Radian Settlement Services, a subsidiary of Radian Group Inc. (NYSE:RDN), today launched a digitally-enhanced title review process known as Radian Ready that provides:
- Accurate title searches powered by Radian title technology;
- Simplified title reports that give borrowers clear curative actions and turn times;
- Seamless workflows that streamline the transition from title production to title curative; and
- End-to-end service from the Radian Title Services team.
By easing the transition between title production and title curative, Radian Ready cuts the clear to close timeframe down by days. This new technology-driven process, which leverages a powerful data and analytics platform, can significantly shorten and simplify the title insurance approval process for Radian customers.
With Radian Ready, title documents will be routed into one of three categories based on a simplified grading system:
- Radian Ready graded title documents are instantly approved clear to close.
- Radian Rapid graded title documents indicate there are items on title that are expected to be clear to close in 1-5 business days.
- Radian Traditional graded title documents indicate there are items on title that will take 5 or more business days to clear.
If there are outstanding items to clear, Radian will identify exactly what those items are and provide a plain language explanation to the customer of how those items will be cured. This simplified report is unique in the industry and provides both the lender and borrower with the advantage of a clear explanation and timeline.
“With an innovative technology platform combined with a high level of end-to-end customer service from search through closing, Radian Ready clears the way for quicker closings and enables borrowers to know where they stand at every step of the process,” said Jill Cadwell, Senior Vice President, Title Operations. “The launch of Radian Ready is a key milestone in Radian’s pursuit to transform the title insurance and closing process—we are leveraging our unique technology, data and analytics to disrupt the traditional title process and enable a seamless experience for our customers.”
For more information about Radian Ready, visit radian.com/readytitle.
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, title, valuation, asset management and other real estate services. We are powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk. Visit www.radian.com to see how Radian is shaping the future of mortgage and real estate services.