Genworth Mortgage Insurance                                                                                               ...
Please distribute this information to the appropriate contacts within your organization. Contactyour Genworth representati...
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Genworth's Relocation Letter to Credit Unions

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Dear Valued Customer:
Genworth Mortgage Insurance is now offering a relocation product with discounted mortgage insurance premiums to help you expand your market and pursue more mortgage business from members relocated by corporate and military employers. For more info: www.nafcu.org/genworth

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Genworth's Relocation Letter to Credit Unions

  1. 1. Genworth Mortgage Insurance 8325 Six Forks Road Raleigh, North Carolina 27615 919 846.4100 800 444.5664 Toll Free genworth.com mortgageinsurance.genworth.comMarch 26, 2012Announcement CU 2012 – 1New Relocation Premium DiscountIntroducing Military Relocation ProgramDear Valued Customer:Genworth Mortgage Insurance is now offering a relocation product with discounted mortgageinsurance premiums to help you expand your market and pursue more mortgage business frommembers relocated by corporate and military employers.This offering is effective for MI applications received on or after today, March 26, 2012:New Relocation Premium Discount A .05% discount will apply when obtaining Borrower Paid Monthly Premium MI on loans that qualify under Genworth’s relocation guidelines. To ensure the discount is applied, make sure to select “relocation discount – employer” under the rate products section when submitting your loan. In addition to a discounted rate and employer relocation guidelines, Genworth provides additional benefits to support your members during the relocation process. For more details, see our Relocation Program flier distributed with this announcement. The discount is effective for properties in all states except New York, which is pending state approval. Updated rate cards are available on our website, mortgageinsurance.genworth.com/cu.Introducing Military Relocation ProgramBecause members of the military tend to move more often than the average American family,this relocation product allows you to offer an additional benefit that helps those who servetheir country. A .05% discount will apply when obtaining Borrower Paid Monthly Premium MI on loans that qualify under Genworth’s military relocation guidelines. To ensure the discount is applied, make sure to select “relocation discount – military” under the rate products section when submitting your loan. Rental income and reserve requirements have been relaxed for military members who are converting their current primary residence. Our Credit Union Underwriting Guideline Addendum is updated with this information and is available on our website, mortgageinsurance.genworth.com/cu. See our Military Offerings flier distributed with this announcement, to learn more about how our former military employees have worked to create this customized military value proposition for you.Genworth Mortgage Insurance underwriters include: Genworth Mortgage Insurance Corporation, Genworth Residential Mortgage Insurance Corporation ofNorth Carolina, Genworth Residential Mortgage Assurance Corporation
  2. 2. Please distribute this information to the appropriate contacts within your organization. Contactyour Genworth representative or the ActionCenter® at 800 444.5664 for additional information.Sincerely,Rohit GuptaChief Commercial OfficerGenworth Mortgage Insurance underwriters include: Genworth Mortgage Insurance Corporation, Genworth Residential Mortgage Insurance Corporation ofNorth Carolina, Genworth Residential Mortgage Assurance Corporation

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