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Academy Mortgage

Acquired by Guild Mortgage

Is this your company?

As corporate as it gets - Marketing Academy Mortgage Employee Review

1.0
Feb 15, 2024
Recommend
CEO approval
Business Outlook

Pros

All the pros were years ago. It was great then: happy people and it appeared there was transparency. Times were good.

Cons

Waited too long to write my review. Since Academy was recently sold to Guild, I wanted to get my warning out to any potential support staff employees. If Guild retained ANY of the Academy leadership team, know that support staff are the bottom rung of the ladder, no matter how much you directly or indirectly contribute to the bottom line or how much you help the producers. Producers are coddled to the point they will bring down the reputation and brand of the company. Current events confirmed all of my thoughts since being laid off less than 10 days after being told I "was safe". Academy leadership completed trashed it's people-first mentality. They straight up lied to senior managers about the future of the company. No warning provided to people before they were laid off, even after years and years of dedication to the company. Even when they endured the last couple of years with decreasing benefits and salary and bonus freezes. I should have seen the writing on the wall, but I was assured by management that we were going to get through it. We had a plan. I understand that the entire mortgage industry took a huge hit, but the way Academy leadership handled it was abysmal. When your laid off employees are getting re-hired by other mortgage companies, you should really look at how you are running your company. I have no input on how Guild runs their company, but if they retained any of the executive leadership team, I would stay away at all costs.

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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