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Academy Mortgage Corporation

Private Company Ticker Symbol™: (ACADMOP)

Business Summary

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.

Jump to Academy Mortgage Corporation: Detailed Business Description for more details on Academy Mortgage Corporation products and services, financial structure, Academy Mortgage Corporation major business events, and more.

Overview & Corporate Organization

Basic Information

Fiscal Year End:12/31
City:Sandy
State/Province:Utah
Country:United States
Phone:View
Fax:View
Website:www.academymortgage.com

Corporate Organization

Founders:
Duane Shaw

Industry Information

Industry Codes

PICS™:600603
NAICS:View
SIC:View

PrivCo Industries (Sector > Industry > Sub-Industry)

Financial > Lending > Mortgage Banking

The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.

Charts, Financials, and Statistics (Table Format)

Below are Academy Mortgage Corporation financials and other business metrics displayed in table format.
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Income Statement20112010200920082007
Systemwide SalesView    
Loan Origination VolumeView  View 
Employee Figures20112010200920082007
Total EmployeesView   View
Notes
Financial Notes:
*Academy Mortgage Corporation fiscal year end: 12/31
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Charts, Financials, and Statistics (Graphs)

Below are Academy Mortgage Corporation financials and other business metrics displayed in table format.
(Copy and paste into spreadsheet or export all Academy Mortgage Corporation financials to Excel and create your own graphs.)
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Academy Mortgage Corporation Loan Origination Volume ($ MM):
(Displayed as graph)

Sample Graph
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Academy Mortgage Corporation Total Employees:
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Sample Graph
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Detailed Business Description: Academy Mortgage Corporation

PrivCo's Detailed Business Description explains the business operations, products and services, financial structure, and major business milestones of Academy Mortgage Corporation. The first portion of PrivCo's Detailed Business Description is displayed below, free to view to non-subscribers.
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Business Overview

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.


History

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 →










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Supplemental Resources

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