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   General Insurance in Australia
 

Genworth Financial Mortgage Insurance Pty Ltd - Profile Company Report Australia

31-12-2012, 8 pages

Genworth Financial Mortgage Insurance Pty Limited is a foreign owned proprietary company that provides lenders mortgage insurance. The Company is a subsidiary of Genworth Financial Inc, a multinational financial security company with over 15 million customers in over 25 countries. Genworth Financial Mortgage Insurance employs approximately 270 staff, operates in Australia and New Zealand, and is headquartered in Sydney.

Genworth Financial is an insurance and financial services company. Genworth Financial offers four main product types to its customers:

  • Standard LMI - General mortgage insurance suited for a wide range of borrowers and loan purposes.
  • Limited income evidence - Mortgage insurance for customers who may have limited financial documentation, such as the self-employed.
  • HomeBuyer Plus - Mortgage insurance for borrowers with limited or no savings. This includes borrowers eligible for the first home owners grant.
  • Family Pledge - Mortgage insurance for borrowers with an immediate family member that is willing to provide security and servicing support.

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