Radian Group
Radian Group Inc. is a prominent provider of mortgage and real estate services in the United States, operating through two main segments: Mortgage Insurance and Services. The Mortgage Insurance segment focuses on delivering credit-related insurance coverage, primarily through private mortgage insurance for residential first-lien mortgage loans, catering to various lending institutions, including mortgage bankers, commercial banks, and credit unions. In addition, the Services segment offers a range of mortgage-related services, including transaction management, loan review, securitization of residential mortgage-backed securities, and distressed asset evaluations. It also provides real estate services such as asset management, valuation, and brokerage, alongside title services that encompass title insurance and closing services. Radian is committed to promoting homeownership while assisting lenders in managing default-related risks, with insurance premiums constituting a significant portion of its revenue. Founded in 1977 and headquartered in Philadelphia, Pennsylvania, Radian continues to support clients and investors in navigating the complexities of the mortgage and real estate markets.
7 past transactions
FinLocker
Series B in 2024
FinLocker, LLC is a financial technology company based in St. Louis, Missouri, founded in 2014. It specializes in developing a consumer-enabled financial data platform that enhances the loan process for mortgages and various financial products. FinLocker provides a personal financial assistant tool that captures essential borrower data with consumer consent, utilizing intelligent analytics to offer tailored loan product recommendations based on individual financial profiles. Its solutions aim to streamline lending processes by improving data collection, verification, and analytics, thereby reducing costs, time, and risks for lenders. Additionally, FinLocker enhances the borrower experience by enabling consumers to manage their finances more effectively, apply for loans with reduced documentation hassles, and control data sharing.
FinLocker
Corporate Round in 2024
FinLocker, LLC is a financial technology company based in St. Louis, Missouri, founded in 2014. It specializes in developing a consumer-enabled financial data platform that enhances the loan process for mortgages and various financial products. FinLocker provides a personal financial assistant tool that captures essential borrower data with consumer consent, utilizing intelligent analytics to offer tailored loan product recommendations based on individual financial profiles. Its solutions aim to streamline lending processes by improving data collection, verification, and analytics, thereby reducing costs, time, and risks for lenders. Additionally, FinLocker enhances the borrower experience by enabling consumers to manage their finances more effectively, apply for loans with reduced documentation hassles, and control data sharing.
Covered Insurance Solutions
Corporate Round in 2020
Covered Insurance Solutions, Inc., established in 2016 and headquartered in Denver, Colorado, operates a web-based marketplace for insurance buyers. Its platform enables consumers to shop for home and auto insurance from various insurance carriers, streamlining the process with modern comparison technology and digital-friendly customer service. The company aims to simplify insurance purchasing, allowing customers to quickly compare quotes and receive immediate assistance from licensed agents. Additionally, Covered serves mortgage originators by facilitating faster deal closures through simplified insurance acquisition processes.
Five Bridges
Acquisition in 2019
Five Bridges Advisors LLC, founded in 2008 and based in Bethesda, Maryland, specializes in mortgage analytics and advisory services for various market participants. The firm provides a web-based portal called Javelin, enabling clients to manage portfolios, conduct analytics, order collateral valuations, and assess risk. In addition to its software solutions, Five Bridges offers advisory services in capital markets, valuation, compliance, and real estate, along with a range of data and analytics services. These include mortgage default management, mortgage origination solutions, property information, and real estate analytics. The company serves diverse markets, including capital, government, real estate, legal, origination, compliance, and servicing. In January 2019, Five Bridges was acquired by Radian Group Inc.
Independent Settlement Service
Acquisition in 2018
Independent Settlement Services, LLC, founded in 2005 and based in Pittsburgh, Pennsylvania, specializes in providing property appraisal and title management services tailored for the real estate finance industry. As a subsidiary of Red Bell Real Estate, the company is committed to delivering high-quality, compliant services to mortgage originators, mortgage servicers, quality control firms, and due diligence companies. Independent Settlement Services offers a broad range of services, including mortgage filings, document recording, document preparation, forensic reviews, automated valuation models, property inspections, deed reporting, notary closings, and commercial property appraisals. By leveraging advanced technology and an experienced team, the company aims to meet the diverse needs of its clients while maintaining the highest standards of service and quality.
Radian Title Insurance
Acquisition in 2018
Radian Title Insurance, headquartered in Stamford, Connecticut, is the parent company of EnTitle Insurance Company, which operates as the first direct-to-consumer title insurance provider in the United States. This innovative approach allows customers to purchase title insurance directly, resulting in significant cost savings. The company utilizes the ENTITLE DIRECT website as its primary distribution channel, streamlining the process for consumers seeking title insurance solutions. Through its focus on direct engagement with customers, Radian Title Insurance aims to enhance the efficiency and accessibility of title insurance services in the market.
Clayton Holdings
Acquisition in 2014
Clayton Holdings is a business specializing in analytics, consulting, and outsourcing services for the mortgage industry. They assist clients in successfully completing mortgage transactions, managing portfolios, and operating efficiently by offering services such as transaction management, credit risk management, compliance products, professional staffing, and consulting. Their expertise lies in serving primary, capital, and investor markets within the mortgage-backed security (MBS) sector.
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