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.
"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.
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.