Genworth Renames Its Reverse Mortgage Unit
November 23, 2008
Liberty Reverse Mortgage will be renamed Genworth Financial Home Equity, completing the integration of one of the nation’s leading reverse mortgage companies into a leading insurer.
Richmond, Va.-based Genworth Financial, which serves 15 million customers in more than 25 countries, acquired Liberty Reverse Mortgage in October 2007. Liberty was founded in 2004 and specialized in serving older adult homeowners with equity-access products.
“This acquisition is a natural extension of Genworth’s commitment to the senior market and our vision to deliver financial security to consumers,” said Govind Narayan, CEO of Genworth Financial Home Equity Access. “It is a continuation of our focus on serving seniors and providing products that meet their needs for liquidity and retirement income and enable their retirement safety net.”
Genworth Financial Home Equity Access originates reverse mortgages with homeowners, and operates one of the largest wholesale brokerage divisions in the industry. The company announced the name change at the National Reverse Mortgage Lenders Association’s Annual Meeting in Los Angeles.
For more information on related topics, visit the following:
