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Eye on the Industry: Updates on Radian, NewDay USA, and More

Updates

From rebranding activities and new appointments to platform integrations and partnerships, get the latest insights into the mortgage market in this weekly update.

Radian Group Inc. announced that they are unveiling “bold, new visual identity” for the company. CEO Rick Thornberry explained, “Our new brand identity better communicates what Radian stands for today and what we aspire to be in the future.  It reflects our strong heritage and emphasizes our forward-thinking mindset.”

Radian and its subsidiaries offer a full spectrum of residential mortgage and real estate products and services, including mortgage and title insurance, appraisal products, non-agency securitization reviews, secondary marketing support, and custom insurance products for investors seeking to participate in emerging risk-sharing opportunities.

Thornberry added, “The new Radian is dedicated to disrupting existing business models to enable our customers to better transact and manage risk across the mortgage and real estate spectrum. Unlike traditional mortgage insurance companies, we’re able to offer a much broader, more diversified set of products and services to our customers.  That puts us in a unique position to deliver on the mortgage industry’s need for innovation as it adapts to new expectations for speed, transparency, and accountability.”

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The Maryland-based mortgage lender, NewDay USA, has announced that former Maryland Governor Bob Ehrlich has joined the company's Board of Advisors.

“Our advisory board plays an active role in support of our steadfast mission of helping veterans and their families achieve the American dream of homeownership and the financial security they deserve,” said Rob Posner, CEO of NewDay USA. “Governor Ehrlich’s understanding of the legislative and regulatory process, as well as his executive leadership as governor, make him an outstanding addition to our distinguished board and to NewDay’s mission of serving veteran families.”

As governor of Maryland from 2003 to 2007, Ehrlich served on the Maryland Veterans Home Commission and helped create the first cabinet-level Department of Disabilities in the country, for which he earned the Highest Recognition Award from the U.S. Secretary of Health and Human Services. Gov. Ehrlich also managed the most successful military base realignment and closure strategy in the country.

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Real-estate brokerage Redfin announced that it has appointed Daryl Fairweather as its new Chief Economist. Fairweather comes to Redfin from Amazon, where she served as a senior behavioral economist, leading a team of analysts and economists focused on improving employee performance and engagement. Her experience and research interests lie at the intersection of data analysis and individual decision-making, understanding how people's choices shape the economy.

"Redfin isn't just focused on purely academic questions about real estate, but the practical decisions people make about buying this or that house, now or later, for less than the asking price or more," said Redfin CEO Glenn Kelman. “… her work at the Federal Reserve interviewing people who lost their homes to foreclosure in the financial crisis has given her a human connection to the broad range of issues tied to the housing market: where Americans are choosing to live, when we start families and why, if we feel rich or poor, and whether our neighborhoods restrict or expand our opportunities."

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Roostify, a California-based digital lending solution, announced that its platform now offers a bi-directional integration with Ellie Mae’s Encompass digital mortgage lending platform. The seamless integration allows lenders to easily pass information between the two systems, driving quality and efficiency in the loan origination process.

“The enhanced integration between the Roostify platform and the Encompass digital mortgage solution makes it easier than ever for lenders to move loans forward faster with fewer manual touches, reducing operating costs and further improving the consumer experience,” said Sandeep Aji, VP of Products, Roostify.

About Author: Radhika Ojha

Radhika Ojha, Online Editor at the Five Star Institute, is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Dallas, Texas. You can contact her at Radhika.Ojha@theMReport.com.

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