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Genworth Financial Streamlines Electronic Loan Data Exchange with Fidelity Empower! System for Ordering Mortgage Insurance

RICHMOND, Va., Feb 01, 2005 /PRNewswire-FirstCall via COMTEX/ -- Genworth Financial, Inc. (NYSE: GNW) said today that its mortgage insurance segment has established an electronic data exchange with the Fidelity Empower! loan origination software system. It will provide faster processing and improved productivity for Empower! users who order mortgage insurance.

Genworth officials say this capability eliminates redundant data entry, and improves the accuracy and quality of user data by eliminating re-keying.

"We're delighted to bring mortgage insurance functionality to the Empower! platform," said Lewis Fain, senior vice president, Marketing and Business Development for Genworth Financial's mortgage insurance business. "Our goal as a company is to help people achieve the dream of homeownership faster. Our common commitment to state-of-the-art technology and customer service makes us ideal partners."

Empower!, a product of Fidelity Information Services, is an enterprise application that offers connectivity to a wide array of lending industry services and to the Internet. Allowing lenders to create a customized platform to optimize their operations, the system can be tailored to maximize personnel and financial resources now and in the future. Fidelity Information Services is a division of Fidelity National Financial, Inc. (NYSE: FNF).

"We are continuously enhancing our offering of third party interfaces to our Empower customers," said Al Bartello, senior vice president of sales and marketing for Fidelity Empower. "Genworth is a well recognized world-wide organization that focuses on assisting clients in our market with their mortgage insurance needs."

Genworth now has a significant number of successful electronic data exchanges with customers and leading mortgage platforms. Its capabilities include industry standards such as MISMO XML, X12 and DU 3.2.

About Fidelity National Financial

Fidelity Information Services, a division of Fidelity National Financial, with customers in more than 50 countries and territories, provides information processing management, outsourcing services, professional consulting services and application software to the financial services and mortgage industries. Forty-eight of the top 50 U.S. banks and 17 of the top 25 mortgage companies rely on Fidelity Information Services products and services. More than one- third of the total dollar volume of outstanding U.S. consumer loans, including mortgages, is processed on Fidelity Information Services' software applications.

About Genworth Financial

Genworth Financial is a leading insurance holding company serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers in 20 countries, including the U.S., Canada, Australia, and more than a dozen European countries. For more information, visit http://www.genworth.com.

SOURCE Genworth Financial

Terry Souers, Vice President, Public Relations, Mortgage Insurance, of
Genworth
Financial, +1-919-846-4459, or terry.souers@genworth.com