Enhanced Rates and Comparisons Tool from Genworth U.S. Mortgage Insurance
Helps Lenders Quote, Compare and Order MI Faster and Easier
Offers Industry's Best Features to Improve Loan Originator and Processor
RICHMOND, Va., March 7, 2013
RICHMOND, Va., March 7, 2013 /PRNewswire/ -- Genworth U.S. Mortgage Insurance
(USMI), a unit of Genworth Financial, Inc. (NYSE: GNW), today announced an
enhanced, easy to use mortgage insurance rates and comparisons tool that can
increase loan officer and processor productivity and let them quickly compare
Genworth USMI rates or obtain a rate quote, so lenders can process loans
faster. The new simplified rates and comparisons tool offers more features and
functionality than versions currently available from other private mortgage
"The improved rates and comparisons tool offers customers the ease of use and
robust features they want, and demonstrates Genworth USMI's commitment to be
their preferred business partner," said Erika Stinson, digital channel product
With the new tool, loan processors only need to complete five required fields
to receive Genworth USMI mortgage insurance premium rates: loan amount; state;
credit score; loan-to-value ratio; and loan interest rate. Lenders can view
the new tool at:
Other enhancements include:
oNew, simplified look and feel
oAuto-save results and revisit any time in the future
oHARP certificate search
oEmail results findings with two clicks
oMI premium tax information
oOrder MI from the tool, reducing data entry
oDedicated underwriting help line
Users are able to edit loan parameters from within the tool, saving time.
Users also can create as many loan scenarios as needed to evaluate how
adjusting certain factors will affect the borrower's payment, and email
results without a login, all from within the tool.
The tool offers users an easy way to compare the cost of Genworth MI against
insurance coverage from the Federal Housing Administration (FHA), which is
especially useful in light of recent FHA premium increases that now make
Genworth mortgage insurance cheaper than comparable FHA insurance.
The enhanced rates and comparisons tool is another component of Genworth
USMI's Simplify MI(SM) effort dedicated to saving lenders time and boosting
their business. Customers can contact their Genworth USMI account
representative to learn more about the tool, or they can direct questions to
Genworth USMI's ActionCenter® at 800-444-5664, or Action.Center@genworth.com.
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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