Radian and National Association of Hispanic Real Estate Professionals Extend Partnership for 3 Years
03 Mars 2016 - 12:30PM
Business Wire
Radian Guaranty Inc., the private mortgage insurance subsidiary
of Radian Group Inc. (NYSE: RDN), today announced the three year
extension of its exclusive partnership with the National
Association of Hispanic Real Estate Professionals (“NAHREP”), the
nation’s largest housing industry trade group for Latinos. With
this partnership, Radian will continue to help NAHREP’s 20,000+
members to better serve Hispanic homebuyers and ease the home
buying process.
With the mutually agreed renewal of the partnership, Radian will
educate NAHREP members and lenders alike about private mortgage
insurance by further developing the nationwide training program
through on-demand training, in-person informational sessions, and
video and interactive webinars.
“Over the past two years, Radian and NAHREP have made important
inroads into educating the Latino community on how to navigate the
home buying process. As we go forward together, we are confident
our combined efforts will be part of the solution in helping to
advance this community of four million home seekers transition from
the increasingly unaffordable rental model to home ownership,” said
Brian McMahon, Radian’s Chief Franchise Officer.
Since it was established in October 2013, the strategic
partnership between NAHREP and Radian is credited with implementing
the following initiatives:
- Regional and national training
engagements through NAHREP across a network of over 30 local
chapters
- Enrollment of over 100 lenders,
community banks and credit unions with Radian and NAHREP
- Comparative tutorials of Conventional
vs. FHA promoting expanded conventional mortgage (private MI)
options for NAHREP members and their customers
- Title sponsor for annual Top 250 Latino
Mortgage Loan Originator report recognizing best in class
professionals serving Hispanic home buyers
- NAHREP’s support for policy
positions
“NAHREP is proud to continue our association with Radian for a
new three year term,” said Gary Acosta, co-founder, NAHREP. “Radian
has proven a great resource for our professionals who, by applying
what they’ve learned about mortgage options and innovative
financing solutions available to low down payment borrowers, are
helping ease the home buying process for the increasing numbers of
Hispanic Americans seeking to achieve the dream of a home of their
own.”
The renewal of this partnership comes at a time of rapid growth
in the number of Hispanic households. According to the Harvard
Joint Center for Housing Studies, Latinos are expected to
constitute 40 percent of the 17 million new households formed from
2010 to 2025.
About Radian
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia,
provides private mortgage insurance, risk management products and
real estate services to financial institutions. Radian offers
products and services through two business segments:
- Mortgage Insurance, through its
principal mortgage insurance subsidiary Radian Guaranty Inc. This
private mortgage insurance protects lenders from default-related
losses, facilitates the sale of low-downpayment mortgages in the
secondary market and enables homebuyers to purchase homes more
quickly with downpayments less than 20%.
- Mortgage and Real Estate
Services, through its principal services subsidiary Clayton, as
well as Green River Capital, Red Bell Real Estate and ValuAmerica.
These solutions include information and services that financial
institutions, investors and government entities use to evaluate,
acquire, securitize, service and monitor loans and asset-backed
securities.
Additional information may be found at www.radian.biz.
About NAHREP
The National Association of Hispanic Real Estate Professionals,
a nonprofit 501(c) 6 trade association, is dedicated to advancing
sustainable homeownership among Latinos by educating and empowering
the real estate professionals who serve them. NAHREP is the premier
trade organization for Hispanics and has more than 20,000 members
in 48 states and 35 affiliate chapters.
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version on businesswire.com: http://www.businesswire.com/news/home/20160303005431/en/
Radian Group Inc.Emily Riley,
215-231-1035emily.riley@radian.biz
Radian (NYSE:RDN)
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