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 insurance providers.
"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 manager.
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: http://mortgageinsurance.genworth.com/RatesAndGuidelines/RateFinder.aspx.
Other enhancements include:
- New, simplified look and feel
- Auto-save results and revisit any time in the future
- HARP certificate search
- Email results findings with two clicks
- MI premium tax information
- Order MI from the tool, reducing data entry
- Dedicated 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, visit genworth.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" section of genworth.com.
SOURCE Genworth Financial, Inc.
Media: Alfred King, Genworth U.S. Mortgage Insurance, +1-919-846-3018, Alfred.firstname.lastname@example.org