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Academy Mortgage

Acquired by Guild Mortgage

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False Sense of Security - Anonymous employee Academy Mortgage Employee Review

3.0
Aug 15, 2023
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

There are amazing, great, wonderful people that work at Academy. Volunteer time off and ample service opportunities are a plus. Food trucks twice a week, and unlimited soda at the home office.

Cons

Layoffs - they will continue to tell you that they are okay and that you are safe, up until you are not. I trusted management to let me know when to brush up my resume. They did not. Lack of Management support - Don't expect to be visited by any C or V level execs, especially if you are in the home office. In my few years at the home office, not once did any of them stop to even as much say hi to our team. Deteriorating benefits in times of famine - They will redact their match to your 401k and HSA accounts. At the end of adventure with Academy, it was very apparent that if you are not a producing loan officer, you are replaceable. Your tenure, skills, and position are just medals you pin on your chest. Academy loves to dangle the carrot on the stick. The promotions, advancements, changes - all of it - never seemed to come, and if they did, they were retracted shortly after.

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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