| Home Page : Archive News : January 2011 News : Foundation Financial Group grows originations by 14 percent in 2010 | |
Foundation Financial Group grows originations by 14 percent in 2010 | |
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January 25, 2011 Foundation Financial Group saw a 14-percent increase in loan originations in 2010, up from its 2009 numbers. The company realized the increase in mortgage closings in the midst of the continuing shaky economy. The 2010 numbers are in for one of the nation's fastest-growing financial services companies. Foundation Financial Group increased its 2010 mortgage originations by 14 percent year-over-year from the company's previous record-setting numbers in 2009. Meanwhile, the mortgage industry-tracking source, mortgagestats.com, reports that the top 10 U.S. mortgage lenders' originations are down almost 21 percent in 2010. "All of the credit for our record-breaking year goes to the outstanding team at Foundation Financial Group," CEO Mark Boyer said. "Our human resources staff continues to recruit and train excellent employees who are dedicated to making Foundation Financial Group the best financial services company in the U.S. Our managers work toward this goal daily." Boyer expects growth to continue into 2011 at Foundation Financial Group, which will open its sixth sales center on Jan. 31 in Rochester, N.Y. The center is currently looking to hire an initial Rochester team of 50 employees and will grow within a year to employ 100 workers. "It's going to be an exciting year for Foundation Financial Group," Boyer said. "We've already launched new services and plan to expand into Illinois during the second quarter as well." On Jan. 3, Foundation Financial Group began offering additional financial services, including insurance, wealth management and tax services, through affiliate companies under the Foundation Financial Group umbrella. The move will result in additional job creation. About Foundation Financial Group Foundation Financial Group, one of the nation's fastest-growing financial services companies, specializes in mortgage lending, property and casualty insurance, life insurance, wealth management and retirement planning, and personal and corporate tax services. Expanding in 2011, Foundation Financial Group operates six regional centers in Atlanta, Charlotte, N.C., Jacksonville, Fla., Raleigh, N.C., Rochester, N.Y., and Savannah, Ga. Foundation Financial Group maintains mortgage operations headquarters in Atlanta and executive headquarters in Jacksonville. Founded in Atlanta in 1998, Foundation Financial Group offers mortgage refinancing and first-time buyer lending through traditional financing, as well as Federal Housing Administration and other government-backed home loan programs. Foundation Financial Group enjoys an industry-leading Federal Housing Administration compare ratio and an A+ rating from the Better Business Bureau, the highest accreditation the BBB gives. For more information, call 866-334-1001 or go to http://www.onlineffg.com. Source: http://www.1888pressrelease.com/foundation-financial-group-grows-originations-by-14-percent-pr-272558.html |
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