Shares of Radian Group Inc (NYSE:RDN) ended Friday session in red amid volatile trading. The shares closed down -0.06 points or -0.43% at $13.74 with 2.00 million shares getting traded. Post opening the session at $13.75, the shares hit an intraday low of $13.68 and an intraday high of $13.83 and the price vacillated in this range throughout the day. The company has a market cap of $2.97 billion and the numbers of outstanding shares have been calculated to be 214.36 million shares.
On September 8, 2016 Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. (RDN), now offers Radian MI for non-delegated data and document submission through a direct integration with the Ellie Mae’s Encompass® all-in-one mortgage management solution. The seamless integration allows lenders to access Radian’s solutions directly through Encompass to drive quality and efficiency in the loan origination process.
This integration allows Radian MI to be offered for non-delegated loans directly through Encompass. The integration will streamline the loan origination process for both Radian and Ellie Mae customers, by allowing them to order Radian MI for non-delegated loans, upload loan documents and get real time rate quotes directly via one simple process.
Ellie Mae is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae’s Encompass all-in-one mortgage management solution provides one system of record that enables banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency.
“At Radian, we are always working to accomplish one of our top priorities – making it easier than ever to do business with us,” said Brien McMahon, Radian’s chief franchise officer and head of sales. “Our secure, seamless integration with Encompass enables our clients to simplify the process of ordering our products and services, so they can more efficiently process mortgage loans and grow their business. We look forward to a long, successful relationship with Ellie Mae.”
Shares of Medical Properties Trust, Inc. (NYSE:MPW) ended Friday session in green amid volatile trading. The shares closed up +0.08 points or 0.54% at $14.96 with 1.98 million shares getting traded. Post opening the session at $14.82, the shares hit an intraday low of $14.73 and an intraday high of $15.02 and the price vacillated in this range throughout the day. The company has a market cap of $3.73 billion and the numbers of outstanding shares have been calculated to be 243.14 million shares.
Medical Properties Trust, Inc. (MPW) on August 24, 2016 announced the election of Michael G. Stewart and C. Reynolds Thompson, III to its board of directors.
Stewart, presently a private investor and an attorney with broad healthcare experience, was Executive Vice President, General Counsel and Secretary of Medical Properties Trust from 2005 to 2010. He also is a published author with four novels to his credit.
Thompson is Chairman and Chief Investment Officer of Select Strategies Realty of Cincinnati, a privately held real estate company specializing in retail and mixed-use properties in the Southeast and Midwest.
A native of south Alabama, Stewart earned a B.S. in Business Administration from Auburn University and a J.D. from Samford University’s Cumberland School of Law. After practicing healthcare law for six years with two different Birmingham firms, he joined Complete Healthcare Services, Inc., a managed care company, serving as Vice President and General Counsel. He then guided Complete Health through its merger with United Healthcare, Inc., where he filled a similar role.
Mr. Stewart joined MPT in 2004 as General Counsel, working with the company’s three original founders to establish a strong foundation for the business. In January 2005, he was named Executive Vice President and General Counsel and played a key role in managing legal matters related to the company’s listing on the New York Stock Exchange in July of that year. Five years later, he left the company to pursue his writing interest.
A native of Greenville, Alabama, Thompson earned a B.S. degree with special attainments in Commerce from Washington & Lee University. Following graduation, he moved to Atlanta and began his career with SunTrust Bank, working in commercial lending. Two years later, he joined a private real estate company that was subsequently purchased by a publicly traded REIT, Carr America Realty. During his 12 years there, he handled progressively more responsible positions.
Mr. Thompson joined Birmingham-based Colonial Properties Trust in 1997. Over a 16-year career, he served Colonial as Chief Investment Officer, Chief Operating Officer, Chief Executive Officer and finally President and Chief Financial Officer, building the portfolio of this publicly traded REIT to more than $4 billion. He left the company in 2013 and joined Select Strategies Realty the following year. There he is responsible for investment activities and investment management services.
Mr. Thompson is a member of the Board of Visitors of the Culverhouse College of Business at the University of Alabama. He previously served on the Board of Governors of the National Association of Real Estate Investment Trusts, the Board of Directors of the Birmingham Business Alliance and United Way of Central Alabama.
“We are pleased to welcome Mike Stewart and Reynolds Thompson to the Board of Medical Properties Trust, Inc.,” said Edward K. Aldag, Jr., MPT’s Chairman, President and Chief Executive Officer.
“Both of these individuals bring tremendous talent to the board and their insights and experience in healthcare and in public companies will be welcomed as they help us guide MPT to new heights.”