About Us | Contact Us | Subscribe to Emails | Partners | Vendor Directory | CU Resources | Find a Credit Union | RSS | Share Share
Press Center





  
 

Genworth Financial Selected As NAFCU Services Preferred Partner For Mortgage Insurance

Posted: 2011-05-02 00:00:00
Contact:   David Frankil
703-842-2226
dfrankil@nafcu.org

Leslie McDow
919-870-2608
leslie.mcdow@genworth.com

WASHINGTON – NAFCU Services Corporation today announced the addition of Genworth Financial to its Preferred Partner Program for mortgage insurance for credit union members.

Genworth provides credit unions with mortgage insurance which helps members get into homes sooner, in a safer and smarter way. Genworth’s credit union team is made up of credit union veterans with industry market knowledge across several functions (marketing, risk, products), and Genworth also offers highly competitive rates and guidelines.

“Mortgage insurance can help credit union members qualify for a home loan with a smaller down payment, enabling first-time and low-to moderate income families to purchase a home safely and stay in it for the long term,” said Leslie McDow, credit union segment leader at Genworth.

Genworth offers a wide range of products that differentiate it in the marketplace. One such offering is job loss protection. When this product is selected, the job loss feature will cover several mortgage payments during a temporary period of involuntary unemployment, all at no added cost to the member or the credit union. This arrangement provides the member additional peace of mind during the home buying process. Another unique offering available for qualifying credit union members is “Counseling Saver” – a discount on the cost of mortgage insurance for members who receive classroom homebuyer education.

“This is one of those win-win solutions that meet the needs of both credit unions and their members,” said David C. Frankil, president, NAFCU Services. “Mortgage insurance makes homes more affordable for members, and also provides a measure of protection for the credit union.”

Learn more about the NAFCU Services/Genworth Financial partnership at www.nafcu.org/genworth.

About Genworth Financial

Genworth Financial, Inc. (NYSE:GNW) is a leading Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 6,500 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Genworth operates through three segments: Retirement and Protection, International and U.S. Mortgage Insurance. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. 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 www.genworth.com.

About NAFCU Services CorporationNAFCU Services Corporation is a wholly owned subsidiary of the National Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU Services has partnered with the industry’s leading solutions providers to offer value-added products and services at a discount to credit unions. Currently, it offers 28 Preferred Partner programs to the credit union community and maintains the credit union locator website CULookup.com. For more information about NAFCU Services Corporation, please visit www.nafcu.org/nafcuservices.

 
 
Comments (5)
Posted:2012-05-12 00:50:23
By:Lurraine
Well, the real answer is, people with credit scores under 600 have more claims, and higher amounts paid out, than people with scores over 700. It’s a direct corrolation – the lower the score, the more often, and the more severe, the payout. What you’re probably really asking is WHY do people with lower scores have higher/more frequent claims. And the answer to that is, no one really knows, because no one has researched it. It doesn’t MATTER. All that matters is, the relationship between score and claims is real, and substantiated.Just like, WHY do 16 year old boys have more accidents? No one knows for sure, and it really doesn’t MATTER. They just do. So they pay higher rates, too.

auto insurance quotes insurance auto
Posted:2012-04-28 00:50:37
By:Kamron
The fico score at annual credit reports first and check them no creditdebit card required the real one is not free there the real one is the fico.For them no creditdebit card required the fico score is the score reports first and check them line.The fico score is the fico score is the real one is not free always have been dont get conned by tv ads or internet sites to pay for the real one is the fico score reports are many fake scores out there the.The fico score is not free once year at myficocom cost about 20 but make sure you get all of your reports first.

ordering viagra levitra
Posted:2012-04-25 02:36:04
By:Issy
Absolutely YES! Now that you have paid your debts, all you need to do is purchase a copy of your credit report (online) WITH SCORE. Next, use the online feature “dispute this account” to initiate an investigation of the debt. %99 of the time, the debtor never bothers to respond/dispute the account because it is not worth their response time. Their efforts are best spent working to collect on truly bad accounts with high amounts owed. When a company does not respond within 30 days, the negative information is automatically removed from your credit report. It’s beautiful! Of course, if the company later disputes this (which is rare), and can prove the negative information is true the worst that can happen is they put it back on your report. Again, this takes way too much time and effort when dealing with someone who has already paid their account off – so dispute away, it’s free to do so! You only pay for the credit report with score.

levitra acyclovir 400 mg cheap
Posted:2012-04-10 10:01:51
By:wwkbjeank
PrEP08 ufnibzcesnhg
Posted:2012-04-10 03:33:08
By:Maria
Before we answer this one, you need to know that there is an imroptant difference between a credit report and a credit score.Credit report vs credit scoreThe credit report is just like it sounds: A listing of your financial accounts (such as bank accounts and credit cards), where you live, property owned or rented, how much you owe, how well you pay your bills, whether or not you have been sued or arrested, and if you have filed for bankruptcy.Your credit score takes the data from your credit report, and boils it down to a number. The FTC explains it as so:Information about you and your credit experiences, like your bill-paying history, the number and type of accounts you have, whether you pay your bills by the date they’re due, collection actions, outstanding debt, and the age of your accounts, is collected from your credit report. Using a statistical program, creditors compare this information to the loan repayment history of consumers with similar profiles. For example, a credit scoring system awards points for each factor that helps predict who is most likely to repay a debt. A total number of points — a credit score — helps predict how creditworthy you are — how likely it is that you will repay a loan and make the payments when they’re due.A free credit reportBy federal law, Americans can get a free report from each of the three national credit reporting companies every year, or if you're denied a loan based on your report.Via , you can get your credit report free once every 12 months from the major credit agencies: Equifax, Experian and TransUnion. Do note that the AnnualCreditReport.com site is the only federally-authorized source for the free annual credit report.a0(.)Getting your credit scoreDuring some mortgage transactions, you can get your credit score information free of charge contact whoever is making or arranging your loan to find out how.Otherwise, getting your credit score can be a bit like navigating a maze. That's because you ideallya0want your FICO score this is the one that most lenders will be checking to make decisions about your credit. Via , FICO willa0charge about $20 for one report (but will try to sell you various other services, so shop carefully).The Fair Credit Reporting Act (FCRA) also gives you the right to get your own credit score from the national credit reporting companies. They are allowed to charge a reasonable fee usually about $8 for the score.Do be aware that the big 3 credit agencies will also try to upsell you on credit monitoring and other subscription services and may make it hard to find the information you need for the single, low-cost report. Here are some direct links to help:Equifax:a0, calla01-877-SCORE-11Transunion: Get your credit score viaa0 or call 1-800-888-4213. .Experian: Does not currently make a FICO score available via this program, but offers their own proprietary scoring system to consumers which, depending on your needs, may not be as much help.That's good karmaAs a free option, check outa0 aa0free consumer service offering credit simulators, free credit scores (not FICO, but the TransRisk New Account Score and VantageScore from TransUnion), score comparisons and more to help you actively manage your credit and financial health.The upside to the hassleHaving good credit can certainly make your life easier — but you need to be organized and efficient with your bill paying chores to stay on track.a0, and also remind you that whenever entering personal or other sensitive data on a computer, ensure that the connection is secure (look for the lock icon on the web page). Furthermore, if you’re connected to the internet through wifi or a router, confirm that it is password-protected and the signal is encrypted ().

Post a Comment

Please provide your information. Name and email address are required. Email address will not be displayed with the comment.
 
Name:
Email:
Comments:
 
Security:
Please enter the code shown in the image		  
 
 
 


Quick Links
Site Map  |  Contact Us
Copyright CUinsight © 2012. All rights reserved.