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Academy Mortgage Corporation
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.
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
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especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.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)
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| Financial Notes: | |
| * | Academy Mortgage Corporation fiscal year end: 12/31 |
Charts, Financials, and Statistics (Graphs)
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Academy Mortgage Corporation Loan Origination Volume ($ MM): |
Academy Mortgage Corporation Total Employees: |
Detailed Business Description: Academy Mortgage Corporation
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 →
Supplemental Resources
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