GENWORTH U.S. MORTGAGE INSURANCE PARTNERSHIP WITH AXACORE
RALEIGH, N.C., Dec. 11, 2014 /PRNewswire/ — Genworth U.S. Mortgage Insurance (“Genworth”) today became the first private mortgage insurer to partner with Axacore, a leading document management platform, in a deal creating synergies among both firms’ mutual customer base. Lenders who use the Axacore platform directly or through one of Axacore’s OEM partners now have access to seamless one-click ordering of Genworth non-delegated mortgage insurance from within the Axacore system.
“Non-delegated mortgage insurance, which requires the lender to submit loan documentation so a Genworth underwriter can make the risk decision, is gaining in popularity,” said Geriel Thornburg May, Genworth MI Director of Customer Experience. “Enabling mutual customers of Axacore and Genworth to easily order mortgage insurance from one place with a single click is a valuable tool that creates more efficiencies for a smoother process.”
“We’re proud to be the first to market with the Axacore partnership,” Thornburg-May said. “Speed to close is a critical component of the mortgage insurance process and this partnership allows us to provide our lenders with the most optimal service, which allows them to better serve their buyers.”
The agreement caps a year of technological advancements for Genworth that improve the customer experience, an expanded focus for the company.
Axacore, based in San Diego, has been helping organizations streamline paper-intensive business processes and automate the flow of documents to team members, customers, partners and vendors since 1996. Axacore’s products have won numerous awards and accolades for their scalability, flexibility and ease of use. The solutions are distributed worldwide through a network of system integrators, OEM providers and direct sales delivering solutions to a broad range of industries and organizations of all sizes. www.axacore.com
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company committed to helping families become more financially secure, self-reliant and prepared for the future. Genworth has leadership positions in long term care insurance and mortgage insurance and competitive offerings in life insurance and fixed annuities that assist consumers in solving their insurance, retirement and home ownership needs. www.genworth.com