Genworth Financial Home Equity Access (GFHEA) announced Friday that the company will accept applications from new reverse mortgage partners without requiring an application package to be generated through its GFHEA system. It also has implemented a “fast-track” broker approval process to allow for new business partners as quickly as possible. The announcement comes on the [...]

Genworth Financial Home Equity Access today announced it has hired six new retail sales managers in an effort to drive growth of its retail reverse mortgage channel. “Our Sales Managers will play a critical role in driving the successful growth of our retail channel. These individuals bring extensive HECM product experience and outstanding leadership skills [...]

Genworth Financial Home Equity Access plans to roll out a three-phase financial assessment implementation by the end of the quarter, the company confirmed Friday. The phased approach is one that has not been fully tested by other lenders. MetLife, the first company to implement new underwriting guidelines following industry guidance from the Department of Housing [...]

Genworth Financial (NYSE: GNW) reported strong fourth quarter earnings of $107 million, up from a $161 loss in the fourth quarter of 2010 and beating analysts’ estimates. Earnings per share were 22 cents compared with a loss of 33 cents in the fourth quarter of 2010. In its quarterly report, Genworth noted the move away from [...]

Genworth Financial Home Equity Access (GFHEA) announced this week it has hired former MetLife reverse mortgage account manager Bob Garczewski to cover its midwest wholesale region. Garczewski, who has more than eight years of experience in reverse mortgages, will serve under the title Regional Account Manager. “Bob brings a wealth of reverse mortgage knowledge and experience [...]

MetLife (NYSE:MET) and Genworth (NYSE:GNW) may not be the only insurance powerhouses in the reverse mortgage business in 2012. While there have been rumors floating around for the last few months that New York Life, one of the largest mutual life insurance companies in the United States, was looking to enter the space, a new job opening [...]