PrimeSource Mortgage (PSMI), a mortgage brokerage and banking company, and a wholly owned subsidiary of PSM Holdings, has expanded its branch network by opening a new office in Missouri. The new office will be led by Missouri mortgage professional, Simeon Williams.

PSMI is licensed in 17 states, and has more than 35 branch offices across the US. PSMI is currently finalizing licensing in the state of Virginia which will bring its licensing to a total of 18 states. Moreover, PSMI is planning to expand it network across the country in 2010.

Jeffrey Smith, president and CEO of PSM Holdings, said: “The addition of Mr Williams to our network not only offers PrimeSource additional name recognition in the Missouri market but allows our team to walk more customers home.

“Our company has seen continued growth despite the downturn in the mortgage industry. Our 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.”