""Genworth U.S. Mortgage Insurance"":http://mortgageinsurance.genworth.com/ (USMI), a unit of ""Genworth Financial"":https://www.genworth.com/, introduced a newly enhanced tool to help lenders more quickly compare rates or obtain rate quotes.[IMAGE] [COLUMN_BREAK]
With the tool, loan processors only need to complete five required fields to receive Genworth mortgage insurance rates: loan amount, state, credit score, loan-to-value ratio, and loan interest rate.
""The improved rates and comparisons tool offers customers the ease of use and robust features they want, and demonstrates Genworth USMI's commitment to be their preferred business partner,"" said Erika Stinson, digital channel product manager.
Other enhancements include a simplified look and feel, auto-save results, along with the ability to email result findings with two clicks and order MI from the tool, in addition to other features.
Through the tool, users can also create as many loan scenarios as desired to evaluate how adjusting certain factors will affect the borrower's payment. In addition, users can easily compare the cost of Genworth MI against insurance coverage from the Federal Housing Administration (FHA).
Lenders can view the Richmond, Virginia-based company's new tool ""online"":http://mortgageinsurance.genworth.com/RatesAndGuidelines/RateFinder.aspx.