What is Society Mortgage?

Buying a home is a big deal.

Probably the biggest purchase most people ever make. There are tons of mortgage companies out there, so it’s not unreasonable to wonder who is legitimate, who the shady brokers are, and who will be the best choice for your unique situation. Another popular mortgage company that seems to be included in this discussion is Society Mortgage.

What is Society Mortgage?

Society Mortgage is a direct mortgage lender and loan servicer that partners with prospective homebuyers to finance or refinance their properties. The company will work with borrowers to obtain a home loan and help them purchase a new property or adjust an existing mortgage.

Like many mortgage companies, Society Mortgage offers:

• Home purchase loans: Help with financing a home for first-time homebuyers/any buyer.
• Refinance: Help in changing the terms of the loan, lower rates, and take money out from equity for homeowners.
• Services: Help with making your monthly payments, taxes, insurance, escrow, and any other money- or home-related task.

If you are looking to finance a loan, refinance a loan, or need someone to do services for your existing loans, Society Mortgage has it for you with every type of financial need.

Is Society Mortgage Legit?

When it comes to finding a mortgage company, legitimacy is key. No homeowner wants to be worried about dealing with a scam or disreputable mortgage lender.

• Licensed and registered: Society Mortgage follows all state and federal lending regulations, keeping up to date on mortgage laws and home-buying protections.
• Industry experience: The company is an established part of the mortgage sector, helping lenders and home buyers around the U.S.
• Customer reviews: Mortgage companies receive a share of negative evaluations, but Society Mortgage has been ready to help countless home buyers receive loans for their houses.

If you’re considering applying for a mortgage with Society Mortgage, be sure to read some user reviews, verify their licensing, and give them a call to get clarification on any additional points for your loan.

Who Owns Society Mortgage?

Knowing who owns or runs a company can help shed light on whether it is reputable and how it may be run.

Because Society Mortgage is not a publicly traded business, it can be considered a private company. You may not always be able to learn who owns it, but a group of professionals in the mortgage space are leading its lending and loan servicing activities.

If you want detailed ownership information, you can typically find it through:

• The lender's page: Lenders groups will usually have a section on their website that explains who is running it.
• Licensing board websites: Every state has some type of regulatory body that oversees financial institutions. These websites usually have lookup services for financial institutions & mortgage companies.
• Ask the banker questions: If they catch you on the phone, always ask the loan officer for more details and ask who owns the bank.
• Face to a name: It just helps to know who is running the show and to whom you are sending thousands of dollars.

Final Thoughts on Society Mortgage

It can be hard to find the right mortgage lender for you, so you have to do your homework. Society Mortgage is a respectable mortgage lender that can provide home loans, refinancing, and loan servicing.

If you are considering them, you should look into the company and see what they can offer. Do some research and comparison of Society Mortgage and others to see if they may be the mortgage lender for you. Remember, the more you know, the better the decision you make and the less daunting the mortgage process will be.