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## USING TECHNOLOGY TO BREAK DOWN WALLS. 

In the highly commoditized MI market, we believe the way to grow is to do more — and less. Companywide, we look for ways to bring more benefit through more creative products. Radian Lien Protection is a prime example. It answers the age-old demand of “How can things be done better, cheaper, faster?” But we also seek ways to help our clients, in a sense, do less. Which is why the web-based loan processing and closing services of RadianExpress represent such a key business focus both in 2001, and in our future. Through RadianExpress we offer seamless, accessible, innovative solutions that cut costs, save time and streamline the entire mortgage process. With a solid balance sheet, a strong technical platform and applications, exceptional risk management expertise and the culture to get things done, we will continue to capitalize on opportunities provided by technology. 

Our numbers confirm that we’re well on our way. Over 50% of all mortgage-related submissions are now electronic, up 42% from a year ago. Last year, MI Online transactions 

grew by 198% to 883,659. And more than 400,000 transactions were conducted through RadianExpress. It’s not surprising that the easier we make it for our clients to do business with us, the deeper those relationships become. 

## CLEARLY, WHAT MATTERS TODAY IS VALUE. 

But the definition of value is changing. Companies are challenged with going beyond the same old, same old. Cross- border needs, relentless competition, waves of technology and the increasing complexity of the problems have intersected to require a new kind of integrated knowledge and service. This is a challenge Radian is well positioned, and structured, to take advantage of. And throughout 2001 we were energized by the continued validation from our business partners that our creative, yet disciplined credit solutions were bringing new value to the financial services world. 

Increasingly, we see our transactions going beyond our traditional MI business boundaries. More and more, we’re talking to production or operations executives about how RadianExpress technology can bring them closer to their 

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