MORTGAGE NON-IMPLODE QUESTIONNAIRE
Name of Lender: Foundation Financial
Web Site Address Link: http://www.onlineffg.com/
City and State: Corporate Office in
Contact Name: Michelle Boyer
Contact Phone Number: 866-FFG-1001 ext. 4493 or call directly to 770-615-4493
Contact Email Address: ffghr@onlineffg.com
Mortgage Implodes Independent Grades:
Disclaimer: This listing does not constitute an endorsement of this lender, rather, it is an opinion that WE would do business with them based on what we know. All information gathered is through an interview process; more extensive due-diligence is not possible due to resource limitations. Thus, borrowers and other potential business counterparties of this company should not base financial decisions on this listing, but are encouraged to use it as a starting point for follow up and talk to the lender themselves.
Overall Grade: A+
Management: A
Technology: A
Product Information: A
Credit Risk: A
Geography: A
Innovation: A
Services:
Foundation Financial Group is a growing and innovative residential mortgage lender securely embedded in the center of the mortgage industry. They have built and maintained strong correspondent relationships with the industry's largest and most secure banks and lending institutions. Foundation Financial Group specializes in FHA and government sponsored programs. The support network was fully developed with the customer at the core and is comprised of the best professionals in the industry. Foundation Financial Group is dedicated to maintaining unparalleled turn-around time while providing the highest possible level of customer service. Foundation Financial Group is focused on both speed and quality, which in turn provides borrowers with the best experience completing their loan transaction in less time and with less hassle. Their mission is to serve customers with honesty, integrity and competence unmatched in this industry.
Foundation Financial Group has three founding partners that have successfully owned and operated this company for the past four years (some without question the most challenging in this industry in the last half century.) The managing partners have a combined 30 years of experience in the mortgage lending business. All levels of FFG management, including the managing partners, are highly involved in daily operations to further support the mortgage professionals success and ensure that no opportunity to provide a borrower with a qualified loan product is overlooked. FFG Sales was built with three distinct layers of management that range from Regional Sales Managers to District Sales Managers to the Sales Team Leader position to support the individual and personal growth and success of each mortgage professional, as well as to provide a greater opportunity for top level sales professionals to advance to various management positions within the company. We believe strongly that FFG Sales is backed by the best Operations support team in the industry, bar none.
Foundation Financial Group (FFG) has taken an aggressive approach to expanding and improving technology while most of the industry has been forced to cut corners. We understand that time and financial resources dedicated to building our technological infrastructure will continue to pay huge dividends as we continually expand our operations. This is and will continue to be a key contributing factor in the continued growth and success of Foundation Financial Group. With our innovative technology comes the ability to generate, close and fund more units at a more rapid pace with the smallest margin of error. Our goal is to provide a process that is a perfect combination of 100% compliant efficiency. For instance, the FFG Information Technology department has created a proprietary pricing/underwriting engine that is utilized by both sales and operations to guarantee a simple stream-lined loan origination process. This state of the art, yet user-friendly proprietary engine is capable of providing state-specific loan programs, pricing, key underwriting guidelines, alternative program recommendations, and employee compensation calculations. It also takes into account all specific investor niches, additional investor requirements, and all state high cost restrictions. All documents required in connection with the specific loan scenario that is run are linked directly to the engines findings. This engine is updated in a near real time manner to keep pace with all real-time changes in the market place, so that our sales people can focus on generating sales. Our dedicated in-house I.T. department also provides 24 hour tech-support to ensure that the company is always moving forward with speed and precision. FFG also provides real-time tracking/reporting for sales and operations to include all key areas of daily and monthly productivity. This acts as an invaluable tool for the continued training and development of our employees pinpointing areas of success and opportunities for improvement. We also incorporate Calyx Point as our primary Sales origination application, and utilized services such as Doc Magic and SureDocs for generating loan document packages in our Operations group. All customer files are stored electronically to ensure that the records are kept with minimal cost, security, and complete accuracy.
Product Information:
% of conforming loans: 30
% of government loans: 70
% of FHA loans: 80
% of alt a loans: 5
% of sub-prime loans: 0
% of jumbo loans: 5
% of stated loans: 0
Investors:
Foundation Financial Group consistently provides our investors with the cleanest and most compliant closed loan packages in the industry. Some of the largest and most stable banks and investors in the business compete for our loans. Citibank, Countrywide, and Flagstar Bank purchase the majority our funded loan product. Our focus on doing quality loans that make sense to both the customer and the investor is uncompromised. We have funded in excess of a billion dollars in loan volume, all of which was purchased and serviced by an outside investor. FFG was founded based on the highest level of quality standards, and we have maintained that standard through the most trying of times in this industry. Rather than being stuck with costly buy-backs that have forced most companies out of business, we have earned top awards with Citibank and Countrywide as well as elite correspondent status with our investors. We believe in quality and it shows in our results.
Geography.
FFG has Centers in
FFG is licensed to lend in:
Conneticuit
Virgina
Innovation.
Foundation Financial Group is a trend setter. We employ some of the absolute best people in the business in all key positions from Sales management to Operations support. We have worked diligently throughout the years to stay several steps in front of the curve; a curve that has come hard and fast. In every instance where an obstacle has been placed in our path that could reduce volume or cripple turn times, we have acted with the greatest of urgency to create and implement a better process so that the transition is seamless and transparent to our sales force. By placing the burden of change under the FFG umbrella, and keeping the majority of added responsibility in the hands of the most skilled and dedicated employees in the business, we have succeeded where others could not. Our company motto is simple, Start Living. We believe that this pertains not only to the customers who's lives we change by getting them into a loan program that others promised and did not deliver, but also to our employees that are provided the opportunity to succeed and earn a tremendous living by working hard and helping others.