Radian Group has announced the appointment of Derek Brummer as President of its Mortgage business.
Upon taking up the role, he will also continue to oversee Radian’s Mortgage Insurance and Mortgage Risk Services businesses.
Brummer joined Radian in 2002, serving as Chief Risk Officer since 2013 and as head of Mortgage Insurance and Risk Services since 2018.
Prior to this he was Chief Risk Officer and General Counsel for Radian’s financial guaranty company.
Before joining Radian, Brummer was a corporate associate at Allen & Overy as well as Cravath, Swaine & Moore, both in New York.
“Derek has done an outstanding job working with the team to grow our Mortgage Insurance and Risk Services businesses, while keeping a sharp focus on managing Radian’s risk-return profile,” said Chief Executive Officer Rick Thornberry.
“His leadership and credit risk discipline have fostered transformative approaches that benefit our customers and set us apart in the industry.”
Brummer added: “Since joining Radian, I have been fortunate to work with outstanding teams throughout the organization. I look forward to building upon our progress to expand Radian’s value proposition and meet an even broader range of customer needs.”