From time to time, I get great pieces of information that come across my desk.

Wondering why more and more great loan officers are choosing to work at Academy Mortgage?

Here is one great loan officer’s announcement to his clients recently of why he made the switch.

From: Michael McDermott
Sent: Thursday, July 08, 2010
Subject: IMPORTANT ANNOUNCEMENT – Changing The Way Your Clients Experience the Home Buying Process

Good afternoon everyone,

I urge you to read this email in its entirety; I guarantee that it will change the way you look at the lending industry and ultimately help you grow your business! It’s a bit lengthy but well worth the time it will take to read it.

I am very excited to announce that I have moved to another mortgage company. A move that was made with you and your clients in mind.

As many of you know, I have been with PrimeLending (formerly CTX Mortgage) for nearly 8 years now and I can honestly say that I enjoyed my time there. PrimeLending is a stand up mortgage company in an ever-changing market and I wish them the best.

However, just recently PrimeLending has struggled through some growing pains that have adversely affected the turn times that I expect from a company that stands behind my business and ultimately supports you and your client. After missing a few close of escrows over the past couple of months, I felt that a change was necessary.

So the question is, where did I move to and why did I move there? After meeting with several companies, I felt that Academy Mortgage had the most to offer your clients. This is where things get interesting; please read on.

Academy Mortgage is not the largest mortgage company in the valley but they are the third highest producing mortgage company in Maricopa County.

They offer absolutely everything in office…key phrase, in office, not in house!

I have personally met with each processor, underwriter, doc drawer and loan funder within Academy Mortgage and every single one of them is within walking distance from me.

The days of sending an email or waiting for a returned phone call from an underwriter are officially over!

This is absolutely crucial to the unprecedented loan processing system I am about to tell you about…

So here it is…Academy Mortgage offers a Guaranteed 10 Day Close!

Not only do they offer this but they stand behind it by offering the buyer $100 for every day after the 10th day for up to 5 days that their loan doesn’t close.

Year to date, Academy Mortgage has only had to pay two buyers a fee for going past the 10th day. This speaks volumes to me and I’m sure it does to you as well! If a company is willing to fork out some of their own money for the inconvenience of not closing in less than 10 days, I know they take your business seriously and they will do whatever it takes to get the job done on time.

As I mentioned earlier, there are several reasons for making this move but I will share the rest of those reasons over the next several days and weeks but I will tell you that Academy is VERY competitive in regard to interest rates and their processing fees are less than half of what you have been used to seeing.

I hope you are as excited as I am about this news and I look forward to working with you in a more efficient manner than ever before. I appreciate the business you have trusted me to handle over the past several years and I assure you this move is in the best interest of everyone involved; especially the most important one…the buyer.

As always, if you need anything from me, I can be reached at [email protected] or directly at 602-694-5279. Have a great day!

Your Trusted Mortgage Planner,
Michael McDermott
Direct: 602-694-5279