Liberty Reverse Mortgage Turns into Full Service Reverse Lender Following RMS Acquisition
Last week, Ocwen Financial Services, the parent company of Liberty Reverse Mortgage, announced the acquisition of Reverse Mortgage Solutions. In a recent interview with Reverse Mortgage Daily, Mike Kent, President of Liberty, shared how the acquisition will affect the company and where it now positions the company in the reverse mortgage industry.
“In the short term, the transaction will have little operational impact on Liberty,” Kent said in his interview with RMD. “It makes us the only reverse mortgage company that issues, securitizes and services reverse mortgages directly. In the longer term, this transaction can offer our customers and partners a holistic, consistently superior customer experience. “
He adds that owning a reverse mortgage servicing platform gives the company leverage in helping its reverse borrowers and partners.
“Aligning our origination business with our reverse servicing business will enable our borrowers to achieve better retirement results,” said Kent.
“The ability to manage the borrower’s experience from the procurement process to the service process will set a new standard for service in our industry,” says Kent. “Aligning our origination business with our reverse servicing business will enable our borrowers to achieve better pension results regardless of the origination channel.”
Read about the Liberty Reverse Mortgage Acquisition and Sale Details.