Genworth

Ratings

3.7

Overview

Genworth is well-known in Australia as a provider of Lender's Mortgage Insurance (LMI) and risk and management solutions. In addition to its standard LMI product line, it offers bespoke risk and capital management solutions to lender clients in the Australian residential mortgage market. It has partnered with central banks, smaller banks, mutuals, and non-bank lenders and promotes homeownership to ensure Australians' financial security.

  • Bank Type

    --

  • Founded

    2004

  • Headquarters

    New South Wales, Australia

  • Industry

    Financial services

  • Formerly/Predecessor

    --

  • Subsidiaries

    --

Need Home Loan Assistance?

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Pros & Cons-Genworth

Pros

  • Strict lending policies.
  • Signup Fees.
  • Customer Support.

Cons

  • Home Loan for Self-Employed.
  • High Property Value for First Home Buyers.
  • Strict Age Restrictions.

About of Genworth

Genworth is a publicly-traded global financial services company that offers mortgage insurance and related services to help people achieve their dream of homeownership. The company offers mortgage insurance to lenders to protect them in the event of borrower default, allowing more people to qualify for home loans. Mortgage insurance products from Genworth are available to homebuyers and homeowners in the United States, Canada, and Australia. Genworth also provides long-term care insurance, life insurance, and other insurance and financial products in addition to mortgage insurance. The company was founded in 2004 and is based in Richmond, Virginia, in the United States.

Features & Benefits of Genworth

Here are some of Genworth's features and benefits:

  • Mortgage protection: Genworth offers private mortgage insurance (PMI) to help homebuyers who can't put down 20% qualify for a mortgage. This can help borrowers realise their dream of becoming homeowners while also benefiting lenders by lowering their risk of default.
  • Insurance for long-term care: Long-term care insurance from Genworth can help people cover the costs of care in a nursing home, assisted living facility, or at home. This type of insurance can help people protect their retirement savings while also providing them with peace of mind about their future healthcare needs.
  • Insurance for life: Life insurance from Genworth can help people protect their loved ones in the event of their death. Term life insurance, universal life insurance, and other types of life insurance products are examples of this.
  • Retirement preparation: Genworth provides financial planning and investment services to assist people in planning for retirement. Retirement savings accounts, investment management, and financial advice are all examples of this.
  • Customer care: Genworth is dedicated to providing excellent customer service, with support available via phone, email, and online chat.
  • Industry knowledge: Genworth has been in the insurance business for over 145 years and has extensive knowledge of the industry. This knowledge enables the company to provide innovative products and services that address the changing needs of its customers.
  • Financial stability: Genworth is a financially strong company with a strong credit rating and a solid industry reputation. Customers may gain confidence in the company's ability to provide dependable insurance and financial products as a result of this.

Services Offered by Genworth

Individuals, families, and businesses can all benefit from Genworth's insurance and financial services. Genworth provides the following services:

  • Mortgage protection: Genworth offers private mortgage insurance (PMI) to help homebuyers who can't put down 20% qualify for a mortgage.
  • Insurance for long-term care: Long-term care insurance from Genworth can help people cover the costs of care in a nursing home, assisted living facility, or at home.
  • Insurance for life: Life insurance from Genworth can help people protect their loved ones in the event of their death. Term life insurance, universal life insurance, and other types of life insurance products are examples of this.
  • Retirement preparation: Genworth provides financial planning and investment services to assist people in planning for retirement. Retirement savings accounts, investment management, and financial advice are all examples of this.
  • Help for homeowners: Genworth provides assistance to homeowners who are having difficulty making their mortgage payments. Loan modification programmes, foreclosure prevention programmes, and other resources to assist homeowners in avoiding foreclosure are examples of such resources.
  • Training and education: Genworth offers education and training programmes to help real estate professionals, mortgage lenders, and other industry professionals stay current on the latest housing market trends and developments.
  • Risk management: Genworth provides risk management solutions to businesses to help them protect themselves from financial loss caused by unforeseen events. Insurance products and other risk management tools may be included.
  • Customer service: Genworth is dedicated to providing excellent customer service, with assistance available via phone, email, and online chat.

Types of Accounts in Genworth

Genworth, as an insurance and financial services provider, does not provide traditional bank accounts. Instead, the company provides insurance policies and investment products to assist individuals and businesses in meeting their financial objectives. Here are some examples of the products and policies available from Genworth:

  • Mortgage protection policies: Genworth provides private mortgage insurance (PMI) policies to assist homebuyers who cannot make a 20% down payment in order to qualify for a mortgage.
  • Policies for long-term care: Long-term care insurance policies from Genworth can help people cover the costs of care in a nursing home, assisted living facility, or at home.
  • Policies on life insurance: Life insurance policies from Genworth can help people protect their loved ones in the event of their death. Term life insurance, universal life insurance, and other types of life insurance products are examples of this.
  • Accounts for retirement savings: To assist people in saving for retirement, Genworth offers retirement savings accounts such as IRAs and 401(k)s.
  • Services for investment management: Genworth provides investment management services to assist people in managing their investments and increasing their wealth over time.

It's important to note that Genworth's specific products and policies may vary depending on location and other factors. Individuals who want to learn more about Genworth's products and policies should visit the company's website or contact a Genworth representative directly.

Genworth-Opening Hours

Day Timing
Monday to Thursday 8:30am to 8:00pm
Friday 8:30 am to 6:00pm
 

Contact Details / Customer Service

Contact details  Phone : 888-436-9678
Address Genworth Financial, Inc., 6620 West Broad Street, Richmond, VA 23230.
Social media Facebook ,Twitter

Frequently Asked Questions

What exactly is Genworth, and what products does it provide?

Genworth Financial Services is a financial services firm that offers insurance and investment solutions to individuals and businesses. Mortgage insurance, long-term care insurance, life insurance, annuities, and other products are available from the company.

How do I make an application for a Genworth product?

To apply for a Genworth product, go to the company’s website and look through the available options. When you’ve found a product that meets your requirements, you can apply online or contact a representative for help.

What should I do if I have a problem or a complaint about Genworth?

If you have a complaint or an issue with Genworth, you can get help from the company’s customer service team. If you are dissatisfied with the response, you can escalate your complaint to a higher level of management or file a complaint with a regulatory agency.

How do I submit a claim to Genworth?

You can file a claim with Genworth by visiting the company’s website or contacting a representative directly. The procedure will differ depending on the type of insurance you have and the specifics of your claim.

Why use us?

The customised financial services from UrbanMoney Oceania caters to the varying requirements of the applicant on their fund procurement journey.

Low interest rates

The intricate online model ensures the best interest rates are offered to the customers. The services aim to diminish the overhead costs.

Urban Money Oceania Exclusive Deals

The customers can avail of various exclusive offers available to the customers by UrbanMoney Oceania designed to cater to their budgetary needs.

Australian based support team

Our support team offers tailor-made services to customers intending to conclude loan transactions without any hassle. Available to customers at their convenience.

Disclaimer:

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