PSM Holdings, Inc. Newsroom posts Tagged ‘PSMH’

PSMI Opens New Office in Spokane, WA

August 31st, 2010

Roswell, NM, August 31, 2010

PrimeSource Mortgage, Inc. (PSMI), a leading mortgage brokerage and banking company, and a wholly owned subsidiary of PSM Holdings, Inc. (OTCBB: PSMH) today announced the opening of a new office in Spokane, WA.† This marks the first PrimeSource Mortgage office in the state of Washington.

This new office will be led by Carla Scott-Durheim, a highly-respected mortgage professional with more than 20 years of industry experience.† Since 1990, Carla has perfected her mortgage lending practices and created an enormous amount of goodwill with her name in her community.

ìCarla is a highly sought after mortgage professional and we are excited to have her join the PrimeSource Mortgage team,” said Jeffrey R. Smith, President and CEO of PSM Holdings, Inc. †”She will add great value to the entire organization and her office will be instrumental in helping to build the PrimeSource Mortgage brand in the Northwest.”

PSMI is currently licensed in 17 states, and has 30+ branch offices across the United States.† PSMI has an aggressive growth model for 2010 to expand its network across the country.

One reason for PSMIís continued growth and success is its commitment to personalized customer service embodied in the motto: We Walk You Home.† PSMI offers its clients a personalized experience and walks hand-in-hand with each client through the entire process.

ìOur commitment to growth and unprecedented customer service has enabled us to attract some of the best mortgage professionals in the country, and consistently expand our national footprint,î said Smith. “The addition of the latest PSMI office in Spokane that is led by a respected industry veteran like Carla, is a perfect example of how we have been able to grow in spite of the challenging market conditions.”

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 17 states from Florida to California, and oversees the operations of 30+ branches across the United States. 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 2009. 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:
††† Jeffrey R. Smith, President and CEO
††† 575-624-4170
††† jeff@wewalkyouhome.com
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Posted in Branches

PSMI Opens New Office in Southlake, TX

August 17th, 2010

Roswell, NM, August 17, 2010

PrimeSource Mortgage, Inc. (PSMI), a leading mortgage brokerage and banking company, and a wholly owned subsidiary of PSM Holdings, Inc. (OTCBB: PSMH) today announced the opening of a new office in Southlake, TX.

This new office will be led by experienced mortgage professional, Joanne Tucker. In addition to being a mortgage professional for the last 17 years, Tucker is a former President and Executive Board Member of the Dallas/Ft. Worth Association of Mortgage Professionals.

ìWe are able to attract the top mortgage professionals from around the United States because of our focus on customer service,” said Jeffrey R. Smith, President and CEO of PSM Holdings, Inc. “The addition of Joanne Tucker to the PrimeSource Mortgage network also offers us name recognition in the Dallas/Ft. Worth Metroplex.”

PSMI currently has more than 30 branches across 17 states, and is finalizing licensing in the state of Virginia.

“We expect Dallas/Ft. Worth to be a key market for PSMI, and we have an experienced staff of mortgage professionals at each of our Dallas/Ft. Worth branches to help drive our growth in the region,” said Smith.

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 17 states from Florida to California, and oversees the operations of more than 30 branches across the United States. 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 2009. 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.

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Posted in Branches, PSMI

PSMI Opens New Office in Grand Prairie, TX

August 11th, 2010

Roswell, NM, August 11, 2010

PrimeSource Mortgage, Inc. (PSMI), a leading mortgage brokerage and banking company, and a wholly owned subsidiary of PSM Holdings, Inc. (OTCBB: PSMH) today announced the opening of a new office in Grand Prairie, TX.

This new office will be led by highly-respected Texas mortgage professional, Keith Krop.† Keith has served as a Texas mortgage broker for many years and is well-known in his community.

ìKeith will bring value to the entire organization,” said Jeffrey R. Smith, President and CEO of PSM Holdings, Inc.† “The addition of his office marks the second office PrimeSource has added to the Dallas/Ft. Worth Metroplex in the last 30 days.”

PSMI is currently licensed in 17 states, and has more than 30 branch offices across the United States.† PSMI is currently finalizing licensing in the state of Virginia, which will bring its licensing to a total of 18 states.† PSMI has an aggressive growth model for 2010 to expand its network across the country.

One reason for PSMIís continued growth and success is its commitment to personalized customer service embodied in the motto: We Walk You Home.† PSMI offers its clients a personalized experience and walks hand-in-hand with each client through the entire process.

ìWe believe we are in the nascent stages of a recovery in the mortgage industry,” said Smith. “We have been able to aggressively expand our presence across the U.S. largely because of an uptick in loan originations at our network of branches. Key markets in the southwestern U.S. are beginning to show signs of life again, and we are well-positioned to capture new business.”

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 17 states from Florida to California, and oversees the operations of more than 30 branches across the United States. 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 2009. 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.

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Posted in Branches, PSMH, Prime Source Mortgage Holdings

PSM Holdings, Inc. to Acquire CBB, Inc.

June 14th, 2010

Roswell, NM, June 14, 2010

PSM Holdings, Inc. (OTCBB: PSMH-OB), a leading mortgage brokerage and banking company in the Southwest, is pleased to announce that it has signed a Letter of Intent (the ìLOIî) to acquire CBB, Inc. (ìCBBî). CBB is an Oklahoma based management company that operates a successful regional mortgage banking firm in the Southwest.

Under the terms of the LOI, upon closing of the transaction, CBB shareholders would receive common shares from PSMH representing approximately 70% of the outstanding shares of PSMH stock and CBB would become a wholly owned subsidiary of PSMH. Also at closing, the Board of Directors would be restructured maintaining Ron Hanna and Jeffrey Smith on the board, and adding the principals of CBB and a designee of CBB. Closing of the transaction is expected to take place in July 2010.

Closing of the transaction is subject to further negotiations and execution of a definitive agreement between the parties. The definitive agreement will contain customary representations and warranties of the parties and standard conditions to closing. The shares to be issued in this transaction will not have been registered under the Securities Act and may not be offered or sold absent registration or an applicable exemption from registration requirements.

Jeffrey R. Smith, President of PSMH, commented, ìI am very excited about this acquisition for the company. This will give PSMH the opportunity for exponential growth at the very time mortgage markets are rebounding.”

Forward Looking Statements

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the companyís ability to close the disclosed transaction. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.

Contact:

Jeffrey R. Smith
President and CEO
575-624-4170
jeff@wewalkyouhome.com

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Posted in PSMH, Strategic Partnerships

PSM Holdings, Inc. Subsidiary Reports 21 Percent Increase in Second-Quarter Revenue

March 23rd, 2010

ROSWELL, 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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Posted in Financials, PSMH

PSMI 18TH ANNUAL CONFERENCE IN ALBUQUERQUE, NM

February 2nd, 2010

(Roswell, NM, 02/02/10) ó†Last weekend, PrimeSource Mortgage, Inc. held their eighteenth (18th) annual conference.† There were over 120 participants attending including the majority of the branch owners from the 35 offices around the country, as well as many of their Realtor referral partners.† The conference was a monumental success, and considered the best ever.
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Posted in PSMI Annual Conference

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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Posted in Financials, PSMH

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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Posted in Financials, PSMH, Prime Source Mortgage Holdings

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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Posted in Branches, Financials

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

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Posted in Financials, PSMH
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