PSM Holdings, Inc. Newsroom Archive for the ‘PSMH’ Category

ROSWELL, N.M., Nov. 23, 2011 /PRNewswire/ — PSM Holdings, Inc. (OTCBB: PSMH-OB), is pleased to announce that its subsidiary, United Community Mortgage Corporation (UCMC) has been approved to join the family of preferred mortgage lenders on the Costco Mortgage Services platform operated and managed by First Choice Bank. The Costco Mortgage Services platform is available to all US Costco members totaling 22.9 million households. UCMC will become the tenth preferred lender that can provide mortgage services to the Costco membership.

UCMC’s office in Tulsa, Oklahoma, will be providing mortgage services beginning December 1, 2011. It is anticipated this new association with Costco will add significantly to the number of loans being originated in the Tulsa office. Initially, UCMC will service leads originated in Texas, New Mexico, and Missouri. At a later date, many other states will be added.

Jeff Smith, President of UCMC, stated, “It is an honor to be associated with a company like Costco. Being selected, after extensive vetting, speaks to the ‘world class’ service we are able to provide our customers. We look forward to a long and mutually successful relationship.”

For more information regarding this press release, please click on the link below.

http://www.psmholdings.com/newsroom/psmh-announces-association-with-costco

About PSM Holdings, Inc.
PSM Holdings, Inc., through its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI) provides mortgage brokerage and banking services across the United States. PSMI is currently licensed in many states across the United States, and oversees the operations of more than 30 branches. For more information, visit http://www.psmholdings.com.

Forward-Looking Statements:
Certain statements contained herein, including, without limitation, statements containing the words “believes,” “intends” and other words of similar import, constitute “forward-looking statements” within the meaning of Section 7A of Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include but are not limited to that we are in the process of furthering several of the key milestones we achieved last year and creating new growth opportunities for PSM Holdings, Inc. and its subsidiaries, and that we will continue to enter new projects and strategic partnerships in 2011. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of PSM Holdings, Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. PSM Holdings, Inc. disclaims any obligation to update or to announce publicly the results of any revision of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.

    Contact:

    Ron W. Hanna, President and CEO

    575-257-2339

   rhanna@wewalkyouhome.com

PSM Holdings, Inc. (OTCBB: PSMH-OB), has completed the acquisition of Iowa Mortgage Professionals, Inc. (IMP), effective November 1, 2011. At the closing, IMP was merged into UCMC, which is a wholly owned subsidiary of PSMI, and its parent company, PSMH. The principal of IMP, Mr. Randy Stevens, received 1,285,714 shares of PSMH for his equity in IMP. Mr. Stevens will serve as Vice President of UCMC and Regional Manger for the Iowa operations. The region will include Iowa, Wisconsin, Minnesota, Nebraska, Illinois, and Missouri. In addition, Mr. Stevens has been appointed to the Board of Directors of UCMC.

Randy Stevens stated, “I and my team believe this new partnership with PSMH will create new opportunities for us and allow for the future growth of our mortgage operations.” Ron Hanna, President and CEO of PSMH agreed, “We believe Randy’s organization is poised for significant growth and we are delighted to be a part of it. As I have mentioned before, we are very fortunate to be associated with such high quality individuals and to acquire a very professional and profitable mortgage firm. The completion of this transaction represents our fifth acquisition since March 15, and further increases our national retail footprint. We will continue forward with our aggressive acquisition model and our goal of increasing shareholder value.”

PSMH has filed an 8-K announcing this acquisition along with audited financial information pertaining to Iowa Mortgage Professionals, Inc.

For more information regarding this press release, please click on the link below.

http://www.psmholdings.com/newsroom/psm-holdings-inc-completes-acquisition-of-iowa-mortgage-professionals-inc

About PSM Holdings, Inc.
PSM Holdings, Inc., through its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI) provides mortgage brokerage and banking services across the United States. PSMI is currently licensed in many states across the United States, and oversees the operations of more than 30 branches. For more information, visit http://www.psmholdings.com.

Forward-Looking Statements:
Certain statements contained herein, including, without limitation, statements containing the words “believes,” “intends” and other words of similar import, constitute “forward-looking statements” within the meaning of Section 7A of Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include but are not limited to that we are in the process of furthering several of the key milestones we achieved last year and creating new growth opportunities for PSM Holdings, Inc. and its subsidiaries, and that we will continue to enter new projects and strategic partnerships in 2011. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of PSM Holdings, Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. PSM Holdings, Inc. disclaims any obligation to update or to announce publicly the results of any revision of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.

