PSMH Announces Association with Costco
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."
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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.
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.
Ron W. Hanna, President and CEO
SOURCE PSM Holdings, Inc.