First Horizon Home Loans Acquires Real Estate Financial Services.Business Editors IRVING, Texas--(BUSINESS WIRE)--June 4, 2002 First Horizon Home Loans today announced its purchase of the operations of Real Estate Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. (REFS), a mortgage lending company based in Alpharetta, Ga., and licensed in Georgia, Florida and the Carolinas. The transaction will provide new and existing home loan customers in these markets with additional products and services, such as equity-based financing, installment loans, credit cards, personal banking services, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and other First Horizon consumer products. "The expertise, customer focus and leadership skills of the REFS team will be a tremendous asset in the Southeastern market," said Jerry Baker, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of First Horizon Home Loans. "They share First Horizon's commitment to building valuable and lasting relationships with their customers." Founded in 1995 by Greg Janicki and Debbie Janicki, REFS has grown from four associates to more than 100 today. The company currently serves approximately 3,000 customers each year from offices in Alpharetta, Ga., Dunwoody, Ga., Spartanburg, S.C., Hilton Head, S.C., and Cornelius (Lake Norman Lake Norman, created between 1959 and 1964 [1] as part of the construction of the Cowans Ford Dam by Duke Power, is the largest manmade body of fresh water in North Carolina. It is fed by the Catawba River. It was named after former Duke Power president Norman Cocke. ), N.C. "Being part of the First Horizon family enables us to offer much more to our home loan customers," said Greg Janicki, president of Real Estate Financial Services. "Now that our financial product inventory has grown, we can build stronger relationships with customers by providing a wider range of financial products and services, which will help simplify our customers' daily and long-term budgeting tasks." The Janickis will continue to provide senior management leadership to the Southern Atlantic region as regional president and senior vice president. About First Horizon Home Loan Corporation Headquartered in Irving, Tex., First Horizon Home Loans has established itself as a national leader in the mortgage banking industry. The company ranks among the nation's largest full-service mortgage banking companies in both retail origination and mortgage servicing Mortgage servicing The collection of monthly payments and penalties, record keeping, payment of insurance and taxes, and possible settlement of default , involved with a mortgage loan. . With its commitment to superior customer service and competitive products, the company is ranked 17th in servicing, with more than $47 billion in its portfolio. Based on total loans originated in 2001, the company ranked 18th in the nation with $24.35 billion.(a) The First Horizon family of lending companies includes First Horizon Home Loans, First Horizon Wholesale, First Tennessee Home Loans, First Horizon Equity Lending and First Horizon Money Center. First Horizon Home Loans' parent company is First Tennessee National Corp. (NYSE NYSE See: New York Stock Exchange : FTN FTN Face the Nation (CBS News) FTN Family Television Network FTN Fido Technology Networks FTN FeedThe.Net (website) FTN Franja Transversal del Norte (Guatemala region) ), a nationwide, diversified financial services institution. With headquarters in Memphis, Tenn., First Tennessee National Corp. is one of the 50 largest bank holding companies in the United States in market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. and asset size. (a)Rankings source: Inside Mortgage Finance |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion