ASX-listed Genworth has renewed Lenders Mortgage Insurance (LMI) contract for the National Australia Bank’s broker business.
The new contract is for a term of two years.
Genworth CEO Georgette Nicholas said, “We look forward to continuing our long-standing partnership with NAB under this new contract, the terms of which meets our pricing ROE profile and risk appetite,”
“Our value proposition to lender customers remains strong and we continue to invest in our relationship with NAB through technology, product offerings and service that provide a better borrower experience.” Nicholas said.
Australian Property Journal
