SOURCE: PMAC Lending Services, Inc.

PMAC Lending Services, Inc.

September 29, 2011 17:57 ET

PMAC Lending Services, Inc. Announces New CEO Appointment

CHINO HILLS, CA--(Marketwire - Sep 29, 2011) - PMAC Lending Services, Inc. ("PMAC"), a leading provider of mortgage banking services to consumers, mortgage brokers, real estate and financial service professionals, announced the appointment of Brian Witham as the Chief Executive Officer of PMAC, effective immediately.

Mr. Witham's experience spans over 25 years in the banking industry. Over the years, he has earned a reputation as a trusted and respected leader. Witham began his career at Associates Financial Services where he held numerous senior leadership roles including SVP Global Audit, SVP North America Marketing, and President and Chairman of the Board of Associates Capital Bank, an FDIC regulated institution. He also served as a Director at Citigroup (Citifinancial) and as an SVP at Fremont Investment and Loan. Most recently, as SVP Mortgage Servicing at PMC Bancorp, he was responsible for successfully building a de novo mortgage servicing department. This full service department is responsible for customer service, escrow, payment processing, collections, investor reporting plus many other services for over $2.6B in mortgage loans.

Witham said: "I'm very pleased to join PMAC at this exciting time in its development. We have an opportunity to combine our resources with the right strategic vision to produce significant value and opportunities for everyone involved, including our shareholders, employees, customers and business partners. We look forward to growing our product lines, expanding nationally, and being the place where talented people want to work."

About PMAC
Founded in 1995, PMAC Lending Services, Inc. is a leading provider of mortgage banking services to consumers, mortgage brokers, real estate and financial service professionals. Headquartered in California, PMAC is a multi-state direct lender providing mortgage products through its two strategic business units: PMAC Wholesale Lending and PMAC Retail Lending and servicing through PMAC Mortgage Services. To learn more about PMAC, call 800 710 PMAC or visit www.pmac.com

NOTE TO EDITORS: For additional information, call PMAC at (800) 710-7622 or visit pmac.com. The PMAC logo, tagline and LenderLink are registered trademarks and servicemarks of PMAC Lending Services, Inc.

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