Genworth U.S. Mortgage Insurance (USMI), a unit of Genworth Financial Inc., has introduced a mobile version of Rate Express, its mortgage insurance rates and comparisons tool.
As per a company press release, the mobile application lets loan officers and processors quickly compare Genworth mortgage insurance rates or obtain a rate quote using their smartphone or tablet, so lenders can close loans faster.
Using Rate Express, customers can get a "Quick Quote" of a Genworth mortgage insurance premium rate on their mobile device by completing three information fields – loan amount, loan-to-value ratio and credit score.
In addition, the mobile application allows customers to compare Genworth and Federal Housing Administration insurance rates, email the results of queries or save them for future reference, and compare other mortgage insurance products.
What's more, Erika Stinson, digital channel product manager for Genworth USMI, says "loan originators and processors can customize their user profile within the app so that it presents information in the way that works best for them."
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