PHILADELPHIA–(BUSINESS WIRE)–Oct 29, 2020–
Radian Group Inc. (NYSE: RDN), today reinforced its strategic focus on its core mortgage and real estate businesses, driven by digital products and services. Consistent with increased market demand for technology-driven solutions, Radian announced the wind down of its traditional appraisal business, which offers residential real estate appraisal services through a panel of independent contractor appraisers. Radian will support existing customers using these traditional appraisal products over the coming months in order to assist in an orderly transition.
Radian continues to invest in 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, servicers, investors, and real estate agents. Utilizing Artificial Intelligence (AI), machine learning and computer vision skills, Radian draws on a database of nearly two billion real estate images to develop micro market insights,