Partner Programs

Partner Programs

A Full Spectrum of Partner Solutions

There are several ways to partner with Liberty. Our programs are designed to meet your needs and provide you with the level of involvement in the loan process that you prefer. Liberty’s business partners range from high-volume producers to independent originators.

WHOLESALE

CORRESPONDENT


SNAPP PROCESSING
PROGRAM

PRINCIPAL
AGENT/HYBRID

SNAPP PROCESSING PROGRAM

With the SNAPP Processing Program, the Partner is responsible for prospecting, taking the loan application, obtaining the HUD Counseling Certificate and importing the loan into PORTAL. Liberty does the processing, customer follow up and underwriting. This program offers the highest earning potential for experienced partners who want to manage the entire origination process.

    Benefits of the SNAPP Processing Program
  • Liberty helps partner generate quotes and applications in Portal
  • Partner submits application and other required information
  • Liberty orders appraisal, title, other services
  • Liberty processes 100% of the loan through closing
  • Partner has to do nothing except sit back and wait for loan to close
    Participation Requirements
  • Properly state licensed as a mortgage broker
Become A Partner
Close

PRINCIPAL AGENT/HYBRID

Principal Agent /Hybrid program participants prospect, originate, close and fund their reverse mortgage loans. Liberty will then purchase the closed loan as a secondary transaction.

    Benefits of the Program
  • Very strong earnings
  • Increased volume opportunities
  • Full control of loan origination
    Participation Requirements
  • FHA approved Full Eagle in good standing
  • HECM DE unconditional approval or FHA lender DE unconditional approval
  • The ability to fund loans through a warehouse line of credit or other sources
  • Properly state licensed as a mortgage banker
  • MERS compliant
  • Minimum FHA net worth requirements
Become A Partner
Close

THIRD-PARTY
ORIGINATOR

CORRESPONDENT

THIRD-PARTY ORIGINATOR

The loan process is shared by the broker and Liberty in our Third-Party Originator (TPO) Program. The broker develops relationships with clients, guiding them through the application and counseling process. Liberty underwrites, draws documents, closes and funds the loan. Loans close in Liberty’s name.

    Benefits of Third-Party Originator Program
  • Strong earnings
  • Increased volume opportunities
  • Shared loan origination processing
    Participation Requirements
  • Properly state licensed as a mortgage broker

This program is versatile enough that it works for clients who are new to reverse mortgages, those who need processing support as they grow, and those that want to simply focus their resources on bringing in loans.

Become A Partner
Close

CORRESPONDENT

With the Full Correspondent Program (FCP), you originate, underwrite, process, close, and fund the loan. You then send us the complete funded loan. Liberty will then purchase the closed loan as a secondary transaction. Specialized training is provided by Liberty.

    Benefits of Full Correspondent Program
  • Maximum earning potential
  • Increased volume opportunities
  • Greater operating control
    Participation Requirements:
  • FHA approved Full Eagle in good standing
  • HECM direct endorsement unconditional approval
  • A DE underwriter on staff
  • The ability to fund loans through a warehouse line of credit or other sources
  • Properly state licensed as a mortgage banker
  • MERS compliant
  • Minimum FHA net worth requirements
  • Home Equity Reverse Mortgage Information Technology (HERMIT) ready
Become A Partner
Close

WHOLESALE


SNAPP PROCESSING
PROGRAM

SNAPP PROCESSING PROGRAM

With the SNAPP Processing Program, the Partner is responsible for prospecting, taking the loan application, obtaining the HUD Counseling Certificate and importing the loan into PORTAL. Liberty does the processing, customer follow up and underwriting. This program offers the highest earning potential for experienced partners who what want to manage the entire origination process.

