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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 ‘PSM Holdings’
PSM Holdings, Inc. Subsidiary Reports 21 Percent Increase in Second-Quarter Revenue
March 23rd, 2010
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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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
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
PSMI OPENS ANOTHER OFFICE IN NEW MEXICO
September 26th, 2007
Tammy Bowen Opens PSM Office
(Roswell, NM, 9/26/07) ó PrimeSource Mortgage, Inc. (PSMI) continues to open branches Nationwide. PSMI proudly announces the opening of an independently owned and operated PrimeSource Mortgage (PSM) Branch in Hobbs and Lovington, New Mexico. Tammy Bowen, already well-established in the community, and already an existing owner of the Carlsbad, NM office is expanding and will be the owner and operator of this new PSM branch.
Bowen attended the Carlsbad Independent school district as a child, went on to attend the New Mexico State University in Las Cruces and is well qualified to head up this mortgage-lending office.
After working at Wells Fargo Bank in the mortgage loan department, Bowen decided she wanted to spend more time in a family run business. In 1995, Bowen and her husband, Bobby, started a financial planning business. They have decided to take that next step toward owning a second business that will go hand in hand with their current business.
Bowen believes there are many advantages to being a part of the PSM family. ìBecause PSMI has a stable of 80 qualified lenders, I do not have to worry about trying to locate and find lenders with special programs or better pricing,î said Bowen. ìI like the backing of a larger company with programs to put me above the competition, such as the NWBO platforms and PUSHMX. I appreciate that PSMI is also licensed outside of New Mexico which expands my own outreach.î
Incorporated in 1991 in Texas, PrimeSource Mortgage, Inc. quickly became a leading mortgage company in the Southwest and is currently licensed in 24 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 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
Jeffrey R. Smith President and CEO 575-624-4170 jeff@wewalkyouhome.com
PSMI OPENING CARLSBAD NM OFFICE
September 26th, 2007
Tammy Bowen Opens PSM Office
(Roswell, NM, 9/26/07) ó PrimeSource Mortgage, Inc. (PSMI) continues to open branches Nationwide. PSMI proudly announces the opening of an independently owned and operated PrimeSource Mortgage (PSM) Branch in Carlsbad, New Mexico, at 102 W Hagerman. Tammy Bowen, already well-established in the community, is the owner and operator of this new PSM branch.
Bowen attended the Carlsbad Independent school district as a child, went on to attend the New Mexico State University in Las Cruces and is well qualified to head up this mortgage-lending office.
After working at Wells Fargo Bank in the mortgage loan department, Bowen decided she wanted to spend more time in a family run business. In 1995, Bowen and her husband, Bobby, started a financial planning business. They have decided to take that next step toward owning a second business that will go hand in hand with their current business.
Bowen believes there are many advantages to being a part of the PSM family. ìBecause PSMI has a stable of 80 qualified lenders, I do not have to worry about trying to locate and find lenders with special programs or better pricing,î said Bowen. ìI like the backing of a larger company with programs to put me above the competition, such as the NWBO platforms and PUSHMX. I appreciate that PSMI is also licensed outside of New Mexico which expands my own outreach.î
Incorporated in 1991 in Texas, PrimeSource Mortgage, Inc. quickly became a leading mortgage company in the Southwest and is currently licensed in 24 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 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
Jeffrey R. Smith President and CEO 575-624-4170 jeff@wewalkyouhome.com
PSM HOLDINGS INTENDS TO BECOME A FULLY REPORTING COMPANY
June 10th, 2007
(June 2007) ñ Roswell, New Mexico ñ PSM Holdings (Ticker Symbol: PSMH), today announced intentions to become a fully reporting company and moving the company from the pink sheets to the OTCBB trading arena.
The company has retained the services of Ron Vance, Attorney At Law to direct the potential move and handle all the required paperwork.
Jeffrey R. Smith, President & CEO stated, ìThis potential move from the pink sheets to the OTCBB is a very important plateau for the company as it demonstrates to our shareholders and the public that we are serious and very committed in our goal of moving the company forward. We will announce updates as they occur on a regular basis regarding the progress we are making, upon completion of the required audit, we will then immediately be filing the necessary documents with the SEC to become fully reporting and trading on the OTCBB.”
