All About Liberty Reverse Mortgage
Founded in 2003 as Liberty Reverse Mortgage, Liberty Home Equity Solutions is headquartered in Sacramento, California. For a time, Genworth Financial owned the company and it went by the name Genworth Financial Home Equity Access (GFHEA). In February 2013, the company again changed names, becoming Liberty Home Equity Solutions. Ocwen Financial acquired the company in April 2013.
As of April 2013, Liberty Home Equity Solutions was the number one reverse mortgage lender by origination volume. The company offers reverse mortgages in all 50 states. Liberty Home Equity Solutions is also well known for its commercials starring Robert Wagner, a television and film actor in his 80s.
One mistake many reverse mortgage consumers make is not to compare lender offers. If you're seriously considering working with Liberty, you can use this link to see other reverse mortgage offers and potentially save.
Unfortunately, there are not many consumer reviews for Liberty Home Equity available on the Internet. There are a handful of reviews aggregated across a number of websites, but none of the sites that the authors located contained more than a couple of reviews each. Liberty does currently enjoy an "A+" rating with the Better Business Bureau, and the company offers an "Iron Clad Guarantee" to its customers. As part of the guarantee, Liberty will match any competitors price and close the loan within 60 days. If it does not follow through on these promises, the borrower will receive monetary compensation.
How Do We Feel About Liberty Home Equity Solutions?
Liberty Home Equity Solutions is one of the leaders in the new, relatively bank-free reverse mortgage market. However, there's a surprising lack of information about this company available online; one would think that the largest player in any industry would do a better job of building up its brand name. Liberty has done a nice job of providing solid resources for consumers on its website, and we hope that as the marketplace develops there will be more publicly available information about the company.