Timeline |
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2020 |
- PHH’s President Glen Messina brings Liberty into the PHH family
- Liberty Home Equity Solutions, Inc. becomes Liberty Reverse Mortgage
- Changes the lives of over 74,000 seniors to date
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![Liberty Reverse Mortgage](https://libertyreverse.com/MarketingDocs/LRM-Brand/Logos/Web-Horizontal/LRM-Logo-Hrz-RGB-300px.jpg) |
2018 |
- Ocwen purchases PHH Mortgage
- Changes the lives of over 70,000 seniors to date
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![PHH Mortgage](/MarketingDocs/LRM-PHH/PHH_Logos/PHH_Mortgage/PHH_Mortgage-Logo-RGB-300px.jpg) |
2017 |
- Receives ConsumerAffairs Brand Accreditation (4.5+ star rating) and continues to maintain an A+ BBB Rating for 13 years
- Launches local chapter for Ocwen Global Women’s Network (OGWN)
- Changes the lives of 63,975 seniors to date
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![BBB Accredited Business](/wp-content/uploads/2023/03/seal-for-bbb.png) |
2016 |
- Launches Diversity and Inclusion Program, an initiative to ensure we create, promote and sustain a diverse work environment
- Changes the lives of 56,474 seniors to date
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![Ocwen Financial Corporation](/wp-content/uploads/2023/04/Ocwen-Diversity-Logo.jpg) |
2015 |
- Michael Kent joins Liberty as President and serves on the NRMLA (National Reverse Mortgage Lenders Association) Board of Directors, Executive Leadership Team
- Changes the lives of 49,735 seniors to date
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![National Reverse Mortgage Lenders Association](/wp-content/uploads/2023/04/NRMLA-Logo.png) |
2014 |
- Launches HECM Zero Product
- Releases a proprietary HECM Loan Origination System (HELOS) which helps simplify the HECM loan process
- Changes the lives of 42,481 seniors to date
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![HECM Zero](/wp-content/uploads/2023/04/hecm-zero-sm.jpg) |
2013 |
- GFHEA launches a new company name, Liberty Home Equity, Inc. (Liberty)
- Liberty becomes a wholly-owned subsidiary of Ocwen Financial Corporation
- Launches Liberty University to promote associate and partner education
- Liberty issues its first Ginnie Mae security
- Changes the lives of 35,855 seniors to date
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![Liberty Home Equity Solutions](/wp-content/uploads/2023/04/th-Liberty-OurStory.jpg) |
2012 |
- Ranks #2 in retail loans, 4,712 in HECM loan originations
- Reaches 25,000 closed loan milestone
- Launches TV advertising including Robert Wagner as spokesperson
- Company grows to over 450 associates nationwide
- Ocwen Financial Corporation, a leading global mortgage servicer announces plans to purchase Genworth Financial Home Equity Access, Inc. in the first half of 2013
- Changes the lives of 27,112 seniors to date
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![2012 - Ocwen Purchases GFHEA](/wp-content/uploads/2023/04/2012-Ocwin-Purchases-Genworth-Financial-150x94.png) |
2011 |
- GFHEA becomes an approved Ginnie Mae issuer
- Invests in on-line marketing to reach new segment of web-savvy seniors
- Record volume: Funds 1,131 retail 3,694 wholesale loans
- Changes the lives of 20,269 seniors to date
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![Genworth Launches Online Marketing](/wp-content/uploads/2023/04/GFHEA-website-150x150.jpg) |
2008-2010 |
- Expands service to 50 states
- GFHEA enhances its operational capabilities including investments in new process efficiencies and increased compliance.
- Changes the lives of 15,444 to date
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![2008 - Team Photo](/wp-content/uploads/2023/04/2008-Team-150x150.jpg) |
2007 |
- Introduces wholesale financing for HECM loans (March 2007)
- Genworth Financial, a global fortune 500 insurance company, acquires Liberty Reverse Mortgage.
- Changes its name to Genworth Financial Home Equity Access, Inc. (GFHEA)
- Expands footprint to17 states and employs 180 people
- Changes the lives of 3,721 seniors to date
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![Liberty changes name to Genworth Financial Home Equity Access](/wp-content/uploads/2023/04/Liberty-GFHEA-150x150.jpg) |
2005-2006 |
- Peter Engelken joins Liberty and becomes its first CEO leading a team of 40 people
- Liberty expands its retail operations to 8 states
- Becomes a top 10 HECM lender
- Receives HUD Direct Endorsement Approval (2/2006)
- Becomes Fannie Mae Seller / Servicer (11/2006)
- TV & radio campaigns launched with spokesperson Jim Lange, former host of “The Dating Game”
- Employs 130 people
- Changes the lives of 1,630 seniors to date
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![2006 - Employs 130 people](/wp-content/uploads/2023/04/2006-Employs-130-People-150x150.jpg) |
2004 |
- Liberty Reverse Mortgage is founded by Scott Hanson and Pat McClain, the owners of a leading Sacramento based financial planning firm (incorporated in CA on September 5, 2003)
- Launches first direct mail marketing campaign
- Changes the lives of 130 seniors
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![2004 The Start](/wp-content/uploads/2023/04/2004-The-Start-150x150.jpg) |