Private mortgage insurer Radian Guaranty (RDN) is now offering ApprovalGUARD, a service designed to help borrowers stay current on their loans, the company said.
The product is geared towards homeowners who recently modified mortgages through the Home Affordable Refinance Program.
ApprovalGUARD,() provides credit education in conjunction with a personalized review of a consumer's credit report.
Additionally, consumers are given real time access to their personal credit information, 24/7 electronic credit monitoring, credit reports, scores and home property monitoring.
"These borrowers have taken the first step to try to remain current on their mortgage payments by having their loan modified, and we believe it's important to offer them tools to support their efforts to stay in their home," said Scott Theobald, chief risk officer for Radian Guaranty.
He added, "By offering them access to ApprovalGUARD, we hope to empower these borrowers to make more informed credit related decisions by better understanding how credit works in conjunction with their personal credit goals."