Liberty Reverse Ouder Onity praises Q1 profit performance
As with earlier profit calls that praised the reverse mortgage performance of the company, Chief Financial Officer Sean O
“Reverse maintenance had risen from the previous quarter but lower versus last year,” said O’Neil. “The change on an annual basis was mainly due to strong assets wins in the first quarter of 2024, as well as valuation adjustments on buy-out loans in the first quarter of 2025. In general, our reverse assets, our recovery options and our derivatives provided an effective cover to the attacker [mortgage servicing rights (MSR)] In the first quarter. “
Leaders also praised the rollout of Equityiq, a revised version of Liberty’s own reverse mortgage product that was initially plagued during an investor presentation in March and was officially launched last week.
EquityiQ is a “higher margin, wider market opportunities”, the company explained and is available in wholesalers and consumer director. The company will roll it out to the correspondent channel at a later date.
The overall performance of the reverse division is proportional to the performance of an onity in its consumer-direct and business-to-business channels, according to an outbreak of the performance of the original.
While the reversal margin for Reverse rose from 339 to 392 basic points, the financed volume fell from $ 214 million to $ 176 million on a quarterly basis.
The company noted that the wide reverse mortgage volume fell by 22% from Q4 2024 to Q1 2025. The company also praised its position as an end-to-end reverse mortgage provider, and noted that it serves as an “integrated reverse originator, serviceer and sub-service platform.”
This has a potential attraction for ‘Correspondent customers who want a one-stop solution for all production’, because ‘few forward and reverse possibilities have combined’, the company said.
Equityiq is seen by unity as one of several products with a high margin that will be the key to the overall profitability of the company. O
Equityiq is not the first time that the company has introduced its own reverse mortgage space. In 2007, the company introduced its first own product, Liberty Preferred, before it eventually left the market. And the company launched the original version of Equityiq in the summer of 2019.
It was briefly suspended in March 2020 because of COVID-19 Marktvolatility, but was reduced a few months later. In 2022, the company suspended the availability of the product due to the volatility in the bond markets and was then removed from its offer.
It returns in a more printing field of own products from top providers such as Financing of America” Longbridge Financial” Smartfi Home Loans” Rural shares And University bank. Most recently, Mutual or Omaha Mortgage Also went into the patented space.