    Contact:

    Ron W. Hanna, President and CEO

    575-257-2339

   rhanna@wewalkyouhome.com

PSM Holdings, Inc. (OTCBB: PSMH-OB) has entered into an Agreement and Plan of Merger with Iowa Mortgage Professionals, Inc. (IMP). At closing, IMP will be merged into UCMC, a wholly owned subsidiary of PSMI, which is a wholly owned subsidiary of PSMH. The closing is scheduled for November 1, 2011.

Mr. Randy Stevens, the principal owner of IMP, will receive 1,285,714 shares of PSMH in exchange for all the outstanding equity shares of IMP. In addition, Mr. Stevens will be named a Vice President of UCMC and Regional Manager for the Iowa operations. The region will include, Iowa, Wisconsin, Minnesota, Nebraska, Illinois, and Missouri. Mr. Stevens will also become a member of the UCMC Board of Directors.

Ron Hanna, President and CEO of PSMH, commented; “I am so pleased to make this announcement. Randy and his entire team are exactly the type of mortgage operation we want to be associated with. His team will bring great value to our organization and I believe we can help him grow his operation substantially. I look forward to a long and prosperous relationship.”

For more information regarding this press release, please click on the link below.

http://www.psmholdings.com/newsroom/psm-holdings-inc-and-iowa-mortgage-professionals-inc-sign-definitive-agreement

About PSM Holdings, Inc.
PSM Holdings, Inc., through its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI) provides mortgage brokerage and banking services across the United States. PSMI is currently licensed in many states across the United States, and oversees the operations of more than 30 branches. For more information, visit http://www.psmholdings.com.

Forward-Looking Statements:
Certain statements contained herein, including, without limitation, statements containing the words “believes,” “intends” and other words of similar import, constitute “forward-looking statements” within the meaning of Section 7A of Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include but are not limited to that we are in the process of furthering several of the key milestones we achieved last year and creating new growth opportunities for PSM Holdings, Inc. and its subsidiaries, and that we will continue to enter new projects and strategic partnerships in 2011. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of PSM Holdings, Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. PSM Holdings, Inc. disclaims any obligation to update or to announce publicly the results of any revision of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.

    Contact:

    Ron W. Hanna, President and CEO

    575-257-2339

   rhanna@wewalkyouhome.com

PSM Holdings, Inc. (OTCBB: PSMH-OB), is pleased to announce it has entered into a Letter of Intent (LOI) to purchase Loanleaders of America, Inc.   Loanleaders is a very successful national mortgage banking firm with its headquarters located in Santa Ana, California.   Loanleaders is a designated, “Full-Eagle”, mortgage banking company currently licensed in seventeen states with pending licenses in ten additional states.

According to the terms of the LOI, Loanleaders of America, Inc., will be acquired by UCMC, a wholly owned subsidiary of Prime Source Mortgage, Inc., and its parent company, PSMH.  At the closing of the transaction, Loanleader’s two principal owners, Martin and Steven Foigelman, will receive 1,714,286 common shares of PSMH.   The closing of the transaction is subject to further negotiations and the execution of a definitive agreement between the parties.   The closing is scheduled to be completed before the end of year, 2011.

Ron Hanna, President and CEO of PSMH, stated; “We are so fortunate to have indentified another great company like Loanleaders.   Martin and Steven founded their company in 1998.  Over the years, they have built a truly remarkable company that has continued to grow each year.   The acquisition of Loanleaders will add dramatically to our national retail footprint and bring substantial value to our shareholders.”

For more information regarding this press release, please click on the links below.

http://www.psmholdings.com/newsroom/psm-holdings-inc-to-acquire-loanleaders-of-america-inc

About PSM Holdings, Inc.
PSM Holdings, Inc., through its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI) provides mortgage brokerage and banking services across the United States. PSMI is currently licensed in many states across the United States, and oversees the operations of more than 30 branches.  For more information, visit http://www.psmholdings.com.

Forward-Looking Statements:
Certain statements contained herein, including, without limitation, statements containing the words “believes,” “intends” and other words of similar import, constitute “forward-looking statements” within the meaning of Section 7A of Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include but are not limited to that we are in the process of furthering several of the key milestones we achieved last year and creating new growth opportunities for PSM Holdings, Inc. and its subsidiaries, and that we will continue to enter new projects and strategic partnerships in 2011. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of PSM Holdings, Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. PSM Holdings, Inc. disclaims any obligation to update or to announce publicly the results of any revision of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.

    Contact:

    Ron W. Hanna, President and CEO

    575-257-2339

   rhanna@wewalkyouhome.com

PSM Holdings, Inc. (OTCBB:PSMH-OB.ob – News), is pleased to announce it has entered into a Letter of Intent (LOI) to purchase Iowa Mortgage Professionals, Inc. Iowa Mortgage Professionals is a very successful mortgage banking and brokerage company based in Des Moines, Iowa.

