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
1. Genworth Mortgage Insurance
8325 Six Forks Road
Raleigh, North Carolina 27615
919 846.4100
800 444.5664 Toll Free
genworth.com
mortgageinsurance.genworth.com
March 26, 2012
Announcement CU 2012 – 1
New Relocation Premium Discount
Introducing Military Relocation Program
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.
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 Program
Because 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 serve
their 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 of
North Carolina, Genworth Residential Mortgage Assurance Corporation
2. Please distribute this information to the appropriate contacts within your organization. Contact
your Genworth representative or the ActionCenter® at 800 444.5664 for additional information.
Sincerely,
Rohit Gupta
Chief Commercial Officer
Genworth Mortgage Insurance underwriters include: Genworth Mortgage Insurance Corporation, Genworth Residential Mortgage Insurance Corporation of
North Carolina, Genworth Residential Mortgage Assurance Corporation