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Del.icio.usROSWELL, N.M.–(BUSINESS WIRE)–PSM Holdings, Inc. (OTCBB: PSMH), a leading mortgage brokerage and banking company with more than 30 independently owned branches across the United States, today announced that its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI), reported a 21 percent increase in revenue for the three months ended December 31, 2009, over the comparable period in 2008.
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PSM Holdings, Inc. Newsroom Archive for the ‘Financials’ Category
PSM Holdings, Inc. Subsidiary Reports 21 Percent Increase in Second-Quarter Revenue
March 23rd, 2010
PSM Holdings, Inc. Announces Dramatic Increase in Revenue
December 10th, 2009
ROSWELL, N.M. 12-10-2009–(BUSINESS WIRE)–PrimeSource Mortgage, Inc. (PSMI) announces increase in revenues for the month of October, 2009.
Gross revenues increased from 218,407.37 to 335,530.62 from September, 2009 to October, 2009. This significant increase of over 53% in only one month is due primarily to the new branches that have been brought in over the past several months. They are mature branches with years of experience behind them. Also, improving factors in the real estate markets have increased the number of applications.
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PSM Holdings, Inc. Receives Approval to Begin Trading on the OTC Bulletin Board
October 26th, 2009
PSM Holdings, Inc. (OTC Bulletin Board: PSMH, a leading mortgage brokerage and banking company with more than 30 independently owned branches across the United States, today announced that it has received approval from the Financial Industry Regulatory Authority (FINRA), and is eligible for quotation and trading on the Over-the-Counter Bulletin Board (OTCBB) under the same ticker symbol effective October 26, 2009.
“The listing of our stock on Over the Counter Bulletin Board represents the first of several building blocks to position the Company for future growth,” said Jeffrey Smith, President and Chief Executive Officer of PSM Holdings, Inc.
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PSM Holdings, Inc. (PSMH) Announces New Branches and Continued Growth
September 25th, 2009
(Roswell, NM, 09/25/09) ó PrimeSource Mortgage, Inc. (PSMI) continues to grow nationally. During this month of September, the company is announcing the opening of three (3) new branches across the country, and three more offices are in final stages with an expectation of opening by October 31, 2009.
First, located in Texarkana, Texas, Julie McCown and her team come highly recommended to PrimeSource Mortgage by one of PSMís top lenders in the State of Texas. Julie brings with her years of experience and a wide array of knowledge in originating conventional, FHA, VA, Construction and Rural Development loans.
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PSM ANNOUNCES EXPANDING OFFICES
June 3rd, 2009
(Roswell, NM, 06/03/09) ó PrimeSource Mortgage, Inc. (PSMI) continues to grow despite the difficult economic times. PSMI is licensed in 21 states with physical offices in 9 of those states.
PSMI has recently expanded their Flower Mound office into two offices, Flower Mound and Keller.
The Flower Mound office will continue to be owned and operated by Bob Scheinman while the Keller office will be owned and operated by Scott Chronister. With the growing business of their Flower Mound office Bob and Scott felt that they could help more customers by forming two offices in order to expand their presence in the DFW Metroplex.
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PrimeSource Mortgage, Inc. (PSMI) holds annual conference.
February 5th, 2009
PrimeSource Mortgage, Inc. (PSMI) held its annual conference on February 5-7 at the beautiful Embassy Suites, located on Lomas & I-25 in Albuquerque, NM. The conference was a complete success. There was significant training that took place along with exciting activities, including incredible life-changing speakers, and a formal awards banquet on Friday evening. The theme for the conference was ìShoot for the Starsî.
Over 100 participants attended the 17th annual conference in Albuquerque. A realtor trac was included to the packed full agenda this year. The agenda allowed for the various branch owners to invite their referral partners in the real estate industry to attend specific break-out sessions relative to their industry. In addition, there were many other break-out sessions designed for the branch owners and staff of the 30 plus branch offices now operating across the nation.
Bill Bates, NFL All-Pro and Super Bowl Champion, was the keynote speaker. Bill shared his amazing football career with the participants and how he overcame his personal obstacles to reach his dream on one basic image ñ a starÖbut not just any star. The star he was reaching for was none other than the one on the helmets of the Dallas Cowboys. In 1983, Bill fulfilled his life-long dream by making the Dallas Cowboys as a long shot free agent rookie. Billís life gave each participant a stepping stone to shoot for their own ìpersonalî star!
Jeffrey R. Smith President and CEO 575-624-4170 jeff@wewalkyouhome.com
Jeffrey R. Smith Earns Lending Integrity Seal of Approval
January 5th, 2009
Achieves Status For Professionalism in the Mortgage Business
Dallas, TX ñ 1/5/09 ñ PrimeSource Mortgage today announced that Jeffrey R. Smith has earned the Lending Integrity Seal of Approval from the National Association of Mortgage Brokers (NAMB). The new seal recognizes individual brokers and loan officers who meet the industryís highest standards for knowledge, professionalism, ethics and integrity.
ìI am proud to bestow this symbol of excellence on Jeff Smith,î said George Hanzimanolis, President of the National Association of Mortgage Brokers. ìBy earning this recognition, Jeff has demonstrated a strong commitment to achieving the highest ethical standards in the mortgage business.î
In order to display the Lending Integrity Seal, a broker or loan officer must:
∑ Pass a national criminal background check.
∑ Possess a state license or registration.
∑ Submit three business references
∑ Attend professional education, including ethics training.
∑ Live up to NAMBís Code of Ethics and Standards of Best Business Practices
∑ Pledge to abide by NAMBís formal ethics grievance review process.
