Executives

An introduction to the executive officers of Radian.

Richard Thornberry

Richard Thornberry

Chief Executive Officer
Radian Group Inc.
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Richard Thornberry is chief executive officer of Radian Group Inc. (NYSE: RDN). Headquartered in Philadelphia, Radian provides private mortgage insurance and products and services to the mortgage and real estate industries. Radian is one of the largest private mortgage insurers of U.S. residential mortgages, and its mortgage and real estate services segment is a leader in each of its industries.

Mr. Thornberry has more than 30 years of experience in the financial services industry, as a leader of some of the most innovative mortgage industry businesses. Most recently, he served as the chairman and chief executive officer of NexSpring Group, LLC., a firm he co-founded in 2006 to partner with and advise leading private equity firms related to potential financial services M&A transactions. The firm was later expanded to provide mortgage industry advisory and technology services to mortgage lenders, financial institutions, mortgage investors and other mortgage industry service providers.

Mr. Thornberry was also co-founder, chairman and chief executive officer of NexSpring Financial, LLC, a wholly owned subsidiary of NexSpring Group, which is a fintech business currently being launched to focus on improving the overall value proposition for all participants in a residential mortgage origination transaction. During the financial crisis, he served as a senior advisor to the financial institution investment team at a leading private equity firm. Prior to founding NexSpring, Mr. Thornberry teamed up with KKR, a global investment firm, to co-found and launch Nexstar Financial Corporation, Inc., a leading end-to-end mortgage business process outsourcing firm. Under his leadership, Nexstar was recognized as one of the nation’s fastest growing companies, and was acquired by MBNA. Prior to Nexstar, Mr. Thornberry was the president and chief operating officer of Citicorp Mortgage Inc., and he also held executive-level financial and operating positions at Residential Services Corporation of America/Prudential Home Mortgage Company, including as chief financial officer, until the company was sold in 1996. Mr. Thornberry began his career as a certified public accountant at Deloitte where he primarily worked with financial services clients and entrepreneurial businesses.

Mr. Thornberry holds a Bachelor of Science degree in Business Administration with a major in Accounting from St. Louis University.

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Jeff Tennyson

Jeff Tennyson

President
Clayton Holdings LLC
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In this role, Mr. Tennyson is responsible for the overall operating results of the company. Jeff Tennyson joined Clayton in February 2015 as Chief Operating Officer and was responsible for all of Clayton's U.S. business units including: Transaction Management, Clayton Consulting, Surveillance, Commercial Due Diligence and Green River Capital.

Mr. Tennyson is the former Chief Executive Officer and Chief Operating Officer of B2R Finance, (a Blackstone Group sponsored company), a leading provider of residential buy-to-rent mortgages for property investors. Prior to B2R, he was the chief executive officer of Strategic Lending Group and Managing Director of Strategic Growth Bank where he was responsible for the leadership and direction of the residential mortgage enterprise. Prior to SGB, Mr. Tennyson, was the Chief Executive Officer of Charlotte, NC based EquiFirst Corporation (a Barclays subsidiary) in addition to being a Managing Director of Barclays Capital. EquiFirst was a national non-agency mortgage lender and under Jeff’s leadership, EquiFirst grew from start-up to being a top 15 national lender with over 1,400 employees and originating over $12 billion annually in residential mortgage production.

Mr. Tennyson is a Certified Public Accountant and holds a business degree from Harding University and an MBA from Harvard Business School.

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J. Franklin Hall

J. Franklin Hall

Executive Vice President and Chief Financial Officer
Radian Group Inc.
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As chief financial officer, Mr. Hall is responsible for all financial functions, including regulatory and management reporting, financial planning and analysis, capital planning, acquisition integration, tax and treasury and facilities at Radian Group Inc. He has more than two decades of leadership and experience in these areas as well as investor relations, corporate development and wealth management. 

Prior to joining Radian, Mr. Hall was executive vice president, chief operating officer and chief financial officer of First Financial Bancorp. He joined First Financial in 1999 and served in a variety of leadership roles. Mr. Hall began his career with Ernst & Young and later joined Firstar Bank (now US Bank) in their credit card division. 

Mr. Hall earned a bachelor’s degree in finance from Miami University and an MBA from Xavier University.

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Derek Brummer

Derek Brummer

Executive Vice President and Chief Risk Officer
Radian Group Inc.
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Derek Brummer is the chief risk officer of Radian Group Inc. In this role, Mr. Brummer is responsible for all aspects of the risk management strategy and framework, as well as evaluating credit policy, for Radian and its subsidiaries.

Mr. Brummer joined Radian in 2002 and has served as chief risk officer and general counsel for Radian Asset Assurance Inc., where he managed all risk and legal matters for the financial guaranty company and its insured portfolio. Mr. Brummer led all risk management strategy, overseeing portfolio surveillance, reserving, quantitative analytics and modeling, and directing restructurings and workouts. He also played a key role in developing and structuring new product lines and overseeing various underwriting committees. Prior to joining Radian, Mr. Brummer was a corporate associate at Allen & Overy; and Cravath, Swaine & Moore, both in New York.

Mr. Brummer holds a bachelor’s degree from the University of Nebraska at Lincoln and a J.D. from New York University School of Law.

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Ted Hoffman

Edward J. Hoffman

General Counsel and Corporate Secretary
Radian Group Inc.
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As general counsel and corporate secretary, Ted Hoffman is responsible for legal and regulatory compliance.

Since joining Radian in 2005, Mr. Hoffman has managed SEC, NYSE and Sarbanes-Oxley compliance, corporate governance and other corporate related matters. Mr. Hoffman was promoted to senior vice president, Assistant General Counsel in February 2008. Prior to joining Radian, Mr. Hoffman was a senior associate in the Corporate and Securities Group of Drinker Biddle & Reath LLP in Philadelphia.

Mr. Hoffman holds a BA from Colgate University and a JD from Villanova University School of Law. He is a member of the Pennsylvania Bar.

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Cathy Jackson

Catherine M. Jackson

Senior Vice President and Corporate Controller
Radian Group Inc.
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As corporate controller, Cathy Jackson is responsible for all financial reporting and accounting operations, including SEC reporting, accounting policy, financial guaranty and mortgage insurance accounting operations.

Ms. Jackson has more than 20 years of experience in the financial services industry. She joined Radian after serving eight years with Capmark Financial Group Inc. in various positions. Most recently, Ms. Jackson served as chief accounting officer, where she had oversight of all internal and external financial reporting, accounting operations, pricing analytics and accounting policy. Prior to that, she served eight years with Salomon Smith Barney as manager of accounting policy. She started her career in the audit practice at KPMG in Philadelphia.

Ms. Jackson earned a bachelor's degree in accounting from St. Joseph's University.

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