SecurityNational Mortgage Company Recognized as Scotsman Guide Top Workplace 2024

Building a Stronger Future Together

We are thrilled to announce that SecurityNational Mortgage Company has been honored as a Scotsman Guide Top Workplace for the year 2024. This prestigious recognition is a testament to our unwavering commitment to our employees, our communities, and our mission to make a positive impact in the mortgage industry.

What Makes SecurityNational Mortgage Company Unique

At SecurityNational Mortgage Company, we embrace the belief that our employees are at the heart of our success. We not only provide exceptional mortgage lending services but also foster a supportive and inclusive work environment where every individual can thrive. Here are some key factors that set us apart:

1. Community-driven Approach: We live, work, and play alongside the communities we serve. We understand the importance of giving back and making a difference. Through extensive community outreach, local charity events, and partnerships with homegrown organizations, our loan officers actively contribute to the betterment of our neighborhoods.

2. President’s Trip: As a token of our appreciation for their outstanding performance, our top producers earn an exclusive opportunity to embark on our annual President’s Trip. This year, we are excited to celebrate success in the enchanting city of Vienna, Austria. Past trips have taken us to breathtaking destinations such as Hawaii, Alaska, Thailand, and Costa Rica, providing our high-performing team members with unforgettable experiences.

3. Career Advancement: We believe in nurturing the growth and development of our employees. Through comprehensive training programs, mentorship opportunities, and continuous support, we empower our team members to advance in their careers. Our commitment to their professional growth is a cornerstone of our success as an organization.

Contributing and Giving Back to Our Communities

At SecurityNational Mortgage Company, we understand the importance of making a positive impact beyond the mortgage industry. We engage in various initiatives and events to contribute to the well-being of our communities. Here are a few notable examples:

1. Fundraiser for the Homeless: Our Pacific Northwest (PNW) Team took the initiative to raise funds for the homeless community in the area. Their dedication and compassion made a tangible difference in the lives of those in need.

2. Anahola Music Festival & Food Drive: In partnership with past clients, local talents, and community organizations, SNMC Hawaii organized the Anahola Music Festival & Food Drive. Through this event, we collected 582 lbs. of non-perishable foods and raised $3,537 for Kauai, showcasing our commitment to supporting local communities.

3. A Place Called Home: In sponsorship of “A Place to Call Home,” SecurityNational Mortgage participated in their third annual gala fundraiser in West Georgia. This event aimed to provide support and resources to those in need, demonstrating our dedication to creating a better future for everyone.

Join Our Team

If you are looking for a fulfilling career with a company that values community, growth, and making a difference, we invite you to consider joining SecurityNational Mortgage Company. As a part of our team, you will have access to a range of perks and benefits that foster personal and professional development. Visit our Careers Page to explore the exciting opportunities that await you.

As we celebrate our recognition as a Scotsman Guide Top Workplace 2024, we remain committed to our mission of providing exceptional mortgage services while positively impacting the communities we serve. SecurityNational Mortgage Company’s unique approach, commitment to employee growth, and dedication to giving back truly set us apart. Together, we will continue to build a stronger future, one mortgage at a time.

Life Planning – Recruiting

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Journey to Home Ownership

1. Obtain prequalification from lender

2. Identify desired home

3. Contract is accepted/home is placed in escrow

4. Submit loan application to lender

5. Lender orders title and property appraisal

6. Loan materials are reviewed and processed

7. Loan submitted to underwriting for approval

8. Preparation of the Closing Disclosure

9. Loan documents are signed

10. The loan is funded and recorded

11. Buyers get the keys to their new home

Disclaimer: SecurityNational Mortgage Company, and its loan officers, unless individually licensed and specifically denoted in their credentials, are not qualified to, and are prohibited from representing themselves as accountants, attorneys, certified financial planners, estate planners, investment specialists or tax experts, and will not advise you in those matters. Always seek the advice of a licensed professional. By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having SecurityNational Mortgage Company contact you about your inquiry. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company is an Equal Housing Lender. Company NMLS# 3116

Start your journey home today!

