Genworth USMI Completes Integration with Encompass 360, PCLender Systems

""Genworth's U.S. Mortgage Insurance"":http://mortgageinsurance.genworth.com/ (USMI) unit announced the completion of integrated electronic interfaces with ""Ellie Mae's"":http://www.elliemae.com/ Encompass 360 and ""Lender Processing Services'"":http://www.elliemae.com/ (LPS) PCLender loan origination systems (LOS).

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According to a release from Genworth, more than 300 lender customer accounts now have the ability to process loans faster and receive mortgage insurance commitments electronically as a result of the integration.

The integrations with Encompass 360 and PCLender allows mortgage lenders to get direct access with [COLUMN_BREAK]

Genworth USMI rate quotes and ordering of commitments to grand mortgage insurance without having to leave their internal LOS. This feature reduces time and simplifies the process needed to obtain confirmation of coverage.

While the ability to order mortgage insurance through LOS interfaces is available for customers authorized by USMI to underwrite loans based on its guidelines, the option to obtain a rate quote is available to all LOS users.

According to Genworth USMI, customers who have completed the LOS integration now originate more than 80 percent of their loans using the faster electronic interface.

""Genworth technology solutions can streamline our customers' mortgage origination processes,"" said Erika Stinson , digital channel product manager for Genworth USMI. ""The integrations are part of Genworth USMI's ongoing technology innovation and process improvements to ensure that it is easy for customers to do business with us. Our integrations with PCLender and Encompass360 make these improvements available to even more customers.""

Genworth USMI is a unit of Genworth Financial, Inc., based in Virginia.