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 mcdermotthomeloans@gmail.com or directly at 602-694-5279. Have a great day!

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

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• Close Your Mortgage In Ten Days

Recently, we sat down with Shane Hollenback, who is the new branch manager at the new Academy Mortgage office in Mesa and asked him a few questions.

The highlights?

Question: What makes Academy Mortgage different than other lenders?

Answer: Probably the fact that we can actually get a loan done on time and quickly. We didn’t reinvent the wheel, we just do it more efficient and better. We do everything in house (everyone *says* they do everything in house) we really can go from originating a loan to the processor to the underwriter who then can take it to the closer who then sits right by our funder.

We are the only mortgage company that I know of who has that ten day close guarantee.

Related Posts

• Prime Lending Loan Officer Moves To Academy Mortgage
• Academy Mortgage: 3rd Biggest Lender in Maricopa County December ’09
• Close Your Mortgage In Ten Days

Wondering who the largest mortgage lenders are in Maricopa county?

The usual suspects round out much of the top 10 — all companies that you have heard of.

Wells Fargo led the pack.

Then Bank of America.

In third place?

Academy Mortgage – home of the Ten Day Close.

But perhaps the fact that Academy is number three isn’t all that amazing — until you realize that there are really only two Academy Mortgage offices in Maricopa County.

I guess people really have started to spread the word:

Speed and Service is worth it.

And we don’t just say that we can get your loans closed in Ten Days — we guarantee it.

Related Posts

• Prime Lending Loan Officer Moves To Academy Mortgage
• Shane Hollenback: Why Academy Mortgage Closes Loans In Ten Days
• Close Your Mortgage In Ten Days

Is your loan officer telling you that it will take longer to close your loan than ten days?

Call us.

Thanks to Dean Ouellette for letting us get his client’s loan closed. Dean, we are looking forward to many more ten day closes in the future.

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