Radian Appoints Jeff Tennyson as Interim President of Clayton
09 Mars 2016 - 12:30PM
Business Wire
Radian Group Inc. announced today that it has appointed Jeff
Tennyson to serve as interim president of Clayton Holdings LLC,
Radian’s principal mortgage and real estate services subsidiary,
effective immediately. The announcement follows the departure of
Joe D’Urso, the company’s former president, also effective
immediately.
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Jeff Tennyson, Interim President, Clayton
Holdings LLC. (Photo: Business Wire)
“Clayton is a leader in its industries and has provided Radian
with an excellent opportunity to grow and diversify,” said Radian’s
Chief Executive Officer S.A. Ibrahim. “Given Jeff’s deep knowledge
of the business, strong customer relationships and support of our
talented team, I have great confidence that he will help us
continue to achieve our strategic objectives and realize even
greater success.”
Radian acquired Clayton, a leading provider of risk-based
analytics, residential loan due diligence, consulting, surveillance
and valuation solutions, in June 2014. Tennyson, who joined Clayton
in February 2015 as chief operating officer, has been responsible
for Clayton’s U.S. business units including: Transaction
Management, Consulting, Surveillance, Green River Capital and
ValuAmerica. In his new role, Tennyson will be responsible for the
overall operating results of the company’s business lines.
Tennyson has more than 30 years of experience in the financial
services industry. Prior to joining Clayton, he was chief operating
officer of B2R Finance, L.P., a specialty finance company of the
Blackstone Group that provides mortgage financing for
owner/operators of single-family residential rental properties.
Prior to B2R, Tennyson was chairman and chief executive officer of
Strategic Lending Group and managing director of Strategic Growth
Bank. For 12 years, he was also chairman and chief executive
officer of EquiFirst Corporation, a national non-agency mortgage
lender and subsidiary of Barclays. Tennyson is a Certified Public
Accountant and holds a business degree from Harding University and
an MBA from Harvard Business School.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160309005300/en/
Radian Group Inc.Emily Riley,
215-231-1035emily.riley@radian.biz
Radian (NYSE:RDN)
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