PrimeSource Mortgage, Inc., a wholly owned subsidiary of PSM Holdings Inc, acts as an agent or broker for mortgage lenders in real estate mortgage loan transactions, and solicits and receives applications for secured loans. PSM Holdings is a publicly traded company under the ticker symbol PSMH.
PrimeSource Mortgage is licensed in twenty-one states: Alaska, Arizona, Arkansas, California, Colorado, Florida, Indiana, Kansas, Louisiana, Oklahoma, Michigan, Minnesota, Missouri, Nebraska, New Mexico, Nevada, Tennessee, South Dakota, Texas, Vermont and Wyoming.
This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of PSM Holdings.Inc, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Jeffrey R. Smith President and CEO 575-624-4170 jeff@wewalkyouhome.com
Jeffrey R. Smith Nominated for Prestigious Award
May 25th, 2007
Ernst & Young Celebrates Entrepreneurs
(Roswell, NM, 5/25/2007) ó For more than two decades Ernst & Young has been celebrating entrepreneurs and the businesses they build and grow. Through their distinguished tradition of selecting Ernst & Young Entrepreneur of the YearÆ, the company honors the most successful and innovative entrepreneurial business leaders in more than 40 countries around the globe.
This prestigious award recognizes the men and women who excel at what they doópioneers and innovators in their fields. The judging criteria includes an assessment of recent financial performance, strategic direction, product or service innovation, company leadership including personal integrity, values, and key employee initiatives, as well as community involvement.
In March, 2007, Jeffrey R. Smith, President and CEO of PrimeSource Mortgage, Inc. headquartered in Roswell, New Mexico, was notified that he had been nominated for this extraordinary award by James G. Stewart, Private Client Advisor for Banc of America Investment Services of Albuquerque, New Mexico.
The nominee must be an independent thinkeróa man or woman with high standards relating to himself or herself as well as the businessóand exhibit great determination to be successful. Persevering in the face of adversity, overcoming obstacles, and willing to take risks in the face of uncertainty are also required characteristics of a nominee.
Jeff Smith certainly met these criteria in his personal life and as he grew PrimeSource Mortgage from a small one-branch mortgage shop to a public company that has 26 branches throughout seven states and is licensed in 21 states where he soon hopes to open PSM branches. His goal is to have 40 branch locations by the end of 2007.
Early in his banking career, Jeff took significant risk by giving up a stable, long-term, W-2 wage-earning senior position with the banking industry to embark 100% into self-employment in a related industry where he would compete directly against the very stable industry he just left.
PrimeSource Mortgage began in 1991 when it was incorporated in Texas. Jeff opened his own branch in Roswell, New Mexico, and later became the owner and president in 1999. In the very beginning, Jeff developed the customer-service policy: We Walk You Home ô, which is still a high priority with him and all his branch owners today. By October 2005, the company went public and began trading shares on the ìover-the-counterî market, allowing every branch owner, customer, and investor an ownership position in the company. The company remains debt-free and, in spite of the down-turn in the housing business, PrimeSource Mortgage is continually expanding its operation.
Finalists and winners in the 26 regional ìEntrepreneur Of The Year 2007î programs across the United States will be announced at regional banquets held throughout the country during the summer months. Regional award recipients are eligible to participate in the national ìEntrepreneur Of The Yearî awards, which will take place in Palm Springs, California, in November.
Jeffrey R. Smith President and CEO 575-624-4170 jeff@wewalkyouhome.com
PSMI LICENSED IN LOUISIANA
April 25th, 2007
21 States Now on Board
(Roswell, NM, 4/25/07) ó PrimeSource Mortgage, Inc. (PSMI) is proud to announce that it has gained a license to do business in Louisiana on April 19, 2007. This is our 21st state in which we are now qualified to open PSM offices.
PSMI was incorporated 16 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-one states now under the umbrella of PrimeSource Mortgage, Inc. include the following: Alaska, Arizona, Arkansas, California, Colorado, Florida, Indiana, Iowa, Kansas, Louisiana, Michigan, Minnesota, Missouri, Nebraska, New Mexico, Nevada, Oklahoma, South Dakota, Tennessee, Texas, and Wyoming.
Jeffrey R. Smith President and CEO 575-624-4170 jeff@wewalkyouhome.com
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