Genworth U.S. Mortgage Insurance Completes Integrations with Encompass360® and
PCLender® Loan Origination Systems
Lets Customers Obtain a Faster Decision on Mortgage Insurance Coverage
RICHMOND, Va., Feb. 13, 2013
RICHMOND, Va., Feb. 13, 2013 /PRNewswire/ -- More than 300 additional mortgage
lender customer accounts of Genworth U.S. Mortgage Insurance (USMI), a unit of
Genworth Financial, Inc. (NYSE: GNW), now have the ability to process loans
faster and receive mortgage insurance commitments electronically with the
recent completion of integrated electronic interfaces with Ellie Mae's
Encompass360® and Lender Processing Services' (LPS) PCLender® loan origination
The integrations with these leading LOS providers allow mortgage lenders to
get direct access – at the push of a button – to Genworth USMI rate quotes and
ordering of commitments to grant mortgage insurance, without leaving their
internal loan origination system. This can reduce the time and simplify the
process needed to obtain confirmation of Genworth mortgage insurance coverage.
The ability to order mortgage insurance through LOS interfaces is available
for customers authorized by USMI to underwrite mortgage loans based on its
guidelines. The option to obtain a Genworth mortgage insurance rate quote is
available to all LOS users.
These integrated connections between Genworth and lenders' loan origination
systems allow the lender to reduce duplicate data entries and speed up
mortgage loan processing. Processors may be able to significantly boost
productivity, reducing the time required to submit a mortgage loan to Genworth
USMI by up to 10 minutes in some cases. With the recently completed
Encompass360 and PCLender integrations, all the information needed to populate
the required mortgage insurance fields and provide a rate quote or commitment
for mortgage insurance is delivered automatically for most loans.
"Genworth technology solutions can streamline our customers' mortgage
origination processes," said Erika Stinson, digital channel product manager
for Genworth USMI. "The integrations are part of Genworth USMI's ongoing
technology innovation and process improvements to ensure that it is easy for
customers to do business with us. Our integrations with PCLender and
Encompass360 make these improvements available to even more customers."
Genworth USMI provides seamless, secure electronic data connections to the
mortgage origination systems of the nation's leading LOS providers, as well as
to the proprietary systems of many of the nation's largest lenders.
To help make these integration efforts as easy as possible for customers,
Genworth USMI last year introduced a new process that allows for faster
execution of the integration agreement letter, requires less testing to setup,
and allows connections to some LOS systems to be completed by the lender's own
technology administrators without additional intervention from Genworth. User
guides and information on the integrations process can be accessed on
Genworth's customer-facing website at:
Encompass360 is offered by Ellie Mae®, one of the leading providers of
on-demand loan origination technology to participants in the residential
The Origination Technology division of LPS offers the PCLender loan
origination system. LPS is a leading provider of integrated technology, data
and analytics to the mortgage and real estate industries.
Customers who have completed the LOS integration with Genworth now originate
more than 80 percent of their loans using the faster electronic interface,
which shows their satisfaction with the process. Customers can contact their
Genworth USMI account representative to learn more about the benefits of
integrating with their current LOS vendor, or they can direct questions about
new or prospective integrations to USMI's ActionCenter® at 800-444-5664, or
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance
holding company dedicated to helping people secure their financial lives,
families and futures. Genworth has leadership positions in offerings that
assist consumers in protecting themselves, investing for the future and
planning for retirement -- including life insurance, long term care insurance,
financial protection coverages, and independent advisor-based wealth
management -- and mortgage insurance that helps consumers achieve home
ownership while assisting lenders in managing their risk and capital.
Genworth has approximately 6,300 employees and operates through three
divisions: U.S. Life Insurance, which includes life insurance, long term care
insurance and fixed annuities; Global Mortgage Insurance, containing U.S.
Mortgage Insurance and International Mortgage Insurance segments; and the
Corporate and Other division, which includes the International Protection,
Wealth Management and Runoff segments. Products and services are offered
through financial intermediaries, advisors, independent distributors and sales
specialists. Genworth Financial, Inc., headquartered in Richmond, Virginia,
traces its roots back to 1871 and became a public company in 2004. For more
information, visitgenworth.com. From time to time, Genworth Financial, Inc.
releases important information via postings on its corporate website.
Accordingly, investors and other interested parties are encouraged to enroll
to receive automatic email alerts and Really Simple Syndication (RSS) feeds
regarding new postings. Enrollment information is found under the "Investors"
SOURCE Genworth Financial, Inc.
Contact: Media - Alfred King (Genworth U.S. Mortgage Insurance),
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