Genworth Mortgage Insurance

Introduction to the New TILA-RESPA Integrated Disclosure (TRID) (Webinar)
Introduction to the New TILA-RESPA Integrated Disclosure (TRID) (Webinar)

This webinar will provide you with an introduction to the new TILA-RESPA Integrated Disclosure (TRID), which is replacing the standard disclosure forms known as the Good Faith Estimate (GFE), Truth in Lending and HUD-1.
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2011 Innovation Award Seal

Overview

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. Private Mortgage Insurance is an insurance policy that protects the credit union from loss due to a member defaulting on the loan.

At Genworth Mortgage Insurance, our skilled, seasoned team of Credit Union professionals come from the industry, so we understand what matters most to you. And our goal is simple: To help you serve your members better every day. That's what "Good to CU" is all about. It's about bringing all of our expertise and resources to bear in a way that helps you continually evaluate, anticipate and meet your members' changing needs.

Solutions

Mortgage Insurance (MI)

No matter which mortgage insurance product you choose the result is the same—adding mortgage insurance can make a difference in how quickly a mortgage loan is approved, and it can help your members qualify with a minimal down payment. What's more, because mortgage insurance is temporary insurance, a member can cancel it after building sufficient equity in the home.
  • Borrower Paid MI – We offer flexible options enabling homebuyers to put little money down on a home... with the simplicity of one loan. Learn more.
  • Lender Paid MI – The lender pays the mortgage insurance premium instead of the borrower. It can be a great choice for borrowers interested in an alternative to combo/piggyback loans or traditional borrower paid MI. Learn more.
  • Relocation Assistance –We offer a relocation solutionthat includes a discount on our already competitive credit union rates and access to our most flexible guidelines to help you expand your market and pursue more mortgage business from members relocated by corporate and military employers. Check out our customized value proposition for our military-focused credit unions. Learn more!
  • Other products – Affordable Housing, Pledged Asset Mortgages, Construction to Permanent Loan Program. Learn more
  • Homeowner Assistance Program – Through our Homeowner Assistance Program, Genworth professionals work one-on-one with borrowers and their lenders to help structure loan workout programs for borrowers who experience a financial hardship. 
  • Homebuyer Privileges® – Our popular Homebuyer Privileges program offers your members discounts and rebates—valued up to $3000—on the things they need most for their new home. For you, it's a great way to build your origination business. 

Training

Genworth Mortgage Insurance offers a comprehensive suite of training opportunities to boost your know-how, benefit your bottom line, and serve your borrowers better. Training includes the most current information about the mortgage and mortgage insurance industries, market conditions and regulatory environment delivered via classroom, webinar, recorded presentation or structured industry seminar. Learn more.

Like THATMIGuy on Facebook for tips and advice about the mortgage industry! 

NAFCU Member-only Benefits

NAFCU members receive Genworth’s exclusive Homebuyer Education in a Box. This professionally designed kit is chock-full of information and ideas to help your team execute education sessions for existing members or prospects. The kit includes everything your team will need: materials to market the event, content and speaker’s notes for delivering the session and tools to follow up with attendees afterwards. Contact us to learn more.
 

Educational Resources

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News

  • NAFCU Services Announces Genworth Mortgage Insurance Learning Series (January 31, 2013)
    Washington - NAFCU Services Corporation opened registration today for the Genworth Mortgage Insurance Learning Series, six webinars offered at no cost to the credit union community. Genworth Mortgage Insurance is the NAFCU Services Preferred Partner for private mortgage insurance that enables credit union members to buy a home years sooner by putting less than 20 percent down.
  • Genworth Announces Two Leadership Changes in Mortgage Insurance Businesses (May 1, 2012)
    RICHMOND, Va., May 1, 2012 /PRNewswire/ -- Genworth Financial, Inc. (NYSE:GNW) announces that it has named U.S. Mortgage Insurance President and Chief Executive Officer (CEO) Kevin Schneider as president and CEO of its recently formed Global Mortgage Insurance division, effective immediately. In this capacity, Schneider also has been named an executive vice president of the company.
  • Genworth Offers Relocation Product with Discounted Mortgage Insurance Premiums to Credit Unions (March 26, 2012)

    RICHMOND, VA. – The U.S. Mortgage Insurance (USMI) unit of Genworth Financial, Inc. (NYSE: GNW) today announced that for the first time, it is offering a relocation product with discounted mortgage insurance premiums to help credit unions expand their market and pursue business from members relocated by corporate and military employers. The discounted mortgage insurance rate will be available for applications received on or after March 26, 2012.

  • Genworth Financial Reveals Credit Union Member Characteristics in a New Podcast with NAFCU Services (December 13, 2011)
    WASHINGTON — NAFCU Services Corporation and Genworth Financial, NAFCU Services’ preferred partner for private mortgage insurance for credit unions, released a free podcast discussing the results of a recent survey that examines comparisons of credit unions members and non-members.

Contact

Barbara Martin
919-846-3129
http://mortgageinsurance.genworth.com
barbara.martin@genworth.com