Radian Group is shedding roughly 50 jobs as it winds down its mortgage conduit business, wrapping up work tied to the Radian Mortgage Capital platform. The cuts come as the company continues to exit pieces of its non-core “All Other” segment and retrenches around its mortgage insurance operations after a broader strategic reshaping that followed a move into specialty insurance.
Local report: about 50 positions on the chopping block
The roughly 50 affected positions were first tallied by Jeff Blumenthal at the Philadelphia Business Journal. That report links the reductions directly to Radian’s decision to divest the conduit business and its related support functions. The Business Journal piece is the first local outlet to put a concrete number on the job cuts.
Company confirms conduit is shutting down
Radian has already stopped feeding new loans into the conduit. In a statement to HousingWire, Rashi Iyer, Radian’s senior vice president of corporate communications, said the company has “ceased accepting new business” for Radian Mortgage Capital and is winding the platform down over the coming months. Iyer told HousingWire the move followed a review of possible divestiture options and said Radian is working with customers to support what she called a “smooth and thoughtful conclusion” to the wind-down.
Strategic pivot tied to Inigo deal
The conduit shutdown is part of a larger portfolio cleanup. Radian first laid out plans in September 2025 to divest its mortgage conduit, title and real estate services businesses as part of a strategic shift tied to its Inigo transaction, according to a Form 8-K filed with the SEC. The filing shows Radian’s board signed off on a program to identify buyers for those units and to classify them as held-for-sale. CEO Rick Thornberry said selling the businesses would allow them “to continue to pursue their next phase of growth,” according to the same filing.
Scale of the cuts in company context
Radian’s public filings show the company had about 900 employees as of December, with roughly 300 of them supporting businesses that were already classified as held-for-sale. Against that backdrop, the roughly 50-job reduction represents a relatively small slice of the total headcount, but the impact is concentrated among employees tied to the conduit platform and related services. The company’s disclosures indicate the broader divestiture program is expected to continue over the coming months as Radian sharpens its focus on insurance.
Title and real estate units still on the block
While the conduit is being wound down, Radian says it is still weighing “strategic options” for its title and real estate services units and is operating those businesses in the ordinary course for now, according to HousingWire. The company has engaged financial advisors as part of the divestiture plan announced in September and is marketing the units with a goal of completing transactions by the third quarter of 2026, consistent with its earlier filings.
For the moment, Radian’s stated priority in filings and public comments is to manage the conduit wind-down in a way it describes as responsive to customers and affected employees, while continuing to seek buyers for the title and real estate services businesses still in play.
