Genworth Mortgage Insurance, a subsidiary of Genworth Financial, Inc., announced the launch of GENie, a highly automated enterprise underwriting platform designed to streamline its operations and enhance underwriter productivity.
According to Genworth, GENie automates manual underwriting processes such as document classification, data extraction, loan routing/assignment, and performance management, eliminating the need for underwriters to interface with multiple systems.
“Innovation and technology that streamline our underwriting services remain a top priority for us,” said Paul Gomez, SVP and COO, Genworth Mortgage Insurance. “GENie is the type of platform that allows us to continue offering industry-leading turnaround times and drive new efficiencies via automation, further enhancing Genworth’s reputation as a mortgage insurance underwriting company determined to stay ahead of the technological curve and to make it even easier for our customers to do business.”
The platform, developed in conjunction with leading mortgage technology provider, Tavant Technologies, will also improve workflow via a series of enhanced dashboards that more clearly demonstrate the progress of each individual underwriting application.
“We’re thrilled to have collaborated with Genworth in the development of GENie,” said Hassan Rashid, EVP–Global Sales & Marketing, Tavant Technologies. “As the mortgage insurance industry continues to innovate, platforms like GENie will be key drivers in streamlining operations and maximizing efficiencies.”