OKLAHOMA CITY, Jan. 31,
2014 /PRNewswire/ -- PSM Holdings, Inc. (OTCBB: PSMH),
announces the roll out of several key initiatives at the
PrimeSource Mortgage, Inc. annual conference.
(Logo: http://photos.prnewswire.com/prnh/20130725/PH53465LOGO
)
"The conference has always been a great venue to discuss current
Company initiatives with our production personnel, and this year
was even more important as we rolled out our fully delegated
underwriting platform," stated Jeffrey
Smith, Chairman, PSM Holdings, Inc. and President and CEO of
PSMI.
Under the leadership of David
Villarreal, Jr., President of the Western States, PSMI began
closing loans in California as a
full correspondent lender in October, 2013. During the fourth
quarter, the Company also invested capital and resources to upgrade
the loan origination system to allow for the functionality required
as a full correspondent lender. "David and the entire team
have done a wonderful job in preparing our systems for our next
level of growth and maturity. The economics surrounding our
delegated platform have proven promising as we now have multiple
additional conduits in which to further monetize each loan
transaction. We are excited to offer our fully delegated
underwriting platform company wide on February 1, 2014," stated Kevin J. Gadawski, President, PSM Holdings,
Inc.
Mr. Smith added, "This year's conference was exceptionally
productive as we invited a number of prospective recruits who all
had the opportunity to learn more about our Company, its culture
and our vision for growth. We anticipate that many of these
recruits will be joining our team over the next several
weeks."
About PSM Holdings, Inc.
PSM Holdings,
Inc., through its wholly owned subsidiary, Prime Source Mortgage,
Inc. (PSMI) provides mortgage brokerage and banking services
across the United States.
PSMI is currently licensed in numerous states across the
United States, and oversees the
operations of more than 35 branches. For more information,
visit http://www.psmholdings.com. To access the
Company's most recent investor presentation visit.
http://ir.stockpr.com/psmholdings/profile.
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 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.
SOURCE PSM Holdings, Inc.