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Subsequent Events
9 Months Ended
Sep. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events

15) Subsequent Events

 

October 31, 2022, the Company, through its wholly owned subsidiary, SecurityNational Mortgage Company (“SecurityNational Mortgage”) sold certain of its mortgage loan servicing rights (“MSRs”) to PNC Bank, NA for aggregate gross consideration of approximately $89.7 million. The MSRs related to mortgage loans previously originated by SecurityNational Mortgage in aggregate unpaid principal amount of approximately $7.05 billion. Substantially all of the consideration has been received by SecurityNational Mortgage, with the remainder subject to certain holdbacks during transfer of the MSRs.