PHILADELPHIA CREAM – (COMMERCIAL THREAD) – Radian Group Inc. (NYSE: RDN), today strengthened its strategic focus on its core mortgage and real estate businesses with digital products and services. In line with growing market demand for technology-driven solutions, Radian has announced the end of its traditional appraisal business, which offers residential real estate appraisal services through a panel of appraisers. independent. Radian will support existing customers using these traditional assessment products over the next several months to help with an orderly transition.
Radian continues to invest and offer its market-leading digital valuation services through its family of real estate companies. The Company’s automated valuation products and services are delivered through its proprietary technology platforms to lenders, services, investors and real estate agents. Using artificial intelligence (AI), machine learning and computer vision skills, Radian draws on a database of nearly two billion real estate images to develop insights into the micro-market, including understanding the condition and refined characteristics of the property, in order to more accurately and quickly assess the value of residential real estate. real estate across the country.
Radian’s suite of assessment services includes hybrid assessment solutions designed to reduce costs and accelerate turnaround times without compromising quality. These services, offered by Radian’s subsidiary Red Bell Real Estate, LLC, utilize technology, a comprehensive quality control process and review by an appraiser, and include amplified appraisal reports, reconciled BPOs by the assessor, restricted assessment reports and assessment risk reviews.
“We remain strategically focused on our core mortgage and real estate capabilities, and on our commitment to meet the evolving needs of our increasingly technology-driven clients. While our traditional assessment services no longer align with our digital business strategy, we remain committed to the fastest growing products in our assessment services portfolio, ”said Managing Director Rick Thornberry. “In today’s environment, the market demand for digital solutions is greater than ever. Radian’s future lies in delivering high-quality products and services through cutting-edge technology, data and analytics to make it easier for our customers.
Radian Group Inc. (NYSE: RDN) delivers the American dream of responsible and sustainable homeownership through products and services that include industry-leading mortgage insurance and a full suite of mortgage, risk, title services. , valuation, asset management and other real estate services. . We’re powered by technology, informed by data, and determined to deliver new and better ways to deal with and manage risk. Visit www.radian.com to learn more about how Radian is shaping the future of mortgage and real estate services.
Red Bell Real Estate, LLC and its wholly owned subsidiaries hold real estate licenses in every state and in the District of Columbia. The head office is located at 7730 South Union Park Avenue, Suite 400, Midvale, UT 84047. Redbellre.com | 877.707.1415
All statements in this press release that deal with events, developments or results that we expect or anticipate may occur in the future are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933. , Section 21E of the Exchange Act and the US Private Securities Litigation Reform Act of 1995. In most cases, forward-looking statements can be identified by words such as “anticipate”, “may”, “will be”. “,” Could “,” should “,” expect “,” intend “,” plan “,” objective “,” consider “,” believe “,” estimate “,” foresee “, “Project”, “potential”, “continue”, “seek”, “strategy,” “future”, “probable” or negative or other variations of these words and other similar expressions. These statements, which may include, but are not limited to, projections regarding our future performance and financial condition, are made based on the current beliefs and assumptions of management regarding future events. Any forward-looking statement is not a guarantee of future performance and actual results could differ materially from those contained in the forward-looking statement. These statements speak only as of the date on which they were made, and we assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or other. We operate in a changing environment where new risks emerge from time to time and it is not possible for us to predict all the risks that may affect us. Forward-looking statements, as well as our outlook as a whole, are subject to risks and uncertainties which could cause actual results to differ materially from those set forth in forward-looking statements.
For more information regarding these risks and uncertainties as well as certain additional risks that we face, you should refer to the risk factors detailed in section 1A of our Form 10-K 2019 and to subsequent quarterly reports on Form 10 -Q and other reports. from time to time filed with the SEC. We caution you not to place undue reliance on these forward-looking statements, which are only current as of the date on which we published this report. We do not intend and disclaim any obligation or obligation to update or revise forward-looking statements to reflect new information or future events or for any other reason.