{"id":539344,"date":"2021-09-16T16:33:08","date_gmt":"2021-09-16T20:33:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/radians-blockchain-backed-title-insurance-offering-launches-in-arizona-california-nevada-ohio-and-pennsylvania\/"},"modified":"2021-09-16T16:33:08","modified_gmt":"2021-09-16T20:33:08","slug":"radians-blockchain-backed-title-insurance-offering-launches-in-arizona-california-nevada-ohio-and-pennsylvania","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/radians-blockchain-backed-title-insurance-offering-launches-in-arizona-california-nevada-ohio-and-pennsylvania\/","title":{"rendered":"Radian\u2019s Blockchain-Backed Title Insurance Offering Launches in Arizona, California, Nevada, Ohio and Pennsylvania"},"content":{"rendered":"

<\/p>\n

Radian\u2019s Blockchain-Backed Title Insurance Offering Launches in Arizona, California, Nevada, Ohio and Pennsylvania<\/b><\/p>\n

PHILADELPHIA–(BUSINESS WIRE<\/a>)–
\nRadian Group Inc. (NYSE: RDN) today announced that its innovative title insurance and closing services offering, titlegenius, has launched in Arizona, California, Nevada, Ohio and Pennsylvania, following its initial debut in Florida. titlegenius platform provides a simple, transparent and secure way to order title insurance and closing services online, delivering value for both real estate agents and homebuyers.*\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210916005703\/en\/<\/a><\/p>\n

\"At<\/p>\n

At www.mytitlegenius.com, homebuyers can access the blockchain-enabled online portal that empowers them to shop for and save on title and closing services directly. (Photo: Business Wire)<\/p>\n<\/div>\n

\nAt www.mytitlegenius.com<\/a>, homebuyers can access the blockchain-enabled online portal that empowers them to shop for and save on title and closing services directly. The portal features easy-to-use tools that range from remote check capture to online notarization, helping homebuyers proceed through the closing process more quickly and confidently than ever before and increasing transparency, communication and information security for agents.\n<\/p>\n

\n\u201ctitlegenius is a significant leap forward in what consumers can expect from a title insurance experience,\u201d said Senior Executive Vice President, Chief Franchise Officer and Co-Head of Real Estate, Brien McMahon. \u201cTitle insurance has long been a \u2018black box\u2019 for homebuyers, but titlegenius provides a smart way for them to save on closing costs with the help of our innovative, patent-pending technology.\u201d\n<\/p>\n

A Better Process: Problems Solved by titlegenius <\/b><\/p>\n\n\n\n\n\n\n\n\n
\n

Pain Point<\/b><\/p>\n<\/td>\n

\n\n

Solution Provided by titlegenius <\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nLack of Choice \u2013 Homebuyers don\u2019t know that they can select a title company and get a better price.\n<\/p>\n<\/td>\n

\n\n

Quick and Easy Choices<\/b> \u2013 Consumers can use titlegenius to quickly and easily get a quote for title and settlement services and determine how much they would save.\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nHigh Costs \u2013 Title insurance and closing costs are too high, and often have add-on fees or high premium rates.\n<\/p>\n<\/td>\n

\n\n

Competitive Pricing <\/b>\u2013 titlegenius offers pricing that\u2019s competitive and easy to understand.\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nUncertainty \u2013 Homebuyers don\u2019t understand the closing process or what is expected of them.\n<\/p>\n<\/td>\n

\n\n

Tools and Roadmap<\/b> \u2013 titlegenius provides a digital roadmap to closing, real-time updates and streamlined, easy-to-use tools.\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nInefficiencies for Agents \u2013 The inability to quickly and efficiently complete tasks during the closing process impacts agents\u2019 ability to focus on growing their businesses.\n<\/p>\n<\/td>\n

\n\n

Transparent and Efficient Workflow <\/b>\u2013 Agents can access their entire transaction pipeline at a glance, download an earnest money receipt, communicate with their customers and provide commission disbursements in one place.\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nSecurity Concerns \u2013 Homebuyers and agents are concerned that personal documents are kept safe and that funds are transferred securely.\n<\/p>\n<\/td>\n

\n\n

Bank-Grade Encryption <\/b>\u2013 The titlegenius platform is protected by bank-grade encryption and dual authentication.\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nPoor Service and Delayed Closings \u2013 Agents rely on local providers who don\u2019t always have capacity to handle increased volume levels or issues that arise, sometimes causing delayed closings.\n<\/p>\n<\/td>\n

\n\n

Optimized, Hybrid Approach \u2013<\/b> titlegenius\u2019 hybrid approach leverages the best of centralized and local resources.\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nState-by-state availability of titlegenius by Radian will continue to expand in the coming months. This is part of the Radian family of companies\u2019 title and digital real estate businesses, which are collectively known as homegenius<\/b>. During Radian\u2019s virtual 2021 Real Estate Segment Investor Day<\/a>, the company previewed additional innovative homegenius offerings that will debut soon:\n<\/p>\n