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Academy Mortgage

Acquired by Guild Mortgage

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Sinking Ship - Loan Processor Academy Mortgage Employee Review

2.0
Apr 25, 2019
Recommend
CEO approval
Business Outlook

Pros

This company offers autonomy and does not micromanage - pays fairly well to start - has a nice corporate office that includes a gym. They have food trucks and on site services BUT

Cons

This company cares more about its image than it does about its actual employees. They offer volunteer opportunities, but they use all of them as marketing to show everyone what a "good" company they are. They also are more interested in paying upper/middle management the big bucks than they are about keeping the people who actually make them money. During times of crisis, their solution isn't to reduce pay of upper management who do nothing - they lay dozens of ops people off, who have been loyal to the company. The company spent thousands on a leadership conference, where branch managers and loan officers were flown in from all over the country to wine and dine them, all while laying off tons of hard working employees.

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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