Credit unions across the country rely on their partnership with Genworth for innovative
mortgage insurance products and services that meet the challenges of today's mortgage
marketplace. Learn more about these exclusive offerings and how they can benefit
today's credit unions:
How Credit Unions Can Leverage the Mortgage Marketplace
Hear Steve Richman, National Spokesperson for Genworth Mortgage Insurance, present at NAFCU's 2012
Strategic Growth Conference. Steve's presentation takes a look at creating a growth business
plan, using free resources for tracking lending trends, conducting an internal mortgage product analysis,
and suggests how you can use social media to generate interest.
Watch the presentation.
Announcing Underwriting Guideline Expansion & Rate Changes for Lender
Paid MI
Genworth is making some changes to help you serve even more of your members. We're expanding several
of our underwriting guidelines and reducing Lender Paid MI rates beginning May 14, 2012.
Genworth Announces Q1 Earnings and Organizational Changes
Yesterday afternoon, Genworth Financial released its
Q1 earnings results
and announced several key organizational changes. These results show continued improvement within Genworth
U.S. Mortgage Insurance (USMI), and reflect our continued commitment to our lending partners and the U.S.
housing market.
Think beyond FHA. And discover what more awaits.
While the FHA is a key player in the mortgage industry, the ongoing policy changes they are making to strengthen capital reserves—pricing and guideline adjustments, lender enforcement and stricter performance standards—can have a significant impact on your operations—and your borrowers.
That's why it's important to consider your MI options. Genworth Mortgage Insurance may be able to serve more of your borrowers better. Visit our
MI and FHA Resources
page for more information.
Good News for ALL Your Members on the Move
Genworth now offers a relocation product with discounted mortgage insurance premiums to help you expand your market and pursue more mortgage business from members relocated by corporate and military employers.
This discount is effective March 26, 2012.
Why 96% of Customers Would Recommend Genworth
With each loan you submit to Genworth, you expect easy access, responsiveness, and dependable expertise.
So we take actions day after day to meet your expectations. How are we doing?
Here's what we're hearing.
Weighing Mortgage Insurance Options
As FHA insurance premiums increase and government oversight intensifies, are the scales tipping in favor of private mortgage insurance?
Read the article by Genworth's Chief Commercial Officer, Rohit Gupta.
Now You Can Submit ANY Loan on This Website!
You’ve landed on the web destination that’s your single site for
every
electronic loan submission to Genworth! Whether you’re submitting a loan for
MI only or for special programs like HARP or Contract Services, you can
submit all of your loans right here with these benefits:
- Login to one website with a single username and password
- Submit, track, and manage every loan in one place
- Enter data and upload documents quickly — and in one place
- Get a Genworth reference number for every submission for easy tracking
- Rest easy knowing your online data is secure
Tax Deductibility of MI: Currently Unavailable
MI tax deductibility is currently unavailable for mortgage premiums paid
on or after January 1, 2012. While the legislation is expected to be renewed
in early 2012, it may not be. Borrowers should check with their tax advisor for details.
Introducing our new "Order" Button
Now, when you click on the new "Order" button from the
results screen on our
Rates and Comparisons Tool,
you're instantly transported from "calculator" mode to our Order and Edit MI screen.
Once you're there, you’ll see that the data you entered into our tool pre-fills into our online ordering system. No more double data entry!
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Introducing our enhanced Homebuyer Privileges program
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Our Homebuyer Privileges program has a new, improved website, stronger offers, and
new merchants joining our team. With Homebuyer Privileges, your borrowers can take
advantage of discounts on the things they need most for their home. Ask your Genworth
representative how you can participate in the program.
Visit the new Homebuyer Privileges website
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Genworth's Full-Service Partnership Commitment
At Genworth, our approach to mortgage insurance centers around our lender partners.
As the market continues to pose challenges, Genworth is dedicated to providing the
right solutions to help you attract and serve more borrowers and close more loans.
In addition to our new rates and expanded underwriting guidelines, we demonstrate
our commitment to being your full-service MI provider with a suite of industry-leading
differentiators: our Coverage Commitment, our Service Commitment and our Value Commitment.
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SmarterMI.com: Now Open for Business
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As your borrowers navigate through the mortgage process, chances are that you're
always there with answers to their mortgage-related questions. But now, when it
comes to specific questions about MI, you can refer them to our new website, SmarterMI.com.
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Introducing the Genworth Coverage Commitment
At Genworth, we continue to look for ways to make your coverage terms more transparent
and we pledge to conduct business in a fair and open-minded manner. To demonstrate
this, we created
The Genworth Coverage Commitment.
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Hi! It's "Good to CU."
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Every day, we're looking at new ways to help you help your members. We think you'll
find "Good to CU" is more than a casual greeting. It's how you'll experience the
Genworth Mortgage Insurance difference.
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Our Making Home Affordable web page is your complete resource
Visit our
Making Home Affordable web page
for the most up-to-date guidance, submission forms, and answers to frequently asked
questions for these programs:
- Genworth Insured Refinances
- Home Affordable Refinance Program (HARP), including Fannie Mae's Refi PlusTM
and DU Refi PlusTM, and Freddie Mac's Relief RefiSM
- Home Affordable Modification Program (HAMP)
Mortgage Insurance discussed in this website is underwritten by either Genworth
Mortgage Insurance Corporation, Genworth Residential Mortgage Insurance Corporation
of North Carolina or Genworth Residential Mortgage Assurance Corporation.