Arrears Management Tool
In accordance with the terms and conditions of the Master Policy, any insured loan which is equal to or greater than 60 days in arrears is required to be reported to Genworth within 14 days of the end of each month.
Genworth has a standard Arrears Reporting Template that is provided to Lenders so they may advise Genworth of the current status of an insured loan in arrears and any recovery action that is proposed or taken.
Genworth will review any insured loan reported in arrears to identify the potential for any hardship or borrower sale assistance.
Click here to view the new Arrears Reporting Template.