Radian Appoints Peter Danna as SVP, Structured Products
September 29 2016 - 6:30AM
Business Wire
Returning Radian Vet to Focus on Developing
Structured Residential Mortgage Credit Products
Radian Group Inc. today announced Peter Danna has rejoined the
company as Senior Vice President, Structured Products.
In his new role, Danna will seek to foster new business while
leading and managing a cross-functional group supporting the
development of structured residential mortgage credit products and
related services outside of traditional mortgage insurance.
Danna will also collaborate with the Senior Vice President of
Product Development, Curtis Over, who will lead the expansion of
Radian’s Mortgage Risk NavigatorTM technology suite to cover
structured residential, mortgage credit products. Mortgage Risk
Navigator is a cutting-edge performance modeling, data analytics
and business intelligence platform currently leveraged in the
pricing and portfolio risk management of Radian’s core mortgage
insurance business.
“We welcome Peter back to Radian where we look forward to his
contributions in facilitating our participation in structured
residential mortgage credit products, as well as working with
Curtis in expanding our risk management analytics offerings,” said
Derek Brummer, Radian’s Chief Risk Officer.
During his previous time at the company’s former financial
guaranty subsidiary, from 2003 to 2015, Danna focused on structured
products in both business and risk management related roles. He was
most recently with Morningstar Credit Ratings where he was in
charge of business development for their asset-backed bond rating
unit. Danna began his career with Arbor National Mortgage and held
positions at Munich Re America and Standard & Poor’s. He has a
B.S. in Finance and MBA from SUNY-Albany, holds CFA® and FRM
charters, and has more than 25 years of experience in the financial
services industry at insurance, rating agency and mortgage
institutions.
ABOUT RADIAN
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia,
provides private mortgage insurance, risk management products and
real estate services to financial institutions. Radian offers
products and services through two business segments:
- Mortgage Insurance, through its
principal mortgage insurance subsidiary Radian Guaranty Inc. This
private mortgage insurance protects lenders from default-related
losses, facilitates the sale of low-downpayment mortgages in the
secondary market and enables homebuyers to purchase homes more
quickly with downpayments less than 20%.
- Mortgage and Real Estate Services,
through its principal services subsidiary Clayton, as well as Green
River Capital, Red Bell Real Estate and ValuAmerica. These
solutions include information and services that financial
institutions, investors and government entities use to evaluate,
acquire, securitize, service and monitor loans and asset-backed
securities.
Additional information may be found at www.radian.biz.
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version on businesswire.com: http://www.businesswire.com/news/home/20160929005195/en/
Radian Group Inc.Emily Riley,
215-231-1035emily.riley@radian.biz
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