Lometa Capital Partners Completes Strategic Investment in Preferred Mortgage Services LLC

Henderson, NV., March 18, 2024 – Lometa Capital Partners, a leading investment firm, is proud to announce its recent investment in Preferred Mortgage Services LLC (PMSI), a premier provider of loan accounting, investor reporting, and account reconciliation servicers renowned for its commitment to excellence and customer satisfaction.

Founded in 2000, PMSI’s best-in-class outsourcing services and technology platform provide mortgage services and MSR investors with a turnkey solution in the highly regulated investor reporting and accounting function. Lometa’s investment is expected to enable PMSI to accelerate growth and innovation.

“We are thrilled to announce our partnership with Preferred Mortgage Services LLC,” said Neal Jain, CEO of Lometa Capital Partners. “PMSI’s dedication to excellence aligns seamlessly with our investment philosophy, and we are confident that together, we will unlock new opportunities for growth, innovation, and success. PMSI’s outsourcing services and cloud-based technology platform, Q, meets the critical needs of mortgage servicers. We are eager to leverage our sector expertise to support PMSI as the company continues to revolutionize investor reporting and accounting through continued innovation.”

“We are excited to embark on this journey with Lometa Capital Partners,” said Romalene Tolentino and Dan Thompson, Managing Partners of PMSI. “Their investment not only validates our commitment to excellence but also provides us additional resources needed to propel our business to new heights. We look forward to leveraging this partnership to better serve our clients and drive value for all stakeholders.”

Additional financing for the transaction was provided by Byline Sponsor Finance and Aldine Capital. Squire Patton Boggs served as legal advisor and Keefe, Bruyette & Woods served as financial advisor to PMSI. Ice Miller LLP served as legal advisor to Lometa Capital Partners.

About Preferred Mortgage Services LLC (PMSI):

Preferred Mortgage Services LLC (PMSI) is a leading independent provider of mortgage servicing solutions for the financial industry, providing loan accounting, investor reporting, account reconciliation and other services to a wide spectrum of mortgage servicers. PMSI’s cloud-based exception management platform, Q, comprehensively supports investor reporting and accounting needs. For more information, visit PMSI’s website at www.pmsi.me.

About Lometa Capital Partners:

Lometa Capital Partners is a multi-family office investing in strategically viable middle-market companies in the software and business services sectors. Lometa is currently investing out of a perpetual-life fund with no predetermined timeframe to exit. Its Limited Partners are successful entrepreneurs and highly engaged to drive outcomes in the portfolio where they possess deep knowledge and experience. For more information, visit Lometa’s website at www.lometacapital.com.

For more information, please contact:

Neal Jain
CEO & Partner
neal@lometacapital.com