National Bankers Association Recommends
InterFirstlink and Genworth to its Members
ANN ARBOR, Mich., March 8 /PRNewswire/ -- The National Bankers Association
(NBA) recently recommended to its members specialized products and services
from both the Financial Institutions Group of InterFirst Wholesale Mortgage
Lending, a division of ABN AMRO Mortgage Group, Inc., and from Genworth
Financial's mortgage insurance business.
The Financial Institutions Group's InterFirstlink product and Genworth's
Homebuyer Privileges(SM) program have been identified by NBA as tools that
provide banks with a competitive advantage in their local markets. Norma
Alexander-Hart, president of National Bankers Association (NBA), recommends
"InterFirstlink and Genworth Financial as valuable resources for providing NBA
member banks with a wide-range of mortgage products and services to help serve
NBA's customer base."
InterFirstlink provides community banks with the ability to originate and
fulfill mortgages under their bank's name and brand without increasing staff
or other resources. Homebuyer Privileges(SM), which includes up to $5,000 of
discounts, rebates and special offers for consumers who intend to purchase or
refinance a home, provides a unique marketing tool that banks can use to
differentiate their products and services from competitors.
"In today's competitive mortgage market, banks, including NBA members, are
seeking ways to improve profits and grow their customer base," said Michael
Griffith, ABN AMRO Mortgage Group senior vice president and InterFirstlink
group manager. "InterFirstlink supports that goal by providing banks with a
wide-range of mortgage products, the ability to submit and check loan status
on a private-label Web site as well as back-office mortgage processing and
fulfillment."
"Genworth looks forward to helping NBA members open the door to
homeownership for their customers," said Lewis Fain, senior vice president,
marketing and strategic development for Genworth Financial's mortgage
insurance business. "Homebuyer Privileges(SM) program was designed to have
special appeal to first-time buyers. They really appreciate how it helps with
the various expenses associated with moving into a new home."
About the Financial Institutions Group of InterFirst Wholesale Mortgage
Lending
The Financial Institutions Group of InterFirst Wholesale Mortgage Lending
provides mortgage capabilities to community banks through its InterFirstlink
program. InterFirstlink is a comprehensive mortgage lending program that
provides a simple, Web-based loan origination system, processing, regulatory
compliance, and marketing support. InterFirstlink enables financial
institutions to establish a mortgage operation without increasing staff or
other resources, while retaining brand identity with customers. Information
on InterFirst's Financial Institutions Group is available at
http://www.InterFirstlink.com or by calling 800-770-1673.
About ABN AMRO Mortgage Group, Inc.
ABN AMRO Mortgage Group is one of the largest loan originators and loan
servicers in the United States. ABN AMRO Mortgage Group produces mortgage
loans and provides related services through its various divisions. ABN AMRO
Mortgage Group has approximately 3,000 employees located throughout the United
States.
About ABN AMRO N.V.
Netherlands-based ABN AMRO is a leading international bank with total
assets of EUR 608.6 bln (as at December 31, 2004). It has over 3,000 branches
in more than 60 countries and territories, and has a staff of about 100,000
full-time equivalents worldwide. ABN AMRO is listed on the Euronext and New
York stock exchanges.
About Genworth Financial
Genworth Financial is a leading insurance holding company serving the
lifestyle protection, retirement income, investment and mortgage insurance
needs of more than 15 million customers in 20 countries, including the U.S.,
Canada, Australia, and more than a dozen European countries. For more
information, visit http://www.genworth.com .
About The NBA
The National Bankers Association was founded in 1927 as the trade
association for the nation's 103 minority and women-owned banks (MWOBs). Our
members include banks owned by African-Americans, Native-Americans, American-
Indians, East-Indians, Hispanic-Americans, Asian-Americans and Women.
MWOBs are located in 29 states and 2 territories spanning 60 cities and
the District of Columbia. Our employees number over 15,000. In the
aggregate, MWOBs have assets in excess of 31 billion dollars and service over
3 million depositors. Collectively the individuals who serve on the boards of
directors of our member banks represent some of the most influential leaders
in minority communities and urban centers across the country. Since 1980 the
NBA has formed a successful partnership with Treasury representatives of
Fortune 500 corporations.
MWOBs, with few exceptions, serve distressed communities plagued by many
social and economic problems. Our institutions are deeply committed to
providing employment opportunities, entrepreneurial capital and economic
revitalization in neighborhoods which often have little or no access to
alternative financial services. http://www.nationalbankers.org
SOURCE ABN AMRO Mortgage Group, Inc.
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Related links:
http://www.InterFirstlink.com
http://www.genworth.com http://www.nationalbankers.org
http://www.abnamro.com
CONTACT:
Jenn Cornell for InterFirst, +1-734-761-3399,
or Jenn@EilerPR.com ; Terry Souers for Genworth Financial
Mortgage Insurance, +1-919-846-4459, or terry.souers@genworth.com
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