Radian Acquires Data Analytics and Predictive Model Provider
January 17, 2019
Radian Group Inc. recently acquired Maryland-based Five Bridges Advisors LLC, a developer of proprietary software, data analytics and predictive models leveraging artificial intelligence, machine learning and traditional econometric techniques.
In a release, Radian said the acquisition is consistent with its growth and diversification strategy, as well as its focus on the core product offerings such as title, mortgage and real estate services. Five Bridges uses analytics to provide customers with valuation and risk management tools that span the entire loan lifecycle, from underwriting and origination to servicing, secondary market purchase and securitization.
Last year, Radian acquired Entitle Direct, which is licensed as a title insurance underwriter in 40 states. In addition, Radian announced in December that it had rebranded ValuAmerica as Radian Settlement Services Inc.
“We are delighted to welcome Five Bridges to the Radian family of companies, expanding our capabilities and providing our customers across the country with new levels of service and innovation across the residential mortgage and real estate spectrum,” said Rick Thornberry, CEO of Radian. “This acquisition is another example of how Radian is reengineering and revolutionizing existing industry business models to enhance the overall value proposition for our customers.”
In 2019, Five Bridges will transition to the new One Radian brand identity as an integral part of the company’s title, mortgage and real estate services.
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