According to the terms of the LOI, Iowa Mortgage Professionals, Inc., will be acquired by UCMC, a wholly owned subsidiary of Prime Source Mortgage, Inc., and its parent company, PSMH. At the closing of the transaction, Iowa Mortgage Professionals shareholder, Randy Stevens, will receive common shares of PSMH. The closing of the transaction is subject to further negotiations and the execution of a definitive agreement between the parties. The closing is tentatively scheduled for October 1, 2011.

Jeffrey R. Smith, President/CEO of UCMC and VP of PSMH, commented, “What a pleasure it is to be associated with such a high quality operation like Iowa Mortgage Professionals. Randy Stevens and his entire team will bring tremendous value to our organization. We look forward to a long and mutually beneficial relationship.”

For more information regarding this press release, please click on the link below.

http://www.psmholdings.com/newsroom/psm-holdings-inc-to-acquire-iowa-mortgage-professionals-inc

About PSM Holdings, Inc.
PSM Holdings, Inc., through its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI) provides mortgage brokerage and banking services across the United States. PSMI is currently licensed in 19 states across the United States, and oversees the operations of more than 30 branches. For more information, visit http://www.psmholdings.com.

Forward-Looking Statements:
Certain statements contained herein, including, without limitation, statements containing the words “believes,” “intends” and other words of similar import, constitute “forward-looking statements” within the meaning of Section 7A of Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include but are not limited to that we are in the process of furthering several of the key milestones we achieved last year and creating new growth opportunities for PSM Holdings, Inc. and its subsidiaries, and that we will continue to enter new projects and strategic partnerships in 2011. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of PSM Holdings, Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. PSM Holdings, Inc. disclaims any obligation to update or to announce publicly the results of any revision of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.

    Contact:

    Ron W. Hanna, President and CEO

    575-257-2339

   rhanna@wewalkyouhome.com

PSM Holdings, Inc. (OTCBB: PSMH-OB) has completed the acquisition of Fidelity Mortgage Inc., effective August 8, 2011. Fidelity Mortgage is located in Grand Junction, Colorado. At the closing, Fidelity Mortgage, Inc., was merged into UCMC, which is a wholly owned subsidiary of PSMI, and its parent company, PSMH. The principals of Fidelity Mortgage, Mr. James Pulsipher and Mr. Jared Peterson,, received 1,785,714 shares of common stock of PSMH for their equity in Fidelity Mortgage. Mr. Pulsipher will also sit on the board of directors of UCMC. In addition, PSMH has signed a letter of intent to purchase FMC Properties, LLC., which is the holding company that owns the Fidelity Mortgage building located at, 700 Belford Avenue, Grand Junction, Colorado.

Fidelity Mortgage has been doing business in Grand Junction since 1986. According to the terms of the agreement, Mr. Pulsipher will continue to lead the Grand Junction mortgage operation for PSMI. In addition, the Grand Junction offices will serve as the regional corporate offices and lending center for Prime Source Mortgage. This region consists of current and any new offices in Colorado, Idaho, Utah, Montana, North and South Dakota, and Wyoming.

Mr. Pulsipher stated, “We believe this new partnership with PSMH will create new opportunities for us and allow us to substantially grow our lending platform. At the same time, we look forward to continuing to provide the world-class service our clients and customers have come to expect.” Ron Hanna, CEO of PSMH, stated, “We are so fortunate to bring on a company of the caliber of Fidelity. James, Jared and the rest of their team have taken customer service to a new level and they will add significantly to the PSM family and motto of, “We Walk You Home”. This acquisition represents
one more step in our goal of becoming one of the premier mortgage banking
companies in the US.”

For more information regarding this press release, please click on the links
below.

http://www.psmholdings.com/newsroom/psm-holdings-inc-acquires-fidelity-mortgage-inc

About PSM Holdings, Inc.
PSM Holdings, Inc., through its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI) provides mortgage brokerage and banking services across the United States. PSMI is currently licensed in 19 states across the United States, and oversees the operations of more than 30 branches. For more information, visit http://www.psmholdings.com.

Forward-Looking Statements:
Certain statements contained herein, including, without limitation, statements containing the words “believes,” “intends” and other words of similar import, constitute “forward-looking statements” within the meaning of Section 7A of Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include but are not limited to that we are in the process of furthering several of the key milestones we achieved last year and creating new growth opportunities for PSM Holdings, Inc. and its subsidiaries, and that we will continue to enter new projects and strategic partnerships in 2011. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of PSM Holdings, Inc. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. PSM Holdings, Inc. disclaims any obligation to update or to announce publicly the results of any revision of the forward-looking statements contained or incorporated by reference herein to reflect future events or developments.

    Contact:

    Ron W. Hanna, President and CEO

    575-257-2339

   rhanna@wewalkyouhome.com