Radian Guaranty, Philadelphia has begun has begun offering a title insurance alternative product called Radian Lien Protection as part of a website-based closing package. The new product insures lenders against a range of losses, particularly those caused by undisclosed property liens. It is designed to reduce title fees by more than 50% on refinances, second mortgages and home equity loans.The product, which is being offered in conjunction with ExpressClose, is part of a closing package that is accessible through a secure website. The closing package includes appraisals, credit reports, documentation, loan closings and access to closing documents. Radian's website is http://www.radianmi.com.
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