Radian Announces Strategic Investment in FinLocker to Focus on Delivering a Personalized Data-Driven Journey to Empower Homeownership

Radian Group Inc. (NYSE: RDN), announced today that it has made a strategic investment in FinLocker, a personal financial fitness and homeownership tool. By leveraging advanced technology, FinLocker aggregates and analyzes a consumer’s financial data, offering personalized paths to mortgage eligibility and other financial transactions. Terms of the investment were not disclosed.

The investment aligns with Radian’s commitment to ensuring the American dream of homeownership responsibly and sustainably through products and services that span the mortgage and real estate spectrum, while also deepening relationships with its customers by introducing them to unique and relevant solutions to help build their businesses. FinLocker and Radian’s homegenius business share a strategic focus on creating a personalized and data-driven experience for home buyers and sellers, and all the professionals who guide them to success in their homeownership journey.

FinLocker’s customers primarily include mortgage lenders, banks, credit unions, and other financial service providers, which private-label the FinLocker tool with their brand to generate and nurture leads, stay meaningfully engaged with consumers throughout their homeownership journey, streamline the mortgage loan process, and cross-sell value-added products with the goal of creating customers for life.

“Radian and homegenius relentlessly seek to make homeownership more easily achievable and to help our business partners accomplish that goal more efficiently. FinLocker also does both of those things,” said Radian Chief Executive Officer Rick Thornberry. “As we continue to help redefine the homebuying process, we are delighted to invest in innovative companies such as FinLocker which are leading the way.”

FinLocker empowers consumers to manage their financial life with financial account management, budgeting, net worth, spending and cash flow analysis. The platform also offers mortgage and financial education, credit score monitoring, credit report access, and tools to improve credit, pay down debt, save for a down payment, track progress toward mortgage eligibility, and initiate real estate searches. Importantly, consumers have complete control over the financial data they share with lenders for loan decisioning, enhancing privacy and security.