PSM Holdings, Inc. (PSMH) conducts its business operations through its wholly owned subsidiary, PrimeSource Mortgage, Inc. (PSMI) which began its mortgage brokerage operation in 1991. PSMI quickly became the leading mortgage company in the Southwest, and today there are more than two dozen individually owned and operated offices nationwide.
The network of branches will close an estimated 385 million dollars in home loans in 2007. PSMI generates revenues by originating mortgage loans that are funded by more than 75 national lenders from whom we are able to obtain the most competitive rates available. Therefore, our clients have the distinct advantage of accessing unique lending programs to better enhance their financing opportunities.
In October of 2005, PSMH announced that it has gone public with shares now available as Over the Counter (OTC) stock. Ron Hanna, Chairman of the Board, said that the primary reasons for going public are that “it affords PSMH the opportunity to grow more rapidly and it makes it possible for our staff, branch owners, customers, and investors to own shares in the Company.”
In preparation for this growth surge, the Company has obtained licenses in 15 states— Alaska, Arizona, Arkansas, Colorado, Florida, Indiana, Kansas, Michigan, Missouri, Nevada, New Mexico, Oklahoma, South Dakota, Tennessee, and Texas—with applications in various stages of the process in many more states. It is the goal of PSMI to serve clients from coast to coast.”
The Board of Directors of PSMH has established a fairly aggressive growth plan for both PSMI as well as PSMH. As shown under the Corporate Structure tab on this web site, the vision of PSMH is to build an integrated mortgage brokerage, mortgage banking, and mortgage investment firm. By selling its shares to private investors, the Company will be able to raise capital. PSMH will then lend out the capital in the form of mortgage loans. Through these private placement investments, the Company will be adding assets, value, and cash flow.
President Jeffrey R. Smith promised, “While experiencing this growth surge, PSMI holds firmly to its belief that Service and Relationships are the two most important issues when dealing with our customers. PSMI intends to continue growing while building lasting relationships with our customers, realtors, builders, and investors. Whether you’re our customer or whether we’re yours, PSMI is here to provide the very best in a mortgage product and service.”
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PSM Holdings, Inc., through its wholly owned subsidiary, PrimeSource Mortgage, Inc., offers mortgage brokerage and financial services. It acts as an agent or broker for mortgage lenders, as the lender or principal in loan transactions, as well as solicits and receives applications for secured and unsecured loans. As of May 12, 2006, it operated through 30 offices in New Mexico, Texas, Oklahoma, Colorado, Nevada, and Arizona. PSM Holdings was incorporated in 1991 and is based in Roswell, New Mexico.
http://www.psmholdings.com/
PRIMESOURCE MORTGAGE INC. C29475-2004 Active
ULTRA MOTORCYCLE COMPANY C1403-1997 Active
Par Share Count: 100,000.00 Par Share Value: $ 1.00
Actions\Amendments
Action Type: Reinstatement
Document Number: 20070105925-61 # of Pages: 1
File Date: 02/13/2007 Effective Date:
REIN
Action Type: Acceptance of Resident Agent
Document Number: 20070105926-72 # of Pages: 1
File Date: 02/13/2007 Effective Date:
(No Notes for this action)
Action Type: Initial List
Document Number: C29475-2004-002 # of Pages: 1
File Date: 11/08/2004 Effective Date:
List of Officers for 2004 to 2005
Action Type: Foreign Qualification
Document Number: C29475-2004-001 # of Pages: 3
File Date: 11/01/2004 Effective Date:
(No Notes for this action)
In April of 2006, PSM Holdings, Inc. signed an exclusive license agree- ment with NationwideByOwner, Inc. (NWBO), one of the nation’s fore- most Web-based For-Sale-By-Owner companies. This new agreement guarantees thousands of Internet-based mortgage leads that will be processed in a PSMH national processing center. NWBO has also developed a program whereby branch owners can use the "brilliant yellow sign" in their own communities to gain new leads.
In 2000, two entrepreneurs became the owners and operators of NationwideByOwner, Inc. President Bob Duane and Vice President Cary Hise, both with many years of experience in the realty arena, have big plans for the expansion of their Internet company.
Because NWBO and PSMH share core values, we can operate as one unit bringing added value to both our customers. This strategic alliance will also become a lead-generating tool for our entire PrimeSource Mortgage network.
Roswell, NM, 2/26/07) — PrimeSource Mortgage, Inc. (PSMI) proudly announces the opening of its twelfth independently owned and operated PrimeSource Mortgage (PSM) branch in the State of Texas. On February 1, 2007, the office in Highland Village, Texas, at 2000 Highland Village Road Ste B, opened its doors for business. Darren Speck, already well-established in this community, is the owner and operator of this new PSM branch.
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