Two pieces of news provide a flicker of hope amid the doom and gloom.
Radian Guaranty Inc., a mortgage insurance (MI) subsidiary of Radian Group Inc., announced the availability of its MI rate finder app, Radian Rates, for Android devices on Google Play.
Radian Rates is a mobile version of the company's existing online rate finder and offers lenders on-the-go access for a Radian MI rate.
According to the company, just like the iPhone and iPad version launched this past September, app users can simply input loan criteria and the app automatically calculates the MI rate for a variety of Radian products. Backed by the company's published rates and guidelines, Radian Rates was designed for users to check eligibility and compare options to find the product that best fits their needs.
"We developed Radian Rates as another way to make it quicker and easier for our lending partners to do business with us," said Brien McMahon, Radian's chief franchise officer and head of sales. "Based on the positive feedback from our App StoreSM release, we wanted to expedite a version for Android to ensure we were providing all of our customers with the ability to access our rates in seconds on their smartphone, wherever they are, to better accommodate their busy schedules."
Radian Group Inc. provides private mortgage insurance and related risk management products and services to mortgage lenders nationwide.
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