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Academy Mortgage

Acquired by Guild Mortgage

Is this your company?

Sickening Amount of Dishonest and Shady Corporate Politics Poorly Disguised as 'Culture'. - Anonymous employee Academy Mortgage Employee Review

1.0
Jan 24, 2019
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

*There are some great people that work here. *There is some potential to develop and learn.

Cons

Annual layoffs a few weeks prior to Christmas, every year... Hundreds of employees.... Zero transparency or loyalty to their loyal employees. Whoever is in charge of staffing, terminating, and managing the management and executive level team over the last several months needs some serious oversight or to be replaced. As another reviewer mentioned, the 'good ole boys club' is alive and well within this dynamic. These long time employees (even those not in management positions) are making hiring and termination decisions, including but not limited to their friends being hired from outside despite not being qualified for the respective position. They always get their 'guy' hired. This is especially evident in the HR, IT, and Executive level teams, but is apparent all the way to the branches. The frequency of leadership changes and layoffs equate to an environment of chaos with employees never feeling safe in their jobs and receiving little to no clear communication from the top down. Employees not in sales positions are no longer eligible for bonuses of any kind, this is coupled with below market salaries and a mediocre benefits package. Standing desks, 'free' soda, and ping pong do not pay your employees bills.

Explore other reviews about Academy Mortgage

5.0
Mar 23, 2024
Recommend
CEO approval
Business Outlook

Pros

I loved the culture at Academy. The people were great,

Cons

There were no cons to working there

4.0
Feb 1, 2024
Recommend
CEO approval
Business Outlook

Pros

It's a good company overall, Great support systems for LO's like IT/Business support. CRM, Mobile app, Lead system. Very well organized and executed on the Corporate level. Good product offerings for in house and loans, lot of Jumbo loan correspondent options, and decent broker channels for non QM. Very solid in house support on processing, underwriting pricing flexibility. I think for more seasoned established LO's this can be a very great option of a company to work for. You can have all the freedom and autonomy in your day to day here you want. On the flipside you're never going to get any help sourcing/brining in business. So if you are a very capable self gen LO it can be great. If you're not, and just getting started in the business may be a slow go for you.

Cons

Your experience will vary by branch on culture fit, training and support. Starting as a new LO I do not feel I got the best training and guidance on how to properly establish and run your LO business. From others I have spoken to that have started out elsewhere they had much more training, development and support in the beginning. I think this does vary widely by branch, but from a corporate level I do not feel you get the same training other companies can offer. I think the corporate structure/ management levels are too overlayered. This does take effect on your pricing, and although decent, your never gonna be not worried when someone is shopping you.

4
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