Draper-based Academy Mortgage Corp. has been acquired by Guild Mortgage, a nationwide residential mortgage lender based in San Diego. Academy’s 200 branch locations with their more than 1,000 employees, including 600 licensed mortgage originators, will operate as a division within Guild and transition to the Guild brand.
Founded in 1960, Guild has more than 4,000 employees in over 300 retail branches. Guild has relationships with credit unions, community banks and other financial institutions and services loans in 49 states and the District of Columbia.
The addition of Academy Mortgage will extend Guild’s market share across its national footprint. Academy’s loan volume represents an approximate 25 percent increase in annual origination volume for Guild, based on results from both organizations through the third quarter of 2023, and the combined company would be the eighth-largest non-bank retail lender in the country, the company said in a statement. Both Guild and Academy Mortgage are Please log in to see the rest of this story.
