Guild Mortgage to acquire Academy Mortgage.

Guild Mortgage, a growth-oriented mortgage lending company, agreed to acquire Academy Mortgage, an Utah-based lender. Financial terms were not disclosed. “Guild and Academy share a commitment to the purchase mortgage market and believe in local sales and fulfillment that builds on our customers for life strategy. Our aligned core values attract employees dedicated to serving their communities and delivering on the promise of homeownership. This transaction represents two like-minded organizations joining forces to continue to grow stronger together. Each acquisition we’ve completed has brought new talent to Guild, making us a better company. We’re excited to extend a warm welcome to our new Academy teammates and build on their talent with the support of Guild behind them," Terry Schmidt, Guild Chief Executive.