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Community Partnership Benefits All

Under Sheriff Kevin McMahill & Amar Chadha
Photo by: Robert D. Harding Jr.

By Mikel Frederick
June Metro Volunteer Program (MVP) Newsletter

Las Vegas, NV — At the height of the Covid-19 pandemic, Las Vegas was facing a dire shortage of personal protective equipment (PPE), and many had lost their jobs.

In true Las Vegas Strong fashion, the Las Vegas Sikh community stepped up and handed out free food and masks to those in need.

In May, 2020, the Las Vegas Sikhs Engaged in Volunteer Activities (SEVA), in partnership with the LVMPD, held two free food and mask distribution drives, handing out over 2,500 free meals and 4,000 masks.

Amar Chadha, 45, the CEO of SEVA, said the event was hugely successful in large part due to the LVMPD and local restaurants that contributed meals for the events.

Chadha said the LVMPD was very helpful with logistics and organization of the events, giving special thanks to Undersheriff Kevin McMahill and Assistant Sheriff Christopher Jones, who helped with logistics and support.

“We cherish our relationship with Mr. Chadha and The Sikh Community. I would like to express my deepest gratitude to Mr. Amar Chadha for his commitment to our agency and Las Vegas. He is a true hero,” Jones said.

Chadha and his wife, Jasmeet, personally finance and run the grass roots non-profit organization. “We created the organization to help anyone who needs help,” Chadha said. “We’re no millionaires, but we desperately try to do what we can.”

For the past 10 years, Chadha, a devout Sikh, and Las Vegas local since 2000, has actively helped bridge the relationship between the LVMPD and the 9,000 strong Las Vegas Sikh community.

Chadha said his active involvement with the LVMPD began about 10 years ago, triggered by an event that changed his life.

At a local Starbucks, Chadha, dressed in a suit and wearing his turban, was reviewing a loan application when he was approached and detained by two LVMPD officers. Chadha said the officers were searching for a possible bomb suspect who had threatened a nearby bank. For him, it was a life-changing event that spurred him to get involved with local law enforcement.

In 2014, Chadha joined the LVMPD volunteer program to better understand the LVMPD and how it helped the community. “I wanted to get involved with other communities and thought this would be a great program to know about Metro and how they help locals on day to day basis, Chadha said.

Chadha devotes most of his time to the Airport VIVA program where he helps visitors – especially minority groups from India. “It’s always a great pleasure to be able to serve,” Chadha said. Chadha’s partnership with the LVMPD has allowed him to educate law enforcement personnel on what Sikhism is about. It’s a great partnership – going on 10 years now.

He added that his close relationship with the LVMPD and the FBI has vastly improved the Sikh community relationship with law enforcement.

Chadha has served on the Las Vegas Sheriff’s Metro Multi-cultural advisory board and is currently on the board of directors for the FBI Las Vegas Citizen’s Academy Alumni Association.

Chadha had high praise for Sheriff Lombardo, saying, “He has really been accommodating to the Sikh community. They have really become familiar with who we are as a community.”

A mortgage consultant by trade and charity organizer in his spare time would seem a pretty busy schedule, but Chadha loves what he does. “I’ve been doing this all my life – helping the community,” Chadha said.

Disclaimer: SecurityNational Mortgage Company, and its loan officers, unless individually licensed and specifically denoted in their credentials, are not qualified to, and are prohibited from representing themselves as accountants, attorneys, certified financial planners, estate planners, investment specialists or tax experts, and will not advise you in those matters. Always seek the advice of a licensed professional. By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having SecurityNational Mortgage Company contact you about your inquiry. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company is an Equal Housing Lender. Company NMLS# 3116

Start your journey home today!

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Leading the pack among mortgage lenders

While other mortgage lenders struggle to keep pace, SecurityNational Mortgage Company continues to lead our clients to the finish line.

