Job Loss Protection
In an uncertain economy, stable employment is something that should not be taken for granted. For homebuyers who want to safeguard their mortgage from the start, Genworth Mortgage Insurance purchases the additional benefit of Job Loss Protection to help borrowers feel safer during tough times. This added level of protection is provided as an option on several of Genworth's Borrower-Paid MI products.
Job Loss Protection also serves as a sales tool that lets you:
- Create more value in your relationships
- Generate more successful loans
- Win more business
Your Role is Important
For the program to be a success, it is critical that borrowers are aware they have Job Loss Protection as part of your mortgage insurance program from Genworth. We depend on you to actively communicate its benefits when discussing loan options and to provide your borrowers with materials to ensure they are well informed.
You should also encourage your borrowers to register with Genworth at our Homeowner Welcome Center site so we can reach out to them periodically with Job Loss Protection benefit reminders, important news, answers to questions and more.
Here are some materials to help you and your borrowers understand the program:
Lender Brochure (pdf | 3304kb)
Overview for Borrowers (pdf | 92kb)
Registration Flier for Borrowers (pdf | 575kb)
For more information, contact your Genworth Sales Representative.
Job Loss Protection is underwritten by a third party, "A" (excellent) rated insurer. Please note that the Job Loss Protection program described herein is subject to conditions, exclusions and restrictions not necessarily included in this Summary. The program is subject to availability at the time of closing and may be modified or withdrawn without notice.
