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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 posts Tagged ‘Financials’
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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PSMH BRINGS ON NEW BRANCH OWNER
February 18th, 2009
Tammy Howard Opens PSM Office which will operate business in California and Georgia
(Roswell, NM, 2/18/09) ó PrimeSource Mortgage, Inc. (PSMI) continues to expand its operations across the country. PSMI proudly announces the opening of a new independently owned and operated (PSM) Branch. Tammy Howard has tremendous experienced in the industry, is very well established in several states and is the newest PrimeSource Mortgage branch owner.
Tammy brings over 20 years of experience and knowledge in the mortgage industry to PrimeSource Mortgage. Tammy began in the mortgage industry as a Loan Processor, quickly became a Loan Officer and has 10 plus years of experience as a Branch Manager of a top producing brokerage office. Tammy received a B.S. in Business Management from the University of Maryland and is also a licensed CPA.
Tammy is well networked in several states due to her husbandís long term career in the United States Army. Tammy will operate business in both California and Georgia, with her existing teams already in place. Tammy now resides in Roanoke, VA after her husband recently retired from the Army. Once PSM is licensed in Virginia Tammy will begin originating in Virginia as well. Tammy will cover a three state territory and is well equipped for the challenge.
Incorporated in 1991 in Texas, PrimeSource Mortgage, Inc. quickly became a leading mortgage company in the Southwest and is currently licensed in 21 states. One reason for the growth and success of this company is its commitment to personalized customer service embodied in the motto: We Walk You Home. Because the mortgage process is so complex and often confusing, the company has chosen to walk hand-in-hand with each client through the entire process.
PSM Holdings, Inc. (PSMH), the parent company, is a publicly traded company; over-the-counter (OTC) shares became available in October, 2005. Jeffrey Smith, President & CEO, said, ìWe are excited about the continued growth we are seeing in our company. Tammy is yet another great example of the high quality of individuals joining our network which strengthens our branch ownership ranksî.
Jeffrey R. Smith President and CEO 575-624-4170 jeff@wewalkyouhome.com
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 CONTINUED GROWTH
June 2nd, 2008
(Roswell, NM, 06/02/08) ó PrimeSource Mortgage, Inc. (PSMI) continues to grow despite the difficult economic times. PSMI has signed 12 new PSM offices over the past 120 days.
PSMI is licensed in 21 states with physical offices in 8 of those states. PSMI continues to grow their lender pool with the addition of 15 new lenders on board in just the last 90 days.
PSMI has several strategic alliances which continue to reflect strong growth as well. NWBO has just completed a 6 month renovation of their Interactive Voice Response system that now offers world class Enterprise level solutions exclusively to PrimeSource Branches and their Realtor, Builder and For Sale by Owner partners across the country. The result is that this alliance program has enjoyed a 35% growth in the last 60 days. That growth will translate into additional mortgage revenues in the near future.
Deb Erickson, owner of ICAN Institute, continues to travel the country as an ambassador for PSMI speaking to hundreds of people each month about the power and potential of PSMI and their motto to ìwalk their customers home.î As a result, PSMIís revenues have increased four consecutive months, from Jan through April.
Due to the growth PSMI has experienced over the past 120 days PSMI is implementing a new Point Data Server to centralize their information. PSMI will also be rolling out new versions of the origination software, Calyx Point and Push MX to help streamline the marketing and loan origination process.
Incorporated in 1991 in Texas, PrimeSource Mortgage, Inc. quickly became a leading mortgage company in the Southwest and is currently licensed in 21 states. One reason for the growth and success of this company is its commitment to personalized customer service embodied in the motto: We Walk You Homeô. Because the mortgage process can be so complex and often confusing, the PSMI has chosen to walk hand-in-hand with each client through the entire process.
PSM Holdings, Inc. (PSMH), the parent company, is now a publicly traded company; over-the-counter (OTC) shares became available in October, 2005. Ron Hanna, Chairman of the Board, said, ìWe are excited about this because it offers our customers and staff the opportunity to own a part of our company.î
For local information call Jeff Smith, President & CEO at 505-624-4170 or jeff@wewalkyouhome.com
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