Radian Group Inc. has acquired Five Bridges Advisors, LLC, a developer of proprietary software, data analytics and predictive models leveraging artificial intelligence, machine learning and traditional econometric techniques.
The acquisition is consistent with Radian’s growth and diversification strategy, as well as its focus on the core product offerings of its Title, Mortgage and Real Estate Services. Five Bridges is a thought leader in mortgage, consumer and real estate analytics and its cloud-based portal utilizes deep 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.
Radian Chief Executive Officer Rick Thornberry commented, “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. 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.”
Five Bridges will operate under its current brand and provide the same level of quality products and services to its customers through its offices in Bethesda, Maryland. Co-founders Steve Gaenzler and Michael Youngblood, PhD, will both continue with the business. Mr. Gaenzler will continue to run the day-to-day operations and will report to Eric Ray, senior executive vice president, Technology and Transaction Services for Radian. 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.
Radian offers products and services that include mortgage insurance and a comprehensive suite of mortgage, risk, real estate, and title services. The company is powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk.
About The Author
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at firstname.lastname@example.org.