Prommis Solutions and Radian Partner on Loss Mitigation Program

Mortgage Solutions Providers Team Up, Help Homeowners Keep Foreclosure at Bay
ATLANTA--(Business Wire)--
Prommis Solutions,anationwideBusiness Process Outsourcing ("BPO") provider of
default processing services for law firms and trustees, and loss mitigation
fulfillment services to mortgage servicers, investors and insurers, announced
its partnership with Philadelphia-based, Radian Guaranty Inc., a provider of
private mortgage insurance and related risk management products and services to
mortgage lenders nationwide, to offer assistance to thousands of Americans who
are in jeopardy of losing their homes through foreclosure. In the month of May
alone, Prommis reached out to more than 4,600 homeowners whose mortgages are
insured with Radian. Through a combination of loan modifications and forbearance
plans, Prommis and Radian expect to help thousands of families over the next
several years to maintain their homeownership.

Recognizing that one of the largest obstacles to overcome in most loss
mitigation programs is establishing contact with the borrowers, Prommis is
facilitating communication between the lender/servicer and the borrower through
mailings and outbound calling campaigns, and through diligent follow-up efforts,
ensuring that as many homeowners as possible have the opportunity to receive
assistance.

"It is paramount that as a mortgage solution provider, we join forces with a
company like Radian to help prevent foreclosures and proactively turn the
mortgage industry crisis around," said Brandon Barnett, chief operations officer
for Prommis. "The response to the campaign is positive. We have received a high
volume of inbound calls that have resulted in completed financial packages. When
homeowners keep their homes, that`s a real success for us, a win-win for all."

Radian is involved in the Homeowner Affordability and Stability Plan (HASP), a
comprehensive strategy to get the economy back on track. The plan will help
millions of homeowners restructure or refinance their mortgages to avoid
foreclosure.

"Radian`s goal is to preserve the dream of homeownership for borrowers. By
partnering with Prommis Solutions, Radian is able to expand our outreach efforts
and assist even more homeowners," said Camillo Melchiorre, senior vice president
of Loss Mitigation at Radian. "One homeowner at a time, we hope our combined
efforts reduce the numbers of foreclosures nationwide and help provide some
stability in this volatile market."

About Radian Group Inc.

Radian Group Inc. (NYSE:RDN), headquartered in Philadelphia, provides private
mortgage insurance and related risk management products and services to mortgage
lenders nationwide through its principal operating subsidiary, Radian Guaranty
Inc. These services help promote and preserve homeownership opportunities for
homebuyers, while protecting lenders from default-related losses on residential
first mortgages and facilitating the sale of low down-payment mortgages in the
secondary market. Additional information may be found at www.radian.biz.

About Prommis Solutions

Prommis Solutions is a nationwide Business Process Outsourcing ("BPO") mortgage
loan resolution processing company serving mortgage servicers, investors,
insurers and law firms. The company offers default processing services, loss
mitigation, REO closing and other mortgage-related services. Through their law
firm business partners, the GSE`s, Fannie Mae and Freddie Mac, as well as
mortgage insurance companies, Prommis serves all of the top servicers in the
country. For more information about Prommis Solutions, visit www.prommis.com.

For Prommis Solutions
Meredith Boyd, 678-781-7219

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