Nelson Barss

NMLS# 201517

Senior Loan Officer

Nelson Barss
Senior Loan Officer

NMLS# 201517
State Lic: UT # 5502102; ID # MLO-22280;
1810 East 3100 North
Layton, UT 84040
Branch: (801) 775-8875
Direct: (801) 923-2161

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Nelson is a 15 year veteran of the mortgage industry and has worked as a loan officer, sales manager, branch manager and trainer. Nelson has trained more than 50 loan officers and has been involved in over 1,000 loan closings.  Nelson also owned and operated Old Providence Mortgage Co. in Centerville, UT and managed a branch for a major national lender in South Ogden, UT before joining Academy Mortgage.  Joining forces with Academy has allowed Nelson to re-focus on what he loves - taking great care of his clients and real estate partners.

Prior to entering the mortgage industry, Nelson worked for 2 years as an NASD registered securities representative, and for 2 years as a credit and debt counselor. In those capacities, he helped clients avoid bankruptcy, pay off debt, manage their finances, and increase their credit score - skills which make him a valuable resource to his clients.

Nelson attended the University of Utah where he earned a BS in Organizational Communication in 2002, and Master of Business Administration in 2007.

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Nelson was an incredible contact. He went above and beyond the call of duty and did an excellent job with everything. I am very impressed by him and his great work.Bradley Glen Biddulph

NMLS# 201517

State Lic: UT: 5502102; ID: MLO-22280;

Corp Lic: UT: 5491140-MLCO; ID: MBL-671;


Housing market and strengthening economy are good news

Many home construction company gains occurred during periods of low U.S. home mortgage and other related rates. CNBC reported iShares Home Construction ETF saw a 7.6% average return, Masco averaged around an 8.4% gain, D.R. Horton reported an 8.7% average return, Lennar gained 10.1% and PulteGroup saw the highest average return of  14.8% during low rate and strong growth periods. 

Historical evidence for improvement of housing-market-related stocks. CNBC took a look at previous situations to determine a projection for the future of the housing market. In 1980, the 10-year Treasury yield dipped under 2.5%, and gross domestic product teetered above 2%. The result of these two numbers meeting instigated four quarters when home? builder stocks skyrocketed. This pattern could be mimicked in 2015.

Kiplinger, a business forecasting and finance advising company based out of the District of Columbia, reported GDP at 2% during the fourth quarter, MarketWatch noted that the current 10-year Treasury dropped to 2.19% Dec. 30. These conditions mimic those observed previously and lead economists to forecast a great year in 2015. 

Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2013 CoreLogic Marketrac Report. Visit to find a loan, get a rate, or calculate your payment today.


Academy Mortgage Aquires Republic Mortgage

Academy Mortgage is pleased to announce its acquisition of Republic Mortgage Home Loans. The partnership will allow the two independent mortgage lenders to bring homeownership to a greater number of individuals and families across the United States. Republic Mortgage aligns well with the operational structure and the service-oriented and people-centric culture at Academy. Like Academy, Republic Mortgage is focused on purchase (vs. refinance) business and on the professional and personal development of its mortgage originators, employees, and referral partners. It is also actively involved in giving back to its communities and donates a portion of each closing to local charities. "By joining forces with Republic Mortgage, we will be able to accelerate our opportunities for growth, and, most importantly, our opportunities for each individual to push forward our vision to inspire hope, deliver dreams and build prosperity," said Adam Kessler, president of Academy Mortgage. The acquisition will not affect the high level of service provided to both companies' clients and referral partners. All loans that currently stand will be processed and funded regularly. The primary benefits of this alliance are increased access to resources and enhanced opportunities for growth. Republic Mortgage also brings to the partnership several innovative tools showcasing the latest advancements in mortgage technology. Republic Mortgage operates 44 branches in 12 states with 350 employees. Republic Mortgage's employees and branches will be transitioned to the Academy Team over the upcoming weeks. Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2013 CoreLogic Marketrac Report. Visit to find a loan, get a rate, or calculate your payment today. ×

Home Purchase Affordability Increases

Purchasing a home might become more affordable than renting real estate in the next three years, according to a report released by Capital Economics, an economic research consultancy headquartered in London. Rent is predicted to rise. As the U.S. economy improves, renting real estate becomes pricier and less attainable for first-time homebuyers and individuals with a lower income. Capital Economics predicts that the annual average rate will rise 5% or more over the next few years. The improving employment rate among Americans has also contributed to the rising cost of rent. In addition, millennials have had a tendency to rent, which increases the demand for leased property. In a survey taken by, 41% of property owners saw more millennials renting over the past year. The student loans that this generation has accumulated has made applying for a conventional mortgage more difficult. U.S. News and World Report also conveyed that many millennials are taking advantage of the amenities and accessibility to the city offered by apartments. These factors have driven more millennials to rent, consequently increasing demand and giving an opportunity for rental rates to steadily increase. Home affordability has improved. The down payment necessary to purchase a home keeps many potential homebuyers from moving forward with the process. Some lenders require as much as a 20 percent down payment to qualify for a U.S. home mortgage. Government-affiliated mortgage lenders like Freddie Mac have announced a new program that offers potential borrowers the opportunity to qualify for a mortgage with a down payment as low as 3% of the total value of a home. This opportunity is specifically designed to encourage the purchase of real estate by first-time homebuyers. Home affordability improves with the increased accessibility to mortgages and increased employment rate. Potential homebuyers are more confident moving forward with the purchase of a home when they have more job security. In addition, interest rates for mortgages are at historical lows, making homebuying more appealing than ever. However, the annual percentage rates affixed to mortgages are predicted to rise according to the source. While rent is forecasted to rise 5%, house price inflation is expected to fall to 4% over the next few years according to Capital Economics' findings. Academy Mortgage is one of the top independent purchase lenders in the country as ranked in the 2013 CoreLogic Marketrac Report. Visit to find a loan, get a rate, or calculate your payment today. ×