    Benefits of the SNAPP Processing Program
  • Liberty helps partner generate quotes and applications in Portal
  • Partner submits application and other required information
  • Liberty orders appraisal, title, other services
  • Liberty processes 100% of the loan through closing
  • Partner has to do nothing except sit back and wait for loan to close
    Participation Requirements
  • Properly state licensed as a mortgage broker
Close

THIRD-PARTY
ORIGINATOR

THIRD-PARTY ORIGINATOR

The loan process is shared by the broker and Liberty in our Third-Party Originator (TPO) Program. The broker develops relationships with clients, guiding them through the application and counseling process. Liberty underwrites, draws documents, closes and funds the loan. Loans close in Liberty’s name.

    Benefits of Third-Party Originator Program
  • Strong earnings
  • Increased volume opportunities
  • Shared loan origination processing
    Participation Requirements
  • Properly state licensed as a mortgage broker

This program is versatile enough that it works for clients who are new to reverse mortgages, those who need processing support as they grow, and those that want to simply focus their resources on bringing in loans.

Close

CORRESPONDENT


PRINCIPAL
AGENT/HYBRID

PRINCIPAL AGENT/HYBRID

Principal Agent /Hybrid program participants prospect, originate, close and fund their reverse mortgage loans. Liberty will then purchase the closed loan as a secondary transaction.

    Benefits of Third Party Originator Program
  • Very Strong Earnings
  • Increased Volume Opportunities
  • Full control of loan origination
    Participation Requirements
  • FHA approved Full Eagle in good standing
  • HECM DE unconditional approval or FHA lender DE unconditional approval
  • The ability to fund loans through a warehouse line of credit or other sources
  • Properly state licensed as a mortgage banker
  • MERS compliant
  • Minimum FHA net worth requirements
Close

CORRESPONDENT

CORRESPONDENT

With the Full Correspondent Program (FCP), you originate, underwrite, process, close, and fund the loan. You then send us the complete funded loan. Liberty will then purchase the closed loan as a secondary transaction. Specialized training is provided by Liberty.

    Benefits of Full Correspondent Program
  • Maximum Earning Potential/li>
  • Increased Volume Opportunities
  • Greater Operating Control
    Participation Requirements:
  • FHA approved Full Eagle in good standing
  • HECM direct endorsement unconditional approval
  • A DE underwriter on staff
  • The ability to fund loans through a warehouse line of credit or other sources
  • Properly state licensed as a mortgage banker
  • MERS compliant
  • Minimum FHA net worth requirements
  • Home Equity Reverse Mortgage Information Technology (HERMIT) ready
Close

Fast-Track Approval Process

With Fast-Track Partner Approval, provides expedited review and approval of broker/correspondent approval package (to do business with Liberty). Upon package submission, instantly able to start training, access system (portal), generate quotes, applications and submit a loan to Liberty for processing.

Program Comparison

  SNAPP Processing Program Third-Party Originator (TPO) Principal Agent/Hybrid Full Correspondent
Why Choose the Program? Easy to launch with very limited involvement by loan officers in origination process Strong earnings potential with shared origination process by partner and Liberty Very strong earnings potential and increased control for experienced partners Highest earnings potential for experienced partners who want to manage the entire origination process
Take Application w/ HUD Certificate
Originate & Process Loan  
Underwrite Loan      
Close Loan    
Fund Loan    
Insure Loan      
SNAPP Processing Program
Easy to launch with very limited involvement by loan officers in origination process
  • Take Application w/ HUD Certificate
Third Party Originator (TPO)
Strong earnings potential with shared origination process by partner and Liberty
  • Take Application w/ HUD Certificate
  • Originate & Process Loan
Principal Agent/Hybrid
Very strong earnings potential and increased control for experienced partners
  • Take Application w/ HUD Certificate
  • Originate & Process Loan
  • Close Loan
  • Fund Loan
Full Correspondent
Highest earnings potential for experienced partners who want to manage the entire origination process
  • Take Application w/ HUD Certificate
  • Originate & Process Loan
  • Underwrite Loan
  • Close Loan
  • Fund Loan
  • Insure Loan

Getting Started is Easy

Our partner programs are designed to meet your needs and provide you with the level of involvement that you prefer.

Become A Partner

Get Started Quickly with the SNAPP Processing Program

Easy to launch with very limited involvement by loan officers in the loan origination process.

Learn More