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
