iQual has signed an agreement to provide its ApprovalGUARD service to Radian Guaranty, the private mortgage insurance subsidiary of Radian Group (RDN).
The ApprovalGUARD will support Radian Guaranty's borrowers, who recently modified their mortgages through the US Department of the Treasury's Home Affordable Refinance Program (HARP), to remain current on their new mortgage payments.
HARP intends to help underwater borrowers refinance into a new, more affordable and sustainable mortgage.
The only national consumer credit advisory service, ApprovalGUARD provides credit education with a personalized review of a consumer's credit report through highly trained credit advisors.
Real time access to their personal credit information, 24/7 electronic credit monitoring, credit reports, scores and home property monitoring will be provided to eligible homeowners with complimentary, one year access to ApprovalGUARD.
Radian Guaranty chief risk officer Scott Theobald said, "By offering them access to ApprovalGUARD, we hope to empower these borrowers to make more informed credit related decisions by better understanding how credit works in conjunction with their personal credit goals."
