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Personal service
Our experienced team of underwriters and account managers works together to service your client's loan throughout the entire approval process. No application is declined until it has been reviewed by senior management and every effort has been made to restructure the deal to make it work. Because we are industry people too, we understand your business and work with you to help build it.
Genworth Financial's Excel™
We understand the importance of fast and reliable processing of mortgage default insurance applications, and have invested in technology to make sure this is what we deliver. Genworth Financial's Excel™ technology is our fully automated delivery and decisioning system. Applications are approved within minutes, with no paperwork at all.
Commitment to quality
Our goal is to achieve an unsurpassed level of excellence in everything we do. Our Six Sigma Quality program is how we will get there. It ensures that we continuously listen and improve our processes to meet your and the needs of your clients.
Homeownership Assistance
Once you put your client in their home and we insure it, we want to ensure that they can stay there. With Genworth Financial's Homeowner Assistance program, we work with both the lender and the borrower experiencing financial difficulties, helping in a time of need.
Innovative mortgage solutions
We help people when they need us - especially when they need us most.
Genworth is there to help meet Canadians' needs through the different stages of their lives. We offer a competitive choice of flexible mortgage default insurance products for the purchase, renovation or refinancing of homes across Canada.
Genworth introduced mortgage default insurance portability to Canadians. Most lenders have a portability feature, which allows home buyers to transfer their original mortgage to a new property, preserving a low interest rate. If they decide to transfer their mortgage to a new home, and Genworth insures it, they may be able to port the mortgage default insurance as well, allowing them to save on future insurance premiums.
In addition to our standard high ratio product offerings, we also offer unique mortgage default insurance products that benefit Canadians, including:
- A Business For Self (Alt. A) program. This program opens up high ratio mortgage opportunities for self-employed borrowers who cannot provide traditional income verification.
- A Cashback Equity program. We can help home buyers with good credit purchase a home without using a traditional down payment.
- A Family Plan program. We developed this program for homeowners who want to help buy a home for elderly parents or entrepreneurial/student children with good credit but insufficient income to meet standard requirements.
- A New To Canada program. Qualified homebuyers who have immigrated or relocated to Canada can qualify for Genworth mortgage default insurance with as little as 5% down payment.
- A Purchase Plus Improvement program. This program makes it possible for home buyers to make improvements to homes immediately after taking possession.
- A Vacation/Second Home Mortgage program. We can help borrowers obtain financing on the purchase of a vacation or recreation home with as little as 5% down payment.
Homebuyer Privileges™ Program
Additional home ownership costs like moving, furniture and major appliances are hard for home buyers to avoid. We know these expenses can stand between your client and their dream home, so we have teamed up with mortgage lenders and key nationwide suppliers to create Homebuyer Privileges™ (HBP).
The HBP program is an exclusive online offering that lets your Genworth-insured clients enjoy significant savings on products and services geared to new home buyers. These range from appliances to extended warranties, moving expenses, and household items. Participating vendors* include: Equifax Canada, Canadian Tire Online, Dell Canada, Bell Mobility, Bell ExpressVu, GE Appliances, Hertz, Chubb Security Systems, Consumer's Protection Plan and AMJ Campbell Van Lines.
At Genworth, we understand your needs and the needs of your mortgage clients. Ask your lender for a Genworth-insured mortgage, and together, we'll help Canadian families realize their home ownership dreams.
*vendors and vendor offers subject to change without notice.
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