Liberty Home Equity Solutions, commonly known as Liberty or Liberty Reverse Mortgage, is a major reverse mortgage lender headquartered in Rancho Cordova, California. The company has operated nationwide for many years and is licensed in 48 states plus the District of Columbia, giving it one of the broadest footprints in the industry.

Leadership and Corporate Structure

Liberty is led by President Mike Kent. The company is part of PHH Mortgage, a subsidiary of Onity Group, formerly Ocwen Financial Corporation. For two decades, Liberty has been one of the best-known national brands in the reverse mortgage space.

Current Status and Recent Announcement

In late 2025, Liberty’s parent company announced that it will stop originating new reverse mortgages and will sell its reverse mortgage servicing portfolio, which contains roughly 40,000 active loans. This marks a major shift for the brand, which had historically been one of the largest lenders in the field.

Existing borrowers will continue to be serviced, but a different company will assume servicing duties once the sale is finalized. FHA insurance and all HECM loan protections remain intact for borrowers, regardless of the servicing transfer.

Product Range

Until its recent exit from new originations, Liberty offered:

• HECM (Home Equity Conversion Mortgage) loans

• A range of proprietary reverse mortgages

Liberty was also the creator of EquityIQ, a jumbo private reverse mortgage product designed to serve homeowners with high-value properties. EquityIQ offered loan amounts up to $4 million, no mortgage insurance premium, and more flexible eligibility guidelines than the FHA HECM program. The product included a non-recourse feature similar to federally insured reverse mortgages and was available in both fixed-rate structures and no-fee options.

History

Founded in 2003 as Liberty Reverse Mortgage, the company quickly grew into one of the most recognized names in reverse lending. In 2007, it was acquired by Genworth Financial in a deal valued at approximately $50 million. After several years under Genworth, the company was renamed Genworth Financial Home Equity Access.

By 2013, the business was sold to Ocwen Financial Corporation for about $22 million. Shortly before the sale closed, the lender’s name was changed to Liberty Home Equity Solutions, reconnecting the brand with its original identity while broadening its senior-market positioning.

Under Ocwen (now Onity Group), Liberty became one of the company’s strongest-performing divisions. In several earnings calls over the years, Liberty was cited by executives as a stabilizing contributor at times when other Ocwen business lines were under financial pressure.

Market Position

For more than a decade, Liberty consistently ranked among the top reverse mortgage lenders in the United States. As of January 2025, the company held the #5 national ranking for HECM endorsements.

Like the rest of the industry, Liberty experienced volume declines after major HUD program changes in 2017, which lowered Principal Limit Factors and introduced new collateral assessment requirements. In response, Liberty strengthened its proprietary offerings and expanded EquityIQ to remain competitive in high-value markets.

Summary

Liberty Home Equity Solutions has been one of the most established reverse mortgage brands in the country, known for national reach, strong proprietary product development, and long-term participation in both retail and wholesale channels. With its parent company’s 2025 decision to end new reverse mortgage originations and sell its servicing portfolio, Liberty’s role in the industry is shifting from an active national lender to a legacy brand whose existing borrowers will continue to be supported through a new servicer.