When a loan officer or broker displays the Seal, it means they have voluntarily met the only national standards for mortgage originators, established by the National Association of Mortgage Brokers.
ìThe Lending Integrity Seal of Approval is transforming the mortgage industry,î Hanzimanolis said. ìWe believe it will soon become to the mortgage industry what the Good Housekeeping Seal of Approval is to the makers of consumer products.î
For more information on the Lending Integrity Seal of Approval, visit www.lendingintegrity.org
Jeffrey R. Smith President and CEO 575-624-4170 jeff@wewalkyouhome.com
PSM Holdings, Inc. (PSMH) executes memorandum of understanding (MOU)
October 21st, 2008
Referencing the planned execution of a merger agreement
(Roswell, NM, 10/21/08) ó PSM Holdings, Inc. (PSMH) executes memorandum of understanding (MOU) referencing the planned execution of a merger agreement.
This agreement would combine two outstanding financial services companies bringing PSMH to a highly sought after, financially strong and efficient company.
PSMH anticipates an acquisition of Complete Financial Services, Inc. (CFSI) which combined with its already wholly-owned PrimeSource Mortgage, Inc. (PSMI), would bring a total combined 122 offices in approximately thirty (30) states and allow for the company to expand into a position to seek favored status with the U.S. Government ìBail-outî program.
CFSU provides many different financial services including title and escrow services, a complete mortgage processing organization, as well as nearly 100 mortgage origination offices throughout the country, which will allow for significant savings to its client base by offering ìone-stopî shopping.
Neither company, CFSI or PSMI, was affected by the highly publicized sub-prime lending debacle. Each was fortunate to not have any bad loan assets on their books. This again, allows for the combined new entity to surface in a clean, strong fashion positioned moving strongly, and profitably into the future.
PSMH was successful in negotiating a national marketing campaign to promote this new combined company effort to be kicked off in Tampa at the Super Bowl in late January.
PSMH has made application, and is presently in the ìcomment periodî with the SEC to become a fully-reporting company listed on the bulletin board. This bold move only goes to the long-term vision of this company and the positive direction management has chosen to take this company.
ìWe are excited about the many possibilities with regards to this potential merger. Many impending strategies including opening doors to the licensing in all 50 states are already being pursuedî, said Ron Hanna, PSMH Chairman of the Board.
ìOur new team and direction will be aggressive, and yet most prudent. We will reach out and bring in independent brokers and other smaller companies under our umbrella to continue to strengthen our companyî, Hanna added.
ìThis is only the first step of many positive ones to come for these companies. We anticipate more news in the coming days aheadî, Hanna concluded.
For local information call Jeff Smith, President & CEO at 575-624-4170 or jeff@wewalkyouhome.com
PSMI ANNOUNCES LICENSE FOR WASHINGTON STATE
October 8th, 2008
(Roswell, NM, 10/08/08) ó PrimeSource Mortgage, Inc. (PSMI) is proud to announce that it has gained a license to do business in Washington State on September 26, 2008. PSMI is now licensed in 22 states across the nation.
PSMI was incorporated 17 years ago in the state of Texas. Under the strong, experienced management of Jeffrey R. Smith (President and CEO), the company quickly expanded to become the leading mortgage company in the Southwest. In 2005, this private company went public, allowing investors, customers, and staff to own shares in this rapidly growing company. Today PSMI is in the process of preparing for the next growth surge by becoming licensed in states from coast to coast.
The twenty-two states now under the umbrella of PrimeSource Mortgage, Inc. include the following: Alaska, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Iowa, Kansas, Louisiana, Minnesota, Missouri, Montana, Nebraska, New Mexico, Oklahoma, South Dakota, Tennessee, Texas, Washington and Wyoming.
PSMI has continued growth both operationally and financially. PSMI has just finished their third consecutive quarter of continued growth in revenues, during a most tumultuous year in the mortgage industry.
For local information call Jeff Smith, President & CEO at 575-624-4170 or jeff@wewalkyouhome.com
PSM Holdings, Inc. (PSMH) Clarifies and Defines Stock Availability
September 22nd, 2008
(Roswell, NM, 9/22/08) ó PSM Holdings, Inc. (PSMH) clarifies and defines stock availability due to recent inquiries.
Due to the recent activity and contacts from shareholders and new investors, the company called for an accounting of all stock issued and completed this accounting Friday, September 19, 2008.
Business Wire ñ September 22, 2008
PSM Holdings, Inc. (PSMH-OTC) has completed an interior accounting of its stock issue.
As of September 18, 2008, there are 1,318,553 shares available for trading. These shares are commonly referred to as the float. An additional 11,683,717 shares are issued and outstanding; however, non-tradable and restricted under Rule 144 of the Securities and Exchange Commission Rules and Regulations.
ìWith all the activity this past week and the multitude of calls, we felt an accounting was in order and decided to place it on this wire service for all to see,î said Jeffrey R. Smith, President and CEO of PrimeSource Mortgage, Inc., the wholly owned subsidiary of PSMH.
ìThe news this week was very good from Washington, and we are proud to not have been involved in Sub-Prime lending and thus dodged the bullet,î said Ron Hanna, Chairman of the Board.
ìWe have continued to grow our locations and have expanded into many new states and project a faster growth in the years ahead. Our insight into side stepping these type loans of questionable practices have put our company in a priority position in lending to qualified buyers,î Mr. Hanna added.
The government has stepped in to bail out 700 billion dollars in bad loans and mortgages. This money will be used to acquire bad debt, foreclosed property and continue to fund existing loans to qualified buyers.
Jeffrey R. Smith President and CEO 575-624-4170 jeff@wewalkyouhome.com
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