Radian Guaranty, the mortgage insurance subsidiary of Radian Group Inc., has signed an agreement with global software developer IndiSoft LLC to license the company's RxOffice software. Branded internally under the Guardian Pro name, the software will serve as the foundation for Radian's new unified loss management platform.
A rules-based, internally facing software system, Guardian Pro will automate Radian's loss management processes, including workflows that were previously handled manually. One of the system's strengths is that it will provide early notification of cases that hold the most promise for resolution, the companies say.
Cam Melchiorre, senior vice president of loss management for Radian Guaranty, says the implementation of Guardian Pro will allow Radian to increase its workload and improve the overall timeliness and efficiency of the company's loss management efforts.
As part of its licensing agreement with IndiSoft, Radian has obtained a perpetual license for the software, which will run on the company's own servers.
SOURCES: Radian Guaranty, IndiSoft