American Security Mortgage Corp

What American Security Mortgage Corp does

American Security Mortgage Corp is a privately held, regionally focused retail mortgage lender headquartered in Charlotte, North Carolina, founded in 1999 by industry veterans Jim Abbott (former president of the fourth-largest US mortgage company) and Phil Mahoney (former top bank executive). The company originates purchase mortgages, rate/term and cash-out refinances, reverse mortgages, and a full menu of conventional, FHA, VA, and jumbo loan products through a network of 19 branch offices spanning North Carolina, South Carolina, Virginia, Florida, Georgia, and Washington, DC. Its principal product line, branded 'Fast-Track Mortgage,' is positioned around the speed of in-person decision-making enabled by a deliberately flat organizational structure where loan officers have direct access to the CEO and senior leadership for rapid approvals.

The company operates a mortgage lending platform built around an online application portal (apply.americansecuritymortgage.com) and internal loan processing systems, with differentiation coming from operational structure rather than proprietary technology — specifically, no multi-tier bureaucracy and transparent, layer-free pricing that loan officers deliver directly to borrowers. Distribution is hybrid: face-to-face origination through licensed loan officers at physical branches, supplemented by a referral partner channel (Realtors, builders, attorneys, financial advisors) and a self-service digital intake portal. The company is licensed as a mortgage lender in 13 states under NMLS Company ID 40561.

Revenue is generated on a transaction-fee basis from loan origination, with rates not publicly disclosed and customers applying for personalized quotes. ASMC is independently owned with no parent company, no disclosed institutional investors, and no funding rounds; approximately 40% of its 101-250 person workforce consists of family members of existing employees, indicating an unusually low-turnover culture atypical for sales-origination businesses. Current leadership comprises Chairman & CEO Phil Mahoney, Chairman Emeritus Jim Abbott, Co-CEO Corey Bauer, and President Bill Stokes.

Name

American Security Mortgage Corp

Legal name

American Security Mortgage Company

Website

https://americansecuritymortgage.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

American Security Mortgage Corp is a privately held, Charlotte-based retail mortgage lender originating purchase, refinance, reverse, FHA, VA, and jumbo loans through 19 branches across the Southeast and Mid-Atlantic, distributed primarily via licensed loan officers and a Realtor/builder referral network under the 'Fast-Track Mortgage' brand.

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Credit Intermediation and Related Activities (522)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Government-Insured Mortgage Origination (FHA/VA/USDA) (FSALAAAI)

akta.pro secondary industries

Rate-and-Term Refinance Origination (FSALAAAE), Cash-Out Refinance Origination (FSALAAAF), Reverse Mortgage Origination (HECM & Proprietary) (FSALAIAA), First-Time Homebuyer (FTHB) Mortgage Origination (FSALAAAG)

Keywords

• Residential mortgage lending
• Home loan origination
• Mortgage refinancing
• FHA VA loans
• Reverse mortgage services

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices18 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Mortgage Origination: The company originates mortgage loans for home purchases and refinances. Loan officers work with borrowers to structure transactions including purchase mortgages, refinance (rate and term, cash-out), reverse mortgages, and jumbo financing.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

American Security Mortgage Corp originates residential mortgage loans for home purchases and refinances. Loan officers structure transactions including purchase mortgages, refinance (rate and term, cash-out), reverse mortgages, and jumbo financing across Conventional, FHA, VA, and Jumbo loan programs. The company delivers these services through a 19-branch network across the Southeast and Mid-Atlantic, supported by an online application portal and a streamlined internal approval process.

Product overview

American Security Mortgage Corp operates as a mortgage lending company offering a unified mortgage service portfolio centered on their Fast-Track Mortgage process. The company provides purchase loans (for primary residences, second homes, and investment properties), refinance options (rate/term reduction and cash-out), reverse mortgages, and various loan programs including Conventional, FHA, VA, and Jumbo products. The portfolio is delivered through a network of licensed loan officers across multiple states, with an emphasis on swift decision-making, transparent pricing, and competitive rates without unnecessary bureaucratic layers.

