60 Years of Security National Success

As part of the Security National family of companies, we at SecurityNational Mortgage Company (SNMC) are thrilled to share the remarkable milestone reached by our sister company, Security National Life. This year, they are celebrating 60 years of serving families. This achievement not only signifies their longevity but also mirrors our shared commitment to stability, growth, and excellence.

A Legacy of Excellence

Security National began in 1965 with the inception of the Security National Life Insurance Company. Starting with a modest sum of $543,000 in assets, housed in a small rented home in Salt Lake City, Utah, Security National has consistently grown into a robust industry leader across various service sectors.

Over the past six decades, Security Nationals’ expansion has been fueled by new sales and investment opportunities, acquisitions of life insurance companies, funeral homes, and cemeteries, along with the formation and evolution of our mortgage company. This journey of growth and resilience reflects our unwavering commitment and dedication to serving families and enabling meaningful careers.

In celebration of its 60th anniversary, SNL has created a special logo that encapsulates its history, stability, and unwavering commitment to excellence. This logo (seen below) will be used throughout 2025 to highlight SNL’s history and commitment to customers and internal teams.

60th-anniversary logo of Security National Life

The original logo of Security National Life

Strength in Unity

This triumph is not a standalone achievement. It’s a testament to the strength and stability of our family of companies. The support from our family entities, like Security National Life, provides us with the stability that is paramount in the dynamic landscape of mortgage lending.

The success of Security National Life affirms our core strength: our ability to weather the highs and lows of each industry. This resilience enables us to provide our borrowers with the best possible service, irrespective of the economic climate.

Future Growth with SNMC

At SNMC, we are not just looking at the present; we are also focused on the future. We are investing in growth and innovation, firmly backed by the stability provided by our family of companies.

As we reflect on the past 60 years of success, we are excited about the opportunities that lie ahead. Our commitment to our customers, our teams, and our shared vision of excellence ensures that we are well-positioned for a future of sustained growth and success.

The accomplishment of Security National Life is a testament to the hard work, fantastic leadership, and shared dedication across our companies. As we continue to grow, we look forward to contributing to the legacy of excellence that defines our family of companies.

The Great Work Debate: In-Office Mandates vs. Remote Work

As companies across the nation redefine their workplace policies, employees are facing a new set of challenges. Recent developments at major corporations like 3M and Amazon illustrate the stark contrast in approaches to returning to the office, highlighting a critical moment for workers navigating their professional and personal lives.

The Shift in Work Policies

3M has adopted a flexible “Work Your Way” policy, allowing employees to choose between remote, hybrid, or in-office arrangements. This shift recognizes the importance of work-life balance and the varied preferences of today’s workforce. Employees are encouraged to select the work environment that best suits their productivity and well-being, reflecting a growing trend toward autonomy and trust in the workplace.

In contrast, Amazon Web Services (AWS) CEO Matt Garman has taken a more rigid approach by mandating that employees return to the office five days a week. Garman’s recent comments have sparked significant backlash, with many employees expressing dissatisfaction and even threatening to leave the company. This divide highlights the challenges many workers face as they adjust to new expectations regarding in-person work.

The Impact of Relocation

During the COVID-19 pandemic, many employees relocated as companies shifted to remote work models. This newfound flexibility allowed workers to move away from their traditional office locations, often seeking more affordable housing or a better quality of life. However, as some companies enforce stricter return-to-office policies, many employees may find themselves required to return, creating significant pressure for those who have settled into new living situations.

Another challenge some employees face is the requirement to return to the office due to living within a given radius of the workplace. This may lead them to consider relocating further away, where housing options might be more favorable and where they can enjoy a better quality of life.

How SNMC Can Help

In this evolving landscape, SNMC is here to support you as you navigate these changes. We understand the unique challenges you may face, and our team of experienced Loan Officers is ready to assist you in exploring options tailored to your specific needs. Whether you’re considering relocating back to your previous work city, facing the requirement to return due to living within the office radius, or looking to move further away for better housing options, we encourage you to reach out.

Having a trusted partner by your side is essential. At SNMC, we’re committed to ensuring you have access to the resources and guidance necessary for a successful transition.

If you have questions or need assistance, we invite you to connect with one of our Loan Officers near you. We’re here to help you navigate these challenges and secure your financial future.

Sources

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.

Why It Is Better Here

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 why It Is Better Here.

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

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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

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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

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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

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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.

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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

Still need help?

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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.

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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

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