
“With the multiplicity of credit products and the challenging
economy, it’s difficult for consumers to understand how to most
effectively manage their credit, given each person's unique issues
and goals. iQual simplifies these complexities by educating each
customer in a personalized manner to better understand their credit
situation and learn how to make more effective credit related
decisions,” said Jeff Mandel, the President and CEO of iQual
Corporation. “We are excited to be partnering with Radian and
respect its industry leadership and commitment to homeownership
growth and preservation.”
About Radian
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia,
provides private mortgage insurance and related risk management
products and services to mortgage lenders nationwide through its
principal operating subsidiary, Radian Guaranty Inc. These services
help promote and preserve homeownership opportunities for
homebuyers, while protecting lenders from default-related losses on
residential first mortgages and facilitating the sale of low-down
payment mortgages in the secondary market. Additional information
may be found at www.radian.biz.
About iQual Corporation
The iQual Corporation was founded in 2007. Its mission is to
help consumers obtain and stay in their homes through empowerment
fostered by credit education. The ApprovalGUARD service provides
each customer with personal credit information and direct access to
expert credit advisors who leverage this information to educate and
proactively guide the consumer on how to make better credit related
decisions.
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