Academy Mortgage Corporation is a privately-held retail mortgage bank that offers independent direct lending services. The company was founded in 1988 by Duane Shaw. Academy Mortgage Corporation's headquarters are located in Salt Lake City, UT.
Overview & Corporate Organization
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Charts, Financials, and Statistics (Table Format)
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|*||Academy Mortgage Corporation fiscal year end: 12/31|
Charts, Financials, and Statistics (Graphs)
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Detailed Business Description: Academy Mortgage Corporation
Academy Mortgage Corporation is a privately-held retail mortgage bank whose headquarters are located in Salt Lake City, UT. Since 1988, Academy Mortgage Corporation has offered its services as an independent direct lender; all loan processing, underwriting, closings, and fundings are handled locally.
The type of loans Academy Mortgage Corporation handles are typical of most retail mortgage lenders: purchase, FHA, resale, and builder loans.
Because of its more stringent lending requirements as an independent lender, Academy Mortgage Corporation loan officers reported that the company was less affected in 2010 by the loan repurchase requests that negatively affected mortgage earnings for other mega-lenders such as Bank of America Corp., and Wells Fargo.
In 1988, Duane Shaw founded Academy Mortgage Corporation and expanded the company's operation to extend to 19 branch offices across the county and licensed to process loans in 4 states by 2000.
In 2008, when other… Continue Reading →