Suvarna Garge (Editor)

Foundation Financial Group

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Industry
  
Financial Services

Website
  
http://www.ffg.com

Number of employees
  
500 (2013)

Key people
  
Mark Boyer (CEO)

Founded
  
2004

Type of business
  
Private

Foundation Financial Group httpsmediaglassdoorcomsqll313885foundation

Services
  
Mortgage Loans, Retirement Services, Insurance Services

Foundation financial group named growth company of the month


Foundation Financial Group was a financial services company with regional operations centers in Atlanta, Fort Worth, Jacksonville, Raleigh, N.C., Rochester, New York and Savannah, Ga. as well as branch offices in Wichita, KS, St. Paul, MN, Indianapolis, IN, Greenwood, IN, Kansas City, MO, and Dayton, OH that holds mortgage lending licenses in 39+ states. In addition, Foundation Financial Group was a major employer in Atlanta and Jacksonville, Florida. Foundation Financial Group has received several awards for its employment practices, community involvement, and has demonstrated growth since its original inception in 2004.

Contents

Foundation financial group opens rochester ny center


Services

Foundation Financial Group offers residential mortgage lending and refinancing, property and casualty insurance for home or auto, as well as life insurance, and retirement services in the United States.

Company history

Foundation Financial Group began with the corporate inception of a regional center in Atlanta, Georgia in 2004. Later that year, it opened a second regional center in Jacksonville, Florida. In the following years, from 2005 to 2011, Foundation Financial Group expanded to obtain licensing in 39+ states, and retail branch locations.

Foundation Financial Group funds more than $4 billion in loans. A mortgage industry-tracking source, www.mortgageStats.com states that Foundation Financial Group grew by 14 percent in 2011, in contrast to the downward trend of other lenders in the same period. Additionally,the mortgage industry-tracking source, mortgagestats.com reports that the top 10 U.S. mortgage lender originations are down almost 21 percent for the same period, while Foundation Financial Group revenue has increased 34.55% since 2009.

In 2012, Foundation Financial Group entered a partnership with the Susan G. Komen for the Cure, a national nonprofit that funds breast cancer research. For each 2011 tax return Foundation Financial Group prepared, the company made a donation to Komen for the Cure.

However, the company culture was considered hostile and unprofessional by many of the past employees. The implementation and use of scare tactics on both employees and customers alike created a sense of unethical business practices within the company. It is believed the company has gone under due to the work environment and upper management. The company closed its doors for good in 2014. They did not have a competitive product to offer its customers and the management style ran it's employees into the ground.

Awards/Recognition

  • Foundation Financial Group was named as one of the 2012 EcoLeadership Award winners by the Alliance for Workplace Excellence in May 2012.
  • The American Association of Business Awards named Foundation Financial Group as one of its Bronze Stevies Awards winners on June 18, 2012.
  • The Jacksonville Business Journal named Foundation Financial Group one of the Top 10 mortgage lenders in Northeast Florida.
  • National Mortgage Professional Magazine named Foundation Financial Group's CEO Mark Boyer as one of the "40 Most Influential Mortgage Professionals Under 40" in its December 2011 issue.
  • The Charlotte Business Journal selected Foundation Financial Group as a finalist in Charlotte's Best Places to work in 2011.
  • In August, 2011, Florida Trend magazine named Foundation Financial Group one of the “Best Companies to Work For” in 2011
  • In April, 2011, the Atlanta Business Chronicle honored Foundation Financial Group as the 15th fastest-growing company in its annual Pacesetter Awards.
  • In January 2011, Jacksonville Magazine named Foundation Financial Group one of Northeast Florida’s “Companies That Care” honoring the philanthropic work it does in each of its cities.
  • In fall 2010, the Jacksonville Business Journal named Foundation Financial Group’s Chief Human Resources Officer, James S. Brodsky, one of Northeast Florida’s “Ultimate HR Executives.
  • In September, 2011, The Jacksonville Business Journal named Foundation Financial Group Chief Financial Officer Tanya L. Mauro as one of Northeast Florida’s “Ultimate CFOs.”
  • The Better Business Bureau issued Foundation Financial Group an A+ rating for providing customers with excellent service, speed and convenience.
  • The Better Business Bureau (BBB) also named Foundation Financial Group a Runner-Up in its 2011 Torch Awards Marketplace Ethics competition. Earlier in 2010, the BBB recognized Foundation Financial Group as an industry leader, a major philanthropic organization, and a provider of many jobs to the economy.
  • "Foundation Financial Group" was named in the 2011 Inc. 500|5000, Inc.annual ranking of the fastest-growing private companies in America
  • "Foundation Financial Group" was named in the 2012 Inc. 500|5000, Inc.annual ranking of the fastest-growing private companies in America
  • "Foundation Financial Group" was named in the 2013 Inc. 500|5000, Inc.annual ranking of the fastest-growing private companies in America

    • Philanthropy

    Foundation Financial Group maintains a Philanthropic Services Department and contributes to various community organizations in the areas it serves. Foundation Financial Group focuses on five key areas: education, workforce development, environment sustainability, health, and wellness. These values are of core importance to its mission, and the company has made donations to many local and national organizations.

    References

    Foundation Financial Group Wikipedia
    (Text) CC BY-SA