What does ACADEMY MORTGAGE CORPO mean on my credit report?

Is ACADEMY MORTGAGE CORPO making an impact on your credit score?

Updated January 1, 2023

What is ACADEMY MORTGAGE CORPO?

ACADEMY MORTGAGE CORPO is shorthand for Academy Mortgage, with the company name being Academy Mortgage

ACADEMY MORTGAGE CORPO is a Mortgage Provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with Academy Mortgage.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

How do I contact them?

Here is the current contact details for Academy Mortgage:

Address:

  • 339 West 13490 South
    Draper, UT 84020

Website:

Email:

Phone:

Payments

To make a payment for a mortgage, an interested homebuyer should first become pre-qualified for a specific loan amount and then begin the formal loan application process. The borrower must present a number of documents, including a credit score and history, bank statements, proof of income, and a record of available assets. They should also contact their Academy Loan Officer for tips to help qualify for a mortgage.

Question Answer
Do they offer a monthly payment plan? Yes
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

Academy Mortgage offers loan consolidation services. They have experts across the country who can help customers finance their dream home and have over 30 years of experience in mortgages. They have resources for homebuyers, homeowners, and industry professionals, including loan education and FHA loan limits. They treat their customers like family and have dedicated community services. To qualify for loan pre-approval, an applicant must have a good credit score, bank statements from the last three months, pay stubs and proof of income, W-2s and most recent completed tax returns, a record of available assets, and residence history for the past two years. Speak with your loan officer to double check that all documents are collected and ready. Additionally, tips to help qualify for a mortgage include contacting your loan officer the moment you start thinking about buying, researching options, and making sure all debts are current.

Question Answer
Do they offer loan consolidation? Yes

How to Apply

It is possible to apply for a loan online, over the phone, or in person. To prepare for the application process, one should read the essential steps to get ready, compile the necessary documents (e.g. credit score, bank statements, pay stubs, etc.), and contact an Academy Loan Officer. Additional tips to help qualify include contacting a loan officer when thinking of buying and researching information carefully.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? Yes
Can I apply for a loan using a mobile app? Yes

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

ACADEMY MORTGAGE CORPO IdentityIQ Report

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

What is a Mortgage Provider?

A mortgage provider is a financial institution or mortgage bank that offers and underwrites home loans. Lenders have specific borrowing guidelines to verify your creditworthiness and ability to repay a loan. They set the terms, interest rate, repayment schedule and other key aspects of your mortgage. They have the ability to report on your credit profile which will affect your credit score. They also can run hard and soft inquiries which will impact your credit score if not delt with. Mortgage Providers are not perfect and can still make mistakes in their reporting, so if it says that you have missed a payment and you haven’t then if you take the correct action you will be able to remove the late repayment from your credit profile.

How do I remove ACADEMY MORTGAGE CORPO from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.