CFI Mortgage Inc. (fka CFIM)

[Kama]

Thursday June 28, 7:02 am Eastern Time

Press Release

CFI Mortgage, Inc.'s Subsidiary Names Kenneth J. Reilly Director of Secondary Marketing and National Sales Manager

CLEARWATER, Fla.--(BUSINESS WIRE)--June 28, 2001--CFI Mortgage, Inc.(OTCBB:CFIM - news) announced today that its wholly owned subsidiary, First UnitedMortgageBanc, Inc