First Horizon Home Loan Corp. Offers Lenders Property Plus and MLR Via SharperLending Platform; SharperLending Bundles Home Equity Services for First Horizon

Business Wire, Oct 24, 2005

ORLANDO, Fla. -- SharperLending, LLC, provider of a secure Web-based platform that enables lenders to order, store and manage products and services from multiple vendors at a single point of entry, announced at the Mortgage Bankers Association 92nd Annual Convention and Expo its expanded relationship with First Horizon Home Loan Corporation (First Horizon), one of the nation's top mortgage lenders. SharperLending now provides the Mortgage Loan Report (MLR) and Property Plus Report for First Horizon's home equity lending program.

"The additional products we added enable us to expand our offerings to our branches and wholesale channels, allowing us to continue expanding our home equity business," said Marion McDougall, senior executive vice president of First Horizon Home Loan Corporation. "SharperLending's services and technology give our branches an important tool in a very competitive marketplace."

First Horizon provides SharperLending's MLR and Property Plus Report to its retail and wholesale channels, expanding on a partnership that began in Spring 2003. The MLR is a credit-based report that gives the lender a view of the borrower's mortgage secured liens, reported judgments and public record information. It typically returns information within 30 seconds. The Property Plus Report provides the traditional Errors & Omissions report that includes: the current owner of the property, how property was conveyed to the current owner, open mortgages, liens and judgments, tax information and a complete legal description.

Using the platform, First Horizon can order alternative products, enabling expansion into a broader loan market. With assistance from SharperLending, First Horizon has identified several service providers that will be added to the platform to support other lending programs in the future.

"Industry leaders understand that innovative technology and products enable them to achieve productivity gains," said Dave Black, president of SharperLending. "First Horizon is on the forefront of these initiatives with the implementation of alternative products and a bundled services platform to broaden its customer base and increase bottom line productivity."

The SharperLending platform allows users to order all the reports and documents needed to process and close a loan from a secure, single point of input. It offers a flexible solution for managing multiple mortgage products from a variety of service providers. The recent addition of point-of-sale capabilities enables users to not only order vendor services on the platform, but also originate a loan within the same system.

About First Horizon Home Loan Corp.

First Horizon Home Loan Corp. is part of First Horizon National Corp. (NYSE: FHN). The 13,000 employees of First Horizon National Corp. (NYSE:FHN) provide financial services to individuals and business customers through hundreds of offices located in more than 40 states. The corporation's three major brands -- FTN Financial, First Horizon and First Tennessee - provide customers with a broad range of products and services including:

--Capital markets, with one of the nation's top underwriters of U.S. government agency securities

--Mortgage banking, with one of the nation's top 20 mortgage originators and top 15 servicers, which earned a top-10 ranking in customer satisfaction from J.D. Power and Associates

--Retail/commercial banking, with the largest market share in Tennessee and one of the highest customer retention rates of any bank in the country

FHN companies have been recognized as some of the nation's best employers by AARP, Working Mother and Fortune magazines. FHN also was named one of the nation's 100 best corporate citizens by Business Ethics magazine. More information can be found at www.FirstHorizon.com.

About SharperLending, LLC

Headquartered in Spokane, Wash., SharperLending, LLC, was founded in 1989 and is the first to offer a complete browser-based mortgage credit reporting system on the Internet. The company's proven technology has processed more than 40 million secure credit-related mortgage transactions with more than 800 million trade lines. SharperLending, LLC, has three divisions under its corporate umbrella: SharperLending Bundled Services Division, the bundled services platform; SharperLending Affiliated Credit Division, technology for the credit reporting industry; and EPN Solutions, the loan origination product packaging division. For more information, visit www.sharperlending.com.