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. 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.

Announcement CU 2012-2 (325K)

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.

Review highlights from our Q1 earnings results and details regarding the organizational changes. (36K)

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.

FHA Makes Policy Change (118K)

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.

Announcement CU 2012-1

Relocation Program

Military Offering

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. 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. 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

New! HARP Loans Can Be Submitted Online

Your Online Destination for Contract Services Submissions

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. 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!

Introducing Our New Order Button (681K)

Introducing our enhanced Homebuyer Privileges program
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. Homebuyer Privileges Top Offers (451K) Visit the new Homebuyer Privileges website

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.

SmarterMI.com: Now Open for Business
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. A fun (and short!) video clip to learn what it's all about!

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.

Hi! It's "Good to CU."
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. Learn more

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 Plus^TM and DU Refi Plus^TM, and Freddie Mac's Relief Refi^SM
• Home Affordable Modification Program (HAMP)