TheMReport — News and strategies for the evolving mortgage marketplace.
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TH E M R EP O RT | 39 SPECIAL ADVERTISING SECTION // TECHNOLOGY COMPANY GUIDE CORPORATE PROFILE Genworth Mortgage Insurance, a subsidiary of Genworth Financial, Inc., is headquartered in Raleigh, North Carolina, and operates in all 50 states and the District of Columbia. Genworth MI works with lend - ers and other partners to help people responsibly achieve and maintain the dream of homeownership by ensuring the broad availability of affordable low down payment mortgage loans. COMPANY HISTORY Genworth has been providing mortgage insurance products and services in the U.S. since 1981. BUSINESS LINES, SERVICES, AND PRODUCTS Genworth offers a full complement of mortgage insurance products and services for lenders to help families achieve the dream of homeownership: • Competitive rates and guidelines • Technology that introduces efficiencies into and simplifies the origination process • Fast turn times—nearly 100 percent of loans are turned in eight hours or less • Expert guidance from Genworth's ActionCenter ® , regional underwriters and ap- praisers • Seasoned, knowledgeable sales, underwriting, and customer training teams • Innovative products like Homebuyer Privileges®, Homebuyer Education and Homeowner Assistance programs KEY FEATURES/BENEFITS Along with its seamless rate quote and delegated ordering interfaces, Genworth has full, non-delegated integrations solutions with some of the largest Loan Origination Software (LOS) providers in the indus - try, including Ellie Mae (Encompass), Black Knight (Empower), and Mortgage Builder. These interfaces allow customers to deliver full loan packages (initial and trailing documentation) to Genworth, as well as receive their MI commitment, without navigating away from their LOS. Genworth also has an exclusive partnership with Roostify, a web and mobile platform that streamlines and accelerates the home buying process, allowing lenders to spend more time focused on originating and closing loans. Roostify's platform additionally offers a centralized hub where loan officers, under - writers, borrowers and other industry constituents can build their networks and collaborate. The Roostify partnership with Genworth marks the first time that a mortgage insurer will be able to offer such a platform integration directly to customers. COMPETITIVE ADVANTAGE Embracing powerful technology solutions that make mortgage processes easier for customers is increas- ingly important to Genworth, and the company intends to stay ahead of the curve. In fact, Genworth has already developed an identity in the industry for its exceptional service levels in underwrit - ing and its innovations in technology, giving customers access to the fastest, easiest and most accurate ways to order mortgage insurance. Quality interfaces with the best LOS providers in the industry allow custom - ers to order MI seamlessly, while industry-leading underwriting turn times ensure they receive a timely response that facilitates loan closings. Partnering with leading product and pricing engines such as Optimal Blue, in addition to Genworth's own rates and comparisons tool, Rate Express SM , via desktop and mobile, give loan officers instant access to accurate rate quotes. Identifying and building partnerships with companies like Roostify that are creating disruption and driving a wave of new capabilities enable custom - ers to give their borrowers more visibility into every step of the origination process and improve respon- siveness. ADDED VALUE TO CLIENTS As an MI partner, Genworth remains committed to giving customers a great experience in every interac- tion and providing valuable assistance at every turn. By continually raising the bar on technology and ad- vancing in-house underwriting capabilities, Genworth has strengthened its underwriting service levels so it can offer the most effective solutions to its custom- ers. Genworth's underwriting decisions are also faster and more accurate because they are based on validated data stemming from advancements it has made in corresponding risk management technolo - gies. Having more sophisticated data at its fingertips has helped make Genworth smarter about the risk it puts on its books so it can help customers serve more homebuyers. KEYS TO SUCCESS Genworth's team likes to focus on its bigger purpose of getting people in homes and keeping them there. To ensure long-term success on this front, the com- pany believes that innovation is critical. As its business evolves, creating new solutions and streamlining the processes for originating and underwriting mortgages will remain a strategic focus for Genworth. By taking a bold and aggressive approach, Genworth is mak - ing significant strides toward enhancing customer relationships and creating a better customer experi- ence overall. KEY PERSONNEL Rohit Gupta President and CEO Paul Gomez SVP, Operations Kevin McMahon SVP, Strategy and Business Intelligence Matt Young SVP, Sales John Clifford SVP, Commercial Operations STAFFING Employees: 500 CONTACT INFORMATION 8325 Six Forks Road Raleigh, NC 27615 Phone: 800.444.5664 Web: MI.Genworth.com Genworth Mortgage Insurance Corporation