PSM appoints president-CEO

The mortgage lender also appointed a national production EVP tasked to expand its retail branch system

PSM appoints president-CEO
PSM has appointed Tricia Bailey as president and CEO and Bill Lawton as executive vice president of national production.

With more than 25 years in the mortgage lending industry, Bailey brings experience in retail, wholesale, and correspondent lending. She was most recently senior vice president of residential mortgage lending operations with the Banc Home Loans division of Banc of California. Earlier in her career, Bailey held executive positions with PRMG, GE Credit, and BrooksAmerica Mortgage.

In addition to her role as president and CEO, Bailey will also serve as a director on the boards of PSM and parent company PSM Holdings.

"I am honored and excited to have been selected to lead the company in becoming a recognized presence in mortgage banking that reflects PSM's future successes," Bailey said.

In his new role, Lawton will work to add branches and licensed states to expand the company’s retail branch system. He brings more than 30 years of experience to the company and previously served at Countrywide, Bank of America, PRMG, and Security National Mortgage. Lawton was also the founder of Equity National Mortgage and served as its president and CEO.

"I'm extremely excited about this opportunity and look forward to working with Tricia and the board of directors on expanding PSM,” Lawton said. “This is a company that has a great and established infrastructure for growth and will be a dominant company in the mortgage banking landscape."

"Both Tricia and Bill will be valuable assets to PSM and, coupled with PSM's solid base, presents the platform on which to build a highly competitive and growth oriented mortgage bank,” PSM Holdings Director Michael Margolies said.

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