Differentiator

Problem solved

Functional benefit

Brands

• Fast-Track Mortgage: The company's expedited mortgage approval process offering.

Products and services

• Fast-Track Mortgage
• Purchase Loans
• Refinance Services
• Reverse Mortgage Specialist
• FHA Loans
• VA Loans
• Jumbo Loans
• Conventional Loans

Quantifiable outcome

• The company takes a very small marginal profit on each loan enabling loan officers to offer significantly competitive pricing to customers.
• +1 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered community.

• Homes For Our Troops (HFOT)communityOthersHomes For Our Troops is a non-profit organization that builds specially adapted custom homes nationwide for severely injured veterans. ASMC partners with clients on each mortgage to support this organization, with donations made in the client's behalf. HFOT spends nearly 90 cents of every dollar to support veterans.
• Autism Strong FoundationcommunityOthersFounded on faith and led by inclusion and integrity, Autism Strong provides the strongest support, community, and hope for those touched by autism. ASMC clients select this organization and the company makes donations in their behalf.
• FirstHome IQcommunityOthersFirstHome IQ addresses the financial literacy crisis in America by bringing financial literacy to the next generation. ASMC partners with clients to support this organization through donations made in their behalf.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Movement Mortgage: Mid-sized private US mortgage banker (~700+ branches, founded 2008) offering purchase and refinance loans through a national loan officer network. Highly comparable to ASMC's relationship-led, branch-based retail origination model with an emphasis on speed and customer experience.
• Guild Mortgage: Publicly traded (GHLD) US residential mortgage originator with a branch-led, loan-officer-driven retail model focused on purchase originations including FHA, VA, and conventional. Directly comparable on product mix and channel strategy to ASMC.
• loanDepot: National US mortgage lender (NYSE: LDI) with a retail loan officer network plus a wholesale channel. Comparable to ASMC in retail purchase and refinance origination across multiple loan products including government-insured.
• PrimeLending: National residential mortgage banker (subsidiary of PlainsCapital Bank) with retail branch originations of conventional, FHA, VA, and reverse mortgage loans. Highly comparable in branch-based retail strategy and product breadth to ASMC.
• Caliber Home Loans: Privately held US mortgage originator with a retail/correspondent model offering purchase, refinance, and reverse mortgage products. Comparable to ASMC on multi-product retail origination via licensed loan officers.
• NewRez (Rithm Capital): Top-15 US residential mortgage originator (subsidiary of Rithm Capital, NYSE: RITM) with retail, wholesale, and correspondent channels offering conventional, government, and non-QM products. Comparable multi-channel originator with adjacent scale.

Broad incumbents

• Rocket Mortgage: Largest US mortgage originator (NYSE: RKT) operating a national direct-to-consumer digital platform plus a retail broker channel. Significantly larger than ASMC and serves as the dominant incumbent comparable; ASMC's differentiation hinges on person-to-person service against Rocket's scale.
• United Wholesale Mortgage: Largest US wholesale mortgage lender (NYSE: UWMC) primarily serving independent mortgage brokers rather than consumers directly. Comparable as a broad mortgage industry incumbent that competes for loan officer and partner mindshare against ASMC's referral-partner channel.

Emerging players

• Better.com: Digital-first US mortgage lender focused on fully online origination of purchase and refinance mortgages. An emerging player representing the disruptive channel that challenges ASMC's relationship-led retail model.

Regional players

• Cardinal Financial: Mid-sized US mortgage banker (acquired by Gateway First Bank in 2021) with retail origination branches primarily along the East Coast. Comparable as a branch-led retail mortgage lender operating in some of the same Southeast/Mid-Atlantic markets as ASMC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/americansecuritymortgage

Compliance14 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American Security Mortgage Corp