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Press release from PR Newswire

Genworth U.S. Mortgage Insurance Introduces Mobile Version of Rate Express to Help On-the-Go Lenders Close Loans Faster

Tuesday, August 27, 2013

Genworth U.S. Mortgage Insurance Introduces Mobile Version of Rate Express to Help On-the-Go Lenders Close Loans Faster

14:15 EDT Tuesday, August 27, 2013

Productivity App for Loan Originators and Processors Using Smart Phones, Tablets

RICHMOND, Va., Aug. 27, 2013 /PRNewswire/ -- Genworth U.S. Mortgage Insurance (USMI), a unit of Genworth Financial, Inc. (NYSE: GNW), today introduced a mobile version of Rate Express(SM), its mortgage insurance rates and comparisons tool. The free Rate Express mobile application (app) lets loan officers and processors quickly compare Genworth mortgage insurance rates or obtain a rate quote using their smartphone or tablet computer, so lenders can close loans faster.

Using Rate Express, customers can get a "Quick Quote" of a Genworth mortgage insurance premium rate on their mobile device by completing three simple information fields ? loan amount, loan-to-value ratio, and credit score. The Rate Express mobile application also allows customers to:

  • Compare Genworth and FHA insurance rates;
  • Email results of queries or save them for future reference;
  • Compare other MI products; and
  • Contact their local Genworth representative or regional underwriter.

The Rate Express mobile app is available now for download in the Google® Play marketplace for Android devices, and in the iTunes store for Apple® iPhones and iPads. There also is a version of Rate Express for Blackberry® and Windows® devices. Search for Genworth Mortgage Insurance to find the Rate Express app. A brief video describing the features and benefits of Rate Express also is available on Genworth Financial's YouTube site.

A mobile application is software specifically designed to run on smartphones, tablet computers and other mobile devices. The Rate Express app offers lending professionals more functionality and features than any competing mobile MI rate tool, including the ability to save loan scenarios. Genworth USMI also ensured that the design of both the desktop and mobile versions of Rate Express have a similar look and feel, so users enjoy a seamless experience however they access the tool. For example, Rate Express offers customers the ability to use stored scenario IDs generated in the mobile app to easily access that information on the desktop.

"We designed the Rate Express mobile application based on extensive feedback from customers about the features that would help them be most productive in today's fast-paced, competitive mortgage marketplace," said Erika Stinson, Genworth USMI digital channel product manager. "Loan originators and processors can customize their user profile within the app so that it presents information in the way that works best for them."

The Rate Express mobile app is another component of Genworth USMI's Simplify MI(SM) effort dedicated to saving lenders time and boosting their business.

About Genworth Financial Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families and futures. Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement -- including life insurance, long term care insurance, financial protection coverages, and independent advisor-based wealth management -- and mortgage insurance that helps consumers achieve home ownership while assisting lenders in managing their risk and capital.

Genworth operates through three divisions: U.S. Life Insurance, which includes life insurance, long term care insurance and fixed annuities; Global Mortgage Insurance, containing U.S. Mortgage Insurance and International Mortgage Insurance segments; and the Corporate and Other division, which includes the International Protection and Runoff segments. The Corporate & Other division also includes the wealth management business presented as discontinued operations. Products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth, headquartered in Richmond, Virginia, traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com. From time to time, Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of genworth.com.

Video with caption: "Genworth USMI Rate Express mobile app helps on-the-go loan pros close loans faster." Video available at: http://www.youtube.com/watch?v=ioexPjLQ8-w&feature=youtu.be

SOURCE Genworth Financial, Inc.

For further information: Media - Alfred King (Genworth U.S. Mortgage Insurance), 1.919.846.3018, Alfred.king@genworth.com

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