News Feed Item

Genworth MI Launches Integration with Optimal Blue Product and Pricing Engine; Offers Loan Originators More Functionality than Competitors

Committed to Being Available on Leading Origination Platforms Used by Customers

RICHMOND, Va., April 9, 2014 /PRNewswire/ -- Loan officers and other mortgage originators will have easy access to the mortgage insurance industry's broadest guidelines and competitive rates with the launch today of a seamless integration between Optimal Blue® and Genworth Mortgage Insurance, the Raleigh, NC-based unit of Genworth Financial, Inc. (NYSE: GNW).

The integration with Optimal Blue, the mortgage industry's leading and largest product and pricing engine (PPE), makes pricing and information about Genworth mortgage insurance products available to loan officers at approximately 600 additional mortgage lending institutions. These customers now will have the ability to more quickly price loans with Genworth mortgage insurance, which can boost productivity.

"This new integration will provide current and prospective customers with Genworth pricing accuracy, improved ease of use, and operational efficiency," said Erika Stinson, Genworth MI digital channel product manager. "We tested extensively with customers prior to launching this integration to make sure we offered functionality that no other MI company currently can match. Customer feedback has been overwhelmingly positive."

Exclusive functionality of the Genworth MI integration with Optimal Blue lets originators:  

  • Email rate quote results to themselves or others in the origination process, such as a processor or underwriter. Originators can add the borrower name and loan number to the results to ensure MI rate information is tied to the correct loan file, which can help lenders with compliance.
  • View and print results that contain all the loan parameters used to generate the MI quote.
  • See a brief description of each Genworth MI product when the computer cursor hovers over it.
  • Generate a Scenario ID to allow a loan originator to recall a specific Optimal Blue Genworth MI rate quote obtained through Genworth's Rate Express®, and order MI directly from Rate Express.

Optimal Blue's enterprise pricing, point-of-sale, compliance and secondary marketing automation services continue to stretch the boundaries of managed-content productivity tools, according to Larry Huff, Co-CEO of Optimal Blue. Huff said, "Our collective objective was to continue to improve access to information and automate workflow in a way that enhances the lender's and originator's operational efficiencies and improves compliance. We feel we have set a new standard in these two areas." Huff continued, "Working with Genworth MI on this project represents our desire to tackle the tough challenges our customers are confronted with."

Optimal Blue and Genworth MI will co-host webinars for customers to learn more about the integration on April 15, 16 and 17. Customers may register for a webinar beginning April 14 by visiting http://mortgageinsurance.genworth.com.

The integration will allow mortgage loan originators to get direct access – at the push of a button – to Genworth USMI rate quotes, including comparison of Genworth MI rates with Federal Housing Administration coverage. This can reduce the time and simplify the process needed to obtain information about Genworth mortgage insurance rates and eligibility. The Optimal Blue integration also will automatically calculate MI Premium Tax information, where needed.

Stinson said Genworth MI provides seamless, secure electronic data connections to the mortgage origination and pricing systems of the mortgage industry's leading LOS and PPE providers, as well as to the proprietary systems of many of the nation's largest lenders. "We continually add technology innovations and process improvements that make it easy for customers to do business with us," she added.

User guides and information on the integrations process can be accessed on Genworth's customer-facing website at:


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, and financial protection coverages -- 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. 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.


SOURCE Genworth Financial, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime Solutions, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue an...
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and microservices. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your conta...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his session at @DevOpsSummit 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will show how customers are able to achieve a level of transparency that enables everyon...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
SYS-CON Events announced today that Streamlyzer will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Streamlyzer is a powerful analytics for video streaming service that enables video streaming providers to monitor and analyze QoE (Quality-of-Experience) from end-user devices in real time.
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
DevOps theory promotes a culture of continuous improvement built on collaboration, empowerment, systems thinking, and feedback loops. But how do you collaborate effectively across the traditional silos? How can you make decisions without system-wide visibility? How can you see the whole system when it is spread across teams and locations? How do you close feedback loops across teams and activities delivering complex multi-tier, cloud, container, serverless, and/or API-based services?
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.