Radian basks in afterglow of positive earnings report

As for the future: “We’re also, as a business, pleased with the start of 2022 and we’re focused on our three areas of strategic value creation – growing the economic value and future earnings of our mortgage insurance portfolio, growing our homegenius business and managing our capital resources.”

Boasting of continual efforts toward “changing real estate from search to close,” Radian has been touting its homegenius product comprising data that “informs decisions, analytics that reveal insights, technology that drives efficiency, relationships that create opportunity,” according to its corporate literature. The fintech business is extolled by the company as “next level proprietary analytics and stunning visualization models reveal insights others simply don’t have.”

Thornberry agreed that Radian’s focus on offering mortgage insurance (MI) as a pathway to affordable homeownership may have helped inure it to drastic market forces – rising rates, inflation, soaring property values – that affect other industry players more acutely. Other than MI, Radian offers a comprehensive suite of real estate products and services covering mortgage, risk, title, valuation, real estate asset management and more. The company helps low- and moderate-income borrowers who are unable to make the customary 20% down payment to qualify for a conventional government-sponsored enterprise loan.

“The purchase market continues to remain strong, and is fueled by first-time homebuyers,” he told MPA. “First-time homebuyers and homebuyers in general are much more likely to have less than 20% to put down and use an MI product. That’s really providing some strong tailwinds for long-term growth in the economic value of our insurance portfolio.”