An iPhone app released by Radian Guaranty allows users to check eligibility and calculate rates for the Philadelphia-based mortgage insurer’s products.
The Radian Rates app provides free mobile access to Radian’s online rate search and quoting tools. Users who download the app on their iPhone or iPad devices enter loan criteria to calculate rates for Radian’s private MI products.
Mobile devices continue to be an area of growth for technology and services vendors in the mortgage industry. Radian’s announcement comes the same day that iPhone maker Apple is expected to announce the next-generation version of its smartphone. For months, analysts have speculated that the device they’ve dubbed the “iPhone 5” will include a larger screen, faster processor and redesigned charger connector. Media reports ahead of Wednesday’s announcement uncovered inactive links on Apple’s website that seem to indicate that the device will indeed be called the iPhone 5 and include enhanced data speeds via LTE, or Long Term Evolution, mobile networking technology.
“With the Radian Rates app, our lending partners can access our rates in seconds, wherever they are,” Radian said in a press statement. “Investing in this type of technology further demonstrates our commitment to being the MI partner of choice for lenders.”