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Find a Location

Liberty Reverse Mortgage has 1 locations, listed below.

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    Business ProfileforLiberty Reverse Mortgage

    Mortgage Lenders
    BBB accredited business

    At-a-glance

    Customer Reviews

    1/5stars

    Average of 1 Customer Reviews

    Customer Complaints

    3 complaints closed in last 3 years

    1 complaints closed in last 12 months

    BBB Rating & Accreditation

    Accredited Since: 3/24/2005

    Years in Business: 20

    Customer Reviews are not used in the calculation of BBB Rating

    Reasons for BBB Rating

    Products & Services

    Liberty Reverse Mortgage provides reverse mortgage services.

    Business Details

    Location of This Business
    10951 White Rock Rd Ste 200, Rancho Cordova, CA 95670-6366
    BBB File Opened:
    5/24/2004
    Years in Business:
    20
    Business Started:
    9/5/2003
    Date of New Ownership:
    4/3/2013
    Business Incorporated:
    9/5/2003
    Accredited Since:
    3/24/2005
    Licensing Information:
    This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
    Type of Entity:
    Corporation
    Number of Employees:
    300
    Business Management
    • Mr. Evan Brian Hale, Marketing Director
    Contact Information

    Principal

    • Mr. Evan Brian Hale, Marketing Director

    Customer Contact

    • Mr. Evan Brian Hale, Marketing Director
    • Miss Lisa Gotchov, Marketing Manager
    Additional Contact Information

    Phone Numbers

    Customer Complaints

    3 Customer Complaints

    Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

    File a Complaint

    Most Recent Customer Complaint

    05/15/2023

    Complaint Type:
    Customer Service Issues
    Status:
    Answered
    I am highly disappointed that my reverse mortgage is handled by PHH. In February I contacted PHH for a partial lien release and sent them every document requested a total of 8 times. I cannot communicate with anyone regarding this issue. I have requested to speak with someone in the department so that I can understand the delays but no one can give me a name. I keep getting emails asking for documents that were already in their hands. This is the most frustrating thing that I have ever dealt with. I send documents almost every week to every address that I am given. I was very happy with liberty but this is a nightmare.
    Read More

    Customer Reviews

    1 Customer Reviews

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    How BBB Processes Complaints and Reviews

    Start a Review

    Most Recent Customer Review

    Joseph M

    1 star

    11/18/2021

    Sales agent *************************** made a big mistake on my application and lied to me about it.I was re-financing my reverse mortgage and I had to chose a plan that would lock in interest rates on an annual or monthly basis. I chose the annual rate program, mostly based on the agents recommendation. The agent then signed me up for the monthly program instead. I only found out about it when I received the ****1 form just before closing. I immediately notified the agent and she told me that I had chosen the monthly program and if I were to switch to the annual program now it would be at a higher interest rate and they would also charge me a $6000 origination fee, which hadnt been included on either option that I was originally offered. I felt sure that I selected the annual plan and asked the agent if she was sure and about that. She said yes. Later she said that the monthly plan was all that we had discussed and even left me with the impression that she had listened to the recording of our conversation and confirmed that I had said that I wanted the monthly plan. I went on to closing with the monthly plan as that was my best option. The day before closing I sent an email to the agent saying that I was okay with everything, but again expressed my belief that I had actually chosen the annual program. The answer I got from the agent was more gaslighting about me choosing the monthly program and another offer to switch to the annual program with an even higher interest rate plus the $6000 origination fee. Well, I had had enough of this. I contacted a supervisor and said that unless I could listen to the recording of my phone call I was canceling the loan. The supervisor listened to the call and told me that I was 100% correct in that I did request the annual rate program. I told the supervisor that I wanted a new loan with the annual program with the same interest rate that I would have got originally or else I was canceling the loan. Liberty wouldnt do it. I then said that I would go ahead and keep the loan if my sales agent emailed me and explained herself. I never heard from her, so I canceled. Im not going to do business with a company that wont fix their mistakes and has an agent that systematically lies to me.I ******** to this, while I was applying for my loan, my contact information was attached to another couples name and I was getting calls and sensitive mail from Liberty intended for them. Also the closing had to be rescheduled because of Libertys mistake. I was notified, but the notary person wasnt.

    Local BBB

    BBB of Northeast California

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