Radian’s Blockchain-Backed Title Insurance Offering Launches in Arizona, California, Nevada, Ohio and Pennsylvania
September 16 2021 - 4:30PM
Business Wire
Radian Group Inc. (NYSE: RDN) today announced that its
innovative title insurance and closing services offering,
titlegenius, has launched in Arizona, California, Nevada, Ohio and
Pennsylvania, following its initial debut in Florida. titlegenius
platform provides a simple, transparent and secure way to order
title insurance and closing services online, delivering value for
both real estate agents and homebuyers.*
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the full release here:
https://www.businesswire.com/news/home/20210916005703/en/
At www.mytitlegenius.com, homebuyers can
access the blockchain-enabled online portal that empowers them to
shop for and save on title and closing services directly. (Photo:
Business Wire)
At www.mytitlegenius.com, homebuyers can access the
blockchain-enabled online portal that empowers them to shop for and
save on title and closing services directly. The portal features
easy-to-use tools that range from remote check capture to online
notarization, helping homebuyers proceed through the closing
process more quickly and confidently than ever before and
increasing transparency, communication and information security for
agents.
“titlegenius is a significant leap forward in what consumers can
expect from a title insurance experience,” said Senior Executive
Vice President, Chief Franchise Officer and Co-Head of Real Estate,
Brien McMahon. “Title insurance has long been a ‘black box’ for
homebuyers, but titlegenius provides a smart way for them to save
on closing costs with the help of our innovative, patent-pending
technology.”
A Better Process: Problems Solved by
titlegenius
Pain Point
Solution Provided by
titlegenius
Lack of Choice – Homebuyers don’t know
that they can select a title company and get a better price.
Quick and Easy Choices – Consumers
can use titlegenius to quickly and easily get a quote for title and
settlement services and determine how much they would save.
High Costs – Title insurance and closing
costs are too high, and often have add-on fees or high premium
rates.
Competitive Pricing – titlegenius
offers pricing that’s competitive and easy to understand.
Uncertainty – Homebuyers don’t understand
the closing process or what is expected of them.
Tools and Roadmap – titlegenius
provides a digital roadmap to closing, real-time updates and
streamlined, easy-to-use tools.
Inefficiencies for Agents – The inability
to quickly and efficiently complete tasks during the closing
process impacts agents’ ability to focus on growing their
businesses.
Transparent and Efficient Workflow
– Agents can access their entire transaction pipeline at a glance,
download an earnest money receipt, communicate with their customers
and provide commission disbursements in one place.
Security Concerns – Homebuyers and agents
are concerned that personal documents are kept safe and that funds
are transferred securely.
Bank-Grade Encryption – The
titlegenius platform is protected by bank-grade encryption and dual
authentication.
Poor Service and Delayed Closings – Agents
rely on local providers who don’t always have capacity to handle
increased volume levels or issues that arise, sometimes causing
delayed closings.
Optimized, Hybrid Approach –
titlegenius’ hybrid approach leverages the best of centralized and
local resources.
State-by-state availability of titlegenius by Radian will
continue to expand in the coming months. This is part of the Radian
family of companies’ title and digital real estate businesses,
which are collectively known as homegenius. During Radian’s
virtual 2021 Real Estate Segment Investor Day, the company
previewed additional innovative homegenius offerings that will
debut soon:
- geniusbuyer: This qualified agent program is being
developed to identify, engage and leverage brokers across the
country to provide homebuyers and sellers the best real estate
experience with the right real estate professional.
- geniusprice: An intelligent pricing technology
designed to lead the industry into the future with predictive
modeling, artificial intelligence, and automation working together
for the delivery of estimated property values with unparalleled
accuracy in an instant.
- geneuity: A sophisticated yet simple platform, which
combines artificial and machine learning technologies with the
tools agents need to do their jobs, into a single, powerful
workflow system that is intended to deliver on the promise to make
them “the smartest agent in the room.”
The services described herein are provided by one or more Radian
Group Inc. affiliates, including services provided by its licensed
insurance affiliates or other entities. Title insurance is provided
and underwritten by Radian Title Insurance Inc., 6100 Oak Tree
Blvd, Suite 200, Independence, OH 44131, Tel: 877.936.8485, NAIC#:
51632, CA- License# 5093-0. FL – Title insurance license
#34-1252928 (not licensed in AK, HI, ID, IA, ME, MI, NH, NJ, VT and
WY). Title Services are provided by Radian Title Insurance Inc. and
Radian Settlement Services Inc., 1000 GSK Drive, Suite 210,
Coraopolis, PA 15108, Tel: 800.646.8258, FL- Non-Resident Title
Agency #A271379, both wholly owned subsidiaries of Radian Group
Inc. Radian Settlement Services Inc. is a title insurance agency
for Radian Title Insurance Inc.
About Radian
Radian Group Inc. (NYSE: RDN) 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 learn
more about how Radian is shaping the future of mortgage and real
estate services.
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version on businesswire.com: https://www.businesswire.com/news/home/20210916005703/en/
For Investors: John Damian - Phone: 215.231.1383 email:
john.damian@radian.com
For the Media: Rashi Iyer - Phone 215.231.1167 email:
rashi.iyer@radian.com
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