A mortgage company with a rock-solid reputation

You can feel confident that you’re getting the guidance and professional treatment you deserve. With over 50 years of experience, SecurityNational has the consistent track record and dependable financial backing of Security National Financial, our publicly traded parent company (NASDAQ: SNFCA). We’ve steadfastly weathered all the ups and downs of the economy and gained a reputation for outstanding leadership in the home loan market.

We’ve got professional mortgage branches from coast-to-coast, and hundreds of experienced loan professionals ready to take you through the loan process with top-notch service. Not to brag, but we’re consistently ranked a Top 50 mortgage company by Scotsman Guide in the United States.

Take advantage of historically low rates today. Find a loan professional in your area or visit a local branch office to learn more.

Disclaimer: SecurityNational Mortgage Company, and its loan officers, unless individually licensed and specifically denoted in their credentials, are not qualified to, and are prohibited from representing themselves as accountants, attorneys, certified financial planners, estate planners, investment specialists or tax experts, and will not advise you in those matters. Always seek the advice of a licensed professional. By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having SecurityNational Mortgage Company contact you about your inquiry. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company is an Equal Housing Lender. Company NMLS# 3116

Start your journey home today!

Find a Loan Officer

Locate a Branch

Still need help?

We're great with directions!

No really, ask us for directions. Our mortgage professionals are waiting to help answer any questions or concerns you have as you begin your journey home.

Contact Us

The difference between forbearance and forgiveness

Forbearance is when a lender agrees to let a borrower postpone payments until a later date. The payments are not eliminated. They will need to be paid at the end of the forbearance period, spread over time, or added at the end of the loan. It’s important to know this is not for everyone but only those who have lost a job or have a financial hardship due to the coronavirus pandemic.

Potential Benefits

If you are eligible and in true need, this can be a big, albeit temporary help with cash flow.

Potential Problems

If you’re without funds for monthly payments now, what is the likelihood of being able to make up missed payments all at once in a few months? This is the worst-case scenario, but you must ask your servicer if alternatives are available.

The CARES Act intends to protect your credit if pursuing forbearance, yet there’s no guarantee that will occur without errors. It will be important to monitor both your monthly statements and credit report to assure accuracy.

This is temporary, not long-term relief. It may take a year or more beyond the end of the forbearance before you can refinance. Saving every month for 30 years later may be far better than a little short-term relief right now.

Possible Alternatives

If you still have sufficient household income to qualify, pursuing a “cash out” refinance could be a better option. You may be able to access equity to create a cash cushion from which you can consolidate other debts, make timely payments and eliminate risk to your credit.

If you have a 15-year loan now, stretching the term to 30 years can save hundreds of dollars per month. Once your income has returned to normal, you can always add extra principal to pay the loan off in 15 years without having to refinance again.

If you have no choice but to pursue forbearance, you MUST reach out using the contact info on your loan statement to arrange a formal, documented plan.Documentation will be critical to clear any credit reporting issues that may arise.

Think it through. A forbearance is not forgiveness. It does not eliminate payments; it only delays them. If you have emergency savings, available lines of credit or other means to pay, these may be better options to get you through these difficult times.

Disclaimer: SecurityNational Mortgage Company, and its loan officers, unless individually licensed and specifically denoted in their credentials, are not qualified to, and are prohibited from representing themselves as accountants, attorneys, certified financial planners, estate planners, investment specialists or tax experts, and will not advise you in those matters. Always seek the advice of a licensed professional. By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having SecurityNational Mortgage Company contact you about your inquiry. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company is an Equal Housing Lender. Company NMLS# 3116

Start your journey home today!

Find a Loan Officer

Locate a Branch

Still need help?

We're great with directions!

No really, ask us for directions. Our mortgage professionals are waiting to help answer any questions or concerns you have as you begin your journey home.

Contact Us

Know the different mortgage relief options

Know the different mortgage relief options so you can make the best choice.

Forbearance

This is the plan everyone is talking about since the passage of the CARES Act. It’s an agreement with your lender to reduce or delay regular payments for a set time. When the forbearance period ends, the postponed payments will be due all at once.

Modification

This is a legal process that alters the terms of your loan. For instance, a modification could lower your monthly payments by lengthening your loan term.

