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Academy Mortgage

Acquired by Guild Mortgage

Is this your company?

Fast Growth - Good Values - Poor People Skills - Director of Information Security Academy Mortgage Employee Review

3.0
Jun 25, 2015
Recommend
CEO approval
Business Outlook

Pros

Academy Mortgage is a family-owned, privately-held business which prides itself on putting customers first. They are willing to innovate and are hyper-focused on growth through the acquisition of branch offices throughout the US. It is a values-based company which truly wants to do the right thing for the communities they serve. They try to maintain a small town, "mom and pop" culture, while giving employees an enterprise-level experience. They are well-intentioned, and mindful. Academy Mortgage does a great job at attracting the best mortgage experts in the industry with strong comp plans and a bottom-up support structure. Management styles vary widely across branch offices, and while the corporate office is under the constant watch of executive leadership, each department's feel is totally different from the next, due to interdepartmental rivalries, heavy expectations, and poor priority management.

Cons

While Academy Mortgage means well, because of the speed of their "grow the business" initiative, the pressing regulatory requirements, and poor decision-making dissemination from the Cheif Executive down, the overriding culture is more like, "Get in; sit down; shut up, and hold on". Being a family-owned business, and the chief executive the son-in-law of its original founder, Adam Kessler, the CEO, was given too much authority too quickly; and with little experience and a white-knuckle grip on authority over prioritization and decision-making, he has struggled to confidently give authority to his executive team. He is not a bad person, or even a bad leader, but he simply does not trust his hires, and that lack of trust causes a severe lack syndrome across all the levels below him. He prioritizes without appropriate data; commands without measuring the possible ripple effect; and plays favorites which lends itself to constant jostling for face time and attention from the leadership teams. What should be a "I want to do what's best for the company" mentality, quickly turns into a "I want to do what's most obvious to Adam" mentality, and as a result everyone feels the strain of a middle-child's plight for attention. It causes bitter resource struggles; over-taxation on worker bees; and a total exacerbation of middle management who can't win with either their employees or their sponsoring C-level. The company has done well, because Adam is a good man who, I believe, does the best he can for all. But my experience with him tells me that he has not yet grown comfortable in the shoes he's been given, and wrestles to release power when appropriate. Academy is a good company. Just be prepared for conflicting priorities, poorly executed vision, and plenly of intra and interdepartmental tension. Oh, and change - more change than a typical "clock-in, clock-out" employee can handle.

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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