Items Tagged with 'Genworth Financial'

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From HW Magazine

Genworth helps manage mortgage risk for customers

Uses big data and cloud computing for deeper insights
By raising the bar on technology and advancing in-house underwriting capabilities, the company has strengthened its underwriting service levels. Underwriting decisions are now faster and more accurate because they are based on validated data stemming from advancements in corresponding risk management technologies.
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Genworth Mortgage reduces rates for high-credit borrowers

Stays competitive with FHA
Genworth Mortgage Insurance announced on Tuesday that it will reduce its rates across all loan-to-value ratios for borrowers with credit scores of 740 and higher in order to better align with the industry. This move comes during a heightened time of competitiveness between PMIs and the Federal Housing Administration.
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Genworth survey: Compliance with TRID still weighs heavily on housing industry

Technology issues also rate highly for TRID implementation concerns
As the two-month anniversary of the implementation of the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule approaches, concerns over complying with the TRID rules are still weighing heavily on mortgage industry professionals, a new survey showed.
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Genworth: G-fee increases to hurt mortgage lending

53% say increases will result in fewer loans
The Federal Housing Finance Agency announced in June that it was seeking industry opinion on Fannie Mae and Freddie Mac guarantee fees, and while the results of this have not been revealed, a new survey of mortgage bankers gives a preview into what lenders expect to happen with increases.
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