Philadelphia-based Radian Group Inc has acquired Independent Settlement Services, a national appraisal, and title management company. The company said that this acquisition is consistent with its growth and diversification strategy, and its focus on the core product offerings of its Title, Mortgage, and Real Estate Services businesses.
Independent Settlement Services provides real estate information and valuation solutions in all 50 states and offers proprietary disruptive technology through its Vendor Information Bridge (VIBe), a web-based, fully-integrated, real-time vendor management and settlement services technology system. VIBe provides lenders, appraisers, servicing firms, due diligence firms, and appraisal-management companies with a fully-automated platform to manage the ordering and delivery of products and services.
“We are pleased to welcome Independent Settlement Services to the Radian family of companies, expanding our capabilities and providing our customers with the real estate information and valuation solutions they need, powered by best-in-class technology,” said Radian’s CEO Rick Thornberry.
Independent Settlement Services will operate under its current brand and continue to provide the same level of quality products and services to its customers through its office in Pittsburgh, Pennsylvania. Ed Chezosky, one of the company’s founders, along with the existing senior management team, will continue to lead the day-to-day operations with a focus on serving their customers and growing their business, as well as exploring additional opportunities to offer new and existing services to Radian’s established customer base. In the coming months, Independent Settlement Services will transition to the new One Radian brand identity as an integral part of the company’s Real Estate Services business, Radian said in a statement.
Radian is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, real estate, and title services. The company is powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk.