Richard Thornberry
Chief Executive Officer at RADIAN GROUP INC.
Net worth: 28 M $ as of 2024-04-29
Profile
Mr. Richard G. Thornberry, CPA, is a Chief Executive Officer & Director at Radian Group Inc. and a Chief Executive Officer at Radian Guaranty, Inc. He is on the Board of Directors at Mortgage Bankers Association and Radian Group Inc. He has over 30 years of experience in the financial services industry. Prior to joining Radian, he co-founded NexSpring Group, LLC in 2006, a firm 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. He was also co-founder of NexSpring Financial, LLC, a wholly owned subsidiary of NexSpring Group, which is a fintech business focused on improving the overall value proposition for all participants in a residential mortgage origination transaction. He served as the chairman and chief executive officer of both companies until February 2017. Prior to founding NexSpring, he 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, he 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. He began his career as a certified public accountant at Deloitte where he primarily worked with financial services clients and entrepreneurial businesses. He holds a Bachelor of Science degree in Business Administration with a major in Accounting from St. Louis University.
Known holdings in public companies
Company | Date | Number of shares | Valuation | Valuation date |
---|---|---|---|---|
RADIAN GROUP INC.
0.61% | 2024-05-21 | 928,577 ( 0.61% ) | 28 M $ | 2024-04-29 |
Richard Thornberry active positions
Companies | Position | Start |
---|---|---|
RADIAN GROUP INC. | Chief Executive Officer | 2017-03-05 |
Mortgage Bankers Association
Mortgage Bankers Association Miscellaneous Commercial ServicesCommercial Services Mortgage Bankers Association is an American company that provides web, virtual event, and mobile solutions to its clients. The non-profit company is based in Washington and has subsidiaries in the United States. The company has over 20 certifications and dedicated success specialists to ensure their clients' satisfaction. The company offers industry-leading engagefully and engagefully events apps and platforms that power year-round member engagement as well as in-person, hybrid/blended, and virtual events on both mobile and desktop devices. The company is a Sitefinity Gold Partner with years of experience delivering results-driven association websites using the Sitefinity platform. The CEO of the company is Robert D. Broeksmit. | Director/Board Member | 2017-10-22 |
Radian Guaranty, Inc. (Investment Portfolio)
Radian Guaranty, Inc. (Investment Portfolio) Investment ManagersFinance Radian Guaranty, Inc. (Investment Portfolio) (Radian Guaranty-IP) is the investment portfolio division of Radian Guaranty, Inc., an insurance company headquartered in Wayne, Pennsylvania. The firm was founded in 1977 and is owned by Radian Group Inc. (NYSE: RDN). Radian Guaranty-IP manages the investment portfolio of insurance clients. | Chief Executive Officer | 2017-02-28 |
Mba Open Doors Foundation | Director/Board Member | 2022-01-11 |
Housing Policy Council | Corporate Officer/Principal | - |
Former positions of Richard Thornberry
Companies | Position | End |
---|---|---|
Nexspring Group LLC | Chief Executive Officer | 2016-12-31 |
Nexstar Financial Corp.
Nexstar Financial Corp. Finance/Rental/LeasingFinance Nexstar Financial Corp. provides mortgage services. Its services include outsourcing to banks, credit unions and other financial institutions through a near-paperless process. The company provides employee and relocation mortgage programs for corporations and banks. The company was founded in 1999 by Richard G. Thornberry and Marvin I. Moskowitz and is headquartered in St. Charles, MO. | Chief Executive Officer | 2004-12-31 |
NexSpring Financial LLC
NexSpring Financial LLC Finance/Rental/LeasingFinance NexSpring Financial LLC provides banking and financial services. The company was founded by Richard G. Thornberry and Mark Besch and is headquartered in St. Louis, MO. | Chief Executive Officer | 2004-12-31 |
Residential Services Corporation of America LLC | Director of Finance/CFO | 1995-12-31 |
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Training of Richard Thornberry
St. Louis University | Undergraduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
Listed companies | 1 |
---|---|
RADIAN GROUP INC. | Finance |
Private companies | 9 |
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Nexstar Financial Corp.
Nexstar Financial Corp. Finance/Rental/LeasingFinance Nexstar Financial Corp. provides mortgage services. Its services include outsourcing to banks, credit unions and other financial institutions through a near-paperless process. The company provides employee and relocation mortgage programs for corporations and banks. The company was founded in 1999 by Richard G. Thornberry and Marvin I. Moskowitz and is headquartered in St. Charles, MO. | Finance |
CitiMortgage, Inc.
CitiMortgage, Inc. Finance/Rental/LeasingFinance CitiMortgage, Inc. provides a protfolio of financial services. The firm's services include banking, insurance, asset management, and credit cards. It also offers products to help first-time homebuyers, refinancing or tapping into the equity built up in an existing home. The company as founded in 1973 and is headquartered in O'Fallon, MO. | Finance |
Mortgage Bankers Association
Mortgage Bankers Association Miscellaneous Commercial ServicesCommercial Services Mortgage Bankers Association is an American company that provides web, virtual event, and mobile solutions to its clients. The non-profit company is based in Washington and has subsidiaries in the United States. The company has over 20 certifications and dedicated success specialists to ensure their clients' satisfaction. The company offers industry-leading engagefully and engagefully events apps and platforms that power year-round member engagement as well as in-person, hybrid/blended, and virtual events on both mobile and desktop devices. The company is a Sitefinity Gold Partner with years of experience delivering results-driven association websites using the Sitefinity platform. The CEO of the company is Robert D. Broeksmit. | Commercial Services |
Residential Services Corporation of America LLC | |
Nexspring Group LLC | |
NexSpring Financial LLC
NexSpring Financial LLC Finance/Rental/LeasingFinance NexSpring Financial LLC provides banking and financial services. The company was founded by Richard G. Thornberry and Mark Besch and is headquartered in St. Louis, MO. | Finance |
Mba Open Doors Foundation | |
Housing Policy Council | |
Radian Guaranty, Inc. (Investment Portfolio)
Radian Guaranty, Inc. (Investment Portfolio) Investment ManagersFinance Radian Guaranty, Inc. (Investment Portfolio) (Radian Guaranty-IP) is the investment portfolio division of Radian Guaranty, Inc., an insurance company headquartered in Wayne, Pennsylvania. The firm was founded in 1977 and is owned by Radian Group Inc. (NYSE: RDN). Radian Guaranty-IP manages the investment portfolio of insurance clients. | Finance |
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