Academy Mortgage

Guild Mortgage is acquiring its friendly competitor Academy Mortgage Corporation, gaining 200 branches and more than 600 licensed mortgage originators in the process. Utah-based Academy Mortgage will extend Guild’s market share across the nation, Guild said in a press release, thanks to the number of employees and size of the business to transition over. Both companies are licensed in 49 states and Washington, D.C. Academy’s branches will transition to Guild branding and operate as a division within Guild. Academy’s loan volume will bring in about a 25% increase in annual origination volume for Guild. Academy Mortgage Chief Executive Adam Kessler will join Guild’s senior leadership team. Guild CEO Terry Schmidt called the acquisition “two like-minded organizations joining forces to continue…