Deferment

This is a plan that allows you to postpone your payments for a set time then pay them at the end of your regular loan term. “Deferments” and “forbearances” are often used interchangeably, but they are different. A deferment is more beneficial for many because it eliminates the need to make up multiple payments at the end of a short postponement period. Deferments are not available from all servicers.

Payment Assistance Program

This is an arrangement that allows you to make up your postponed payments at the end of a forbearance period by spreading the cost over a period of time. Payment Assistance Programs are not available from all servicers.

Cash Out Refi or Home Equity Line of Credit (HELOC)

If you still have enough income to qualify, accessing equity in your home by refinancing or obtaining a secured credit line may be a good option for lowering your payments, consolidating other debts, and/or creating a cash cushion. A refi will be especially beneficial if current rates are lower than those on your existing financing.

If you want to discuss your options for a refinance or HELOC, please visit a local branch or contact us directly.

To set up the other options listed here, please reach out using the contact information on your monthly loan statement. Document all calls and agreements, then check your monthly statements and credit reports to assure that changes are reported correctly.

Disclaimer: SecurityNational Mortgage Company, and its loan officers, unless individually licensed and specifically denoted in their credentials, are not qualified to, and are prohibited from representing themselves as accountants, attorneys, certified financial planners, estate planners, investment specialists or tax experts, and will not advise you in those matters. Always seek the advice of a licensed professional. By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having SecurityNational Mortgage Company contact you about your inquiry. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company is an Equal Housing Lender. Company NMLS# 3116

Start your journey home today!

Find a Loan Officer

Locate a Branch

Still need help?

We're great with directions!

No really, ask us for directions. Our mortgage professionals are waiting to help answer any questions or concerns you have as you begin your journey home.

Contact Us

The fed cut interest rates to zero. Here’s what it means for mortgages.

Falling mortgage rates will likely hit a floor, Here’s why.

The Federal Reserve has taken emergency action to cut rates to zero. While 0% interest rates sound great to anyone who owns a home or is planning to buy, it’s important to slow down and talk through a couple of things.

First, the Fed does not control mortgage rates. Their cuts apply to rates for loans between the Fed and banks or from one bank to another.

Second, the Fed’s actions most quickly impact the rates on U.S. Treasury Securities. These markets can influence Mortgage Backed Securities, which will then influence mortgage rates.

However, in times of uncertainty, other factors can overrule the norm. This happened in 2008. Despite aggressive cuts by the Fed, mortgage rates hit a floor and never fell further. The same is happening now.

Why?

The volume of business. Demand for mortgage loans is stretching the industry’s capacity to serve. To slow demand, rates may hover at higher levels.

Reduced investment. When investors know borrowers will refinance early, they expect to lose income. This risk means fewer investors will buy new mortgage backed securities. Less demand equals higher rates.

Extra costs to lenders. When loans are refinanced quickly, lenders often pay back their earnings. Similarly, additional expenses can occur when rates shift too quickly for in-process loans. These costs are reflected in higher rates.

The Bottom Line

A 0% Fed funds rate will not lead to a 0% mortgage loan rate. Mortgage bonds will always have a level under which investors simply will not purchase them, and mortgage rates reflect that.

The Good News

Mortgage rates are at or near their lowest levels ever. That spells opportunity to save significantly by refinancing or locking in a great rate on a purchase.

Disclaimer: SecurityNational Mortgage Company, and its loan officers, unless individually licensed and specifically denoted in their credentials, are not qualified to, and are prohibited from representing themselves as accountants, attorneys, certified financial planners, estate planners, investment specialists or tax experts, and will not advise you in those matters. Always seek the advice of a licensed professional. By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having SecurityNational Mortgage Company contact you about your inquiry. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company is an Equal Housing Lender. Company NMLS# 3116

Start your journey home today!

Find a Loan Officer

Locate a Branch

Who’s who in the mortgage process

Helpful Articles > First-time homebuyers

Who’s who in the mortgage process

Here is a list of some of the people you will become familiar with throughout the loan process. This should help you better understand what you can expect from each individual along your journey home.

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Appraiser

An individual who is licensed to estimate the worth (fair market value) of the property you are purchasing.

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Closing or Settlement Agent

The party who conducts the closing meeting. This role may be filled by an attorney, title company, or real estate agents depending upon the state where the property is located.

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Loan Officer

A Loan Officer represents one lending institution and their loan programs. They help you choose the best mortgage loan based upon your situation and will help you complete the loan application.

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Loan Servicer

The entity that collects mortgage payments (it may or may not be the lender) and pays taxes and insurance and mortgage insurance, if required, on your behalf.

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Mortgage Insurer

By compensating the lender for losses should a borrower be unable to make payments, Mortgage Insurance is often used to purchase a home without a 20% down payment.

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Mortgage Lender

Financial institution that issues loans. Unlike brokers, lenders control the whole process; from underwriting to funding.

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Property Inspector

An individual certified to conduct a examination of the home. An inspector will look for issues that may affect the value of the property and can assess the condition of a property’s roof, foundation, heating and cooling sys- tems, plumbing, electrical work, water and sewage, and some safety issues.

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Real Estate Agent

A real estate agent is a person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy. They can often provide helpful and specific community information such as shop-ping, transportation, and schools.

Looking to buy your first home?

When considering the purchase of a home, you’re bound to have questions. Well, you’ve come to the right place!

Steps to home ownership made easy

Purchasing a home can seem complex. Obtaining a mortgage shouldn’t be. Here is a simple checklist to get you started.

Top 5 reasons to get-prequalified

Getting prequalified is a great first step when beginning to shop for a home.

Disclaimer: SecurityNational Mortgage Company, and its loan officers, unless individually licensed and specifically denoted in their credentials, are not qualified to, and are prohibited from representing themselves as accountants, attorneys, certified financial planners, estate planners, investment specialists or tax experts, and will not advise you in those matters. Always seek the advice of a licensed professional. By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having SecurityNational Mortgage Company contact you about your inquiry. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company is an Equal Housing Lender. Company NMLS# 3116

Start your journey home today!

Find a Loan Officer

Locate a Branch

Mortgage do’s and don’ts

Helpful Articles > First-time homebuyers

Mortgage do’s and don’ts

Do’s

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Do keep paying bills on time

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Do let us know of any significant changes (job, new expenses)

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Do get us all documentation requested on a timely basis

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Do tell us of large new deposits to bank accounts

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Do keep a paper trail of new deposits/transfers into bank accounts that are not payroll related

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Do use funds for closing from only the asset accounts we have verified

Don’ts

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Refrain from changing jobs, becoming self-employed or quitting your job

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Refrain from buying a new vehicle or other large purchases (furniture, appliances) on credit

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Refrain from using credit cards excessively and increasing credit card balances

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Refrain from making large deposits or changing banks without first checking with your loan officer

Looking to buy your first home?

When considering the purchase of a home, you’re bound to have questions. Well, you’ve come to the right place!

Steps to home ownership made easy

Purchasing a home can seem complex. Obtaining a mortgage shouldn’t be. Here is a simple checklist to get you started.

Top 5 reasons to get-prequalified

Getting prequalified is a great first step when beginning to shop for a home.

Disclaimer: SecurityNational Mortgage Company, and its loan officers, unless individually licensed and specifically denoted in their credentials, are not qualified to, and are prohibited from representing themselves as accountants, attorneys, certified financial planners, estate planners, investment specialists or tax experts, and will not advise you in those matters. Always seek the advice of a licensed professional. By submitting your contact information you agree to our Terms of Use and our Privacy Policy. You also expressly consent to having SecurityNational Mortgage Company contact you about your inquiry. This is not a commitment to make a loan. Loans are subject to borrower and property qualifications. Contact loan officer listed for an accurate, personalized quote. Interest rates and program guidelines are subject to change without notice. SecurityNational Mortgage Company is an Equal Housing Lender. Company NMLS# 3116

Start your journey home today!

Find a Loan Officer

Locate a Branch