Comparing some numbers in the 10K to the prior year. Mortgage offices looks like they've grown from 74 to 94. And employees has jumped from 652 full-time/288 part-time to 933 full-time/299 part-time!
SNFCA is clearly growing. The market is not appreciating how much SNFCA will benefit from a continued rebound in housing. But I think it will. When it does, we'll see the stock price move back up to the $10-$15 range.
Can they grow this ,some more...Was the growth evenly spread or occur more to the last half of 2012 and ramping??/ Timeline of new hires????
The mortgage loan volume in 2012 was higher than in 2011 primarily due to an increase in market share. The increase in market share was attributed to an expansion of the retail loan operations of SecurityNational Mortgage. SecurityNational Mortgage anticipates the loan volume for 2013 to be approximately $125,000,000 to $240,000,000 per month range which was comparable to the per month range in 2012.