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Best Mortgage Employers for Seniors

AARP ranks First Horizon in top 10

September 12, 2005


The organization that represents America's seniors has ranked the best employers for its members, and there were a few mortgage related entities on the list.

First Horizon National Corp. was one of the top 10 companies on the latest AARP Best Employers for Workers Over 50 ranking.

The Memphis, Tenn.-based lender placed seventh, making it the top mortgage-related entity on the 2005 list. First Horizon said its managers and employees work together to find solutions that meet both business and personal needs. The company offers transfer opportunities to its offices in 48 states and a personnel representative for retirees and employees nearing retirement.

AARP recognized 50 companies with the best practices and policies for valuing the mature worker. The entities were evaluated on their innovative practices toward workers age 50 and up, including recruitment practices, continuing opportunities for advancement, flexible work schedules, and benefits for current and retired employees.

"These distinguished employers have exemplary practices at a time when the value of older employees is beginning to be broadly recognized as a key resource for corporations," said AARP CEO Bill Novelli in an announcement. "Many ... recognize that it is in their self-interest, as well as enlightened policy, to emphasize retention and recruitment of the 50 plus worker."

Financial services companies came in second, after health care companies, as the most dominating winners.

In addition to making its third-consecutive appearance on the ranking, First Horizon announced that it received one of its first Bernard E. Nash Awards for Innovation for flexible work options. Four options available allow employees to work as few as 20 hours without losing full-time benefits, to permanently change to a different shift, to be absent during normal work hours and make up the time within the same pay period, and to work from a location other than the office, such as at home.

First Horizon was also ranked among the 100 Best Companies to Work For by Fortune magazine in January.

At No. 12 was Principal Financial Group, which reportedly provides home equity loans through Principal Bank.

Filling spot No. 32 was Securian Financial Group Inc., a Minnesota-headquartered company that says it gave access to about half of the new mortgage loans in 2003 through its relationships with 25 of the nation's top bankers and mortgage companies.

The list also included mortgage-lending solutions provider Zurich North America at No. 42.

Coco Salazar is an assistant editor and staff writer for MortgageDaily.com.

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