Genworth Financial Streamlines Electronic Loan Data Exchange with Fidelity Empower! System for Ordering Mortgage Insurance
February 01 2005 - 12:51PM
PR Newswire (US)
Genworth Financial Streamlines Electronic Loan Data Exchange with
Fidelity Empower! System for Ordering Mortgage Insurance RICHMOND,
Va., Feb. 1 /PRNewswire-FirstCall/ -- Genworth Financial, Inc.
(NYSE:GNW) said today that its mortgage insurance segment has
established an electronic data exchange with the Fidelity Empower!
loan origination software system. It will provide faster processing
and improved productivity for Empower! users who order mortgage
insurance. Genworth officials say this capability eliminates
redundant data entry, and improves the accuracy and quality of user
data by eliminating re-keying. "We're delighted to bring mortgage
insurance functionality to the Empower! platform," said Lewis Fain,
senior vice president, Marketing and Business Development for
Genworth Financial's mortgage insurance business. "Our goal as a
company is to help people achieve the dream of homeownership
faster. Our common commitment to state-of-the-art technology and
customer service makes us ideal partners." Empower!, a product of
Fidelity Information Services, is an enterprise application that
offers connectivity to a wide array of lending industry services
and to the Internet. Allowing lenders to create a customized
platform to optimize their operations, the system can be tailored
to maximize personnel and financial resources now and in the
future. Fidelity Information Services is a division of Fidelity
National Financial, Inc. (NYSE:FNF). "We are continuously enhancing
our offering of third party interfaces to our Empower customers,"
said Al Bartello, senior vice president of sales and marketing for
Fidelity Empower. "Genworth is a well recognized world-wide
organization that focuses on assisting clients in our market with
their mortgage insurance needs." Genworth now has a significant
number of successful electronic data exchanges with customers and
leading mortgage platforms. Its capabilities include industry
standards such as MISMO XML, X12 and DU 3.2. About Fidelity
National Financial Fidelity Information Services, a division of
Fidelity National Financial, with customers in more than 50
countries and territories, provides information processing
management, outsourcing services, professional consulting services
and application software to the financial services and mortgage
industries. Forty-eight of the top 50 U.S. banks and 17 of the top
25 mortgage companies rely on Fidelity Information Services
products and services. More than one- third of the total dollar
volume of outstanding U.S. consumer loans, including mortgages, is
processed on Fidelity Information Services' software applications.
About Genworth Financial Genworth Financial is a leading insurance
holding company serving the lifestyle protection, retirement
income, investment and mortgage insurance needs of more than 15
million customers in 20 countries, including the U.S., Canada,
Australia, and more than a dozen European countries. For more
information, visit http://www.genworth.com/. DATASOURCE: Genworth
Financial CONTACT: Terry Souers, Vice President, Public Relations,
Mortgage Insurance, of Genworth Financial, +1-919-846-4459, or Web
site: http://www.genworth.com/
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