[caption id="attachment_9147" align="alignright" width="200"] Richard Thornberry, CEO of Radian.[/caption]

Radian Group Inc. has acquired Five Bridges Advisors LLC, a developer of data analytics and predictive models leveraging artificial intelligence, machine learning and traditional econometric techniques.

The acquisition is consistent with Radian’s growth and diversification strategy, as well as its focus on the core product offerings of its title, mortgage and real estate services. In addition, Five Bridges has developed a cloud-based portal that uses deep analytics to provide customers with valuation and risk management tools that span the entire loan lifecycle, from underwriting and origination to servicing, secondary market execution, and securitization.

“We are delighted to welcome Five Bridges to the Radian family of companies, expanding our capabilities and providing our customers across the country with new levels of service and innovation across the residential mortgage and real estate spectrum,” said Rick Thornberry, chief executive officer at Radian.

“This acquisition is another example of how Radian is reengineering and revolutionizing existing industry business models to enhance the overall value proposition for our customers.”

Five Bridges will operate under its current brand and provide the same level of quality products and services to its customers through its offices in Bethesda, Md. Co-founders Steve Gaenzler and Dr. Michael Youngblood will both continue with the business.

Gaenzler will continue to run the day-to-day operations and report to Eric Ray, senior executive vice president for technology and transaction services for Radian. Later this year, Five Bridges will transition to the One Radian brand.