Foundation Financial Group on Track for Record Year in Mortgage Originations

Financial services company is outpacing 2010's record numbers by 11 percent

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Mar 23, 2011, 07:50 ET

JACKSONVILLE, Fla., March 23, 2011 /PRNewswire/ -- One of the nation's fastest-growing financial services companies is off to a record start for 2011.

Amid rising interest rates, Foundation Financial Group reports its February 2011 mortgage originations are up 14.5 percent above those of January 2011. February 2011's numbers are 11 percent higher than same period a year ago.

"The fantastic part of this growth is not the growth itself but the fact that we accomplished this while unveiling additional financial services products," said CEO Mark W. Boyer. "Simultaneously, we've expanded to hire new employees at all of our centers. We are doing our part to spark an economic recovery right here."

Having built a strong reputation for providing excellent and efficient customer service, Foundation Financial Group closes loans in an average of 16.72 days, compared to 45 days for its competitors, a trait that separates Foundation Financial Group from the competition.

Along with its increase in mortgage originations, one of Foundation Financial Group's newest lines of business is also off to an exciting 2011. Foundation Financial Group launched its insurance services in January. After two months of operation, Foundation Financial Group saw a tenfold increase in month-over-month sales of property, casualty and life insurance sold from January to February.

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, retirement planning, personal taxes 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 1998 in Atlanta, 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.ffg.com.