Genworth Expands and Realigns Sales Team to Help Lenders Serve the Growing Home Purchase Market

RICHMOND, Va.,  March 5, 2014 /PRNewswire/ -- Genworth Mortgage Insurance today announced it has realigned and expanded its sales team to help mortgage originators grow their business and provide better customer service. The new team structure will drive strong cross-collaboration to support the evolving needs of customers looking to prosper in the expanding home purchase market.

"Genworth MI offers very competitive pricing and the industry's broadest underwriting guidelines. But with the complexity of today's loan origination and servicing environment, customers want a partner that also can simplify their processes and help them grow their business. With these changes, our sales force will continue to meet our customers' high service expectations," said Matt Young, Genworth MI senior vice president for sales.

Young added that Genworth MI expanded its sales team by 10 percent in 2013, and expects additional expansion this year. He said Genworth MI is committed to pursuing prudent growth in 2014, while continuing to help lenders offer affordable low down payment financing to support the home purchase market. "Genworth MI is dedicated to saving lenders time, boosting their business, and providing a great customer experience. This new structure will help us continue to build the long-term relationships that are the foundation of our success," Young said.

The new sales team structure divides the country into five regions (versus the previous three) with a regional vice president overseeing experienced teams that will serve the needs of lenders of all sizes and business strategies in each area. Regional vice presidents include:

• West: Erin Kirkeeng
• South Central: Chad Gomoll
• North Central: Maureen Doherty
• Northeast: Michael Haboush
• Southeast: Robert Szarek

Genworth MI last year introduced lower rates and expanded guidelines to ensure its offerings are the most competitive for nearly all borrowers and loan scenarios. For example, a loan officer in Tacoma, WA discovered that using Genworth MI would save her borrower $86 a month compared to another MI company. Loan originators can quickly find Genworth's rates by using Rate Express^SM, the most comprehensive and easiest-to-use rates and comparisons tool in the industry.

About Genworth Financial

Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families and futures. Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement -- including life insurance, long term care insurance, and financial protection coverages -- and mortgage insurance that helps consumers achieve home ownership while assisting lenders in managing their risk and capital.

Genworth operates through three divisions: U.S. Life Insurance, which includes life insurance, long term care insurance and fixed annuities; Global Mortgage Insurance, containing U.S. Mortgage Insurance and International Mortgage Insurance segments; and the Corporate and Other division, which includes the International Protection and Runoff segments. Products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth, headquartered in Richmond, Virginia, traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com. From time to time, Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of genworth.com.

SOURCE Genworth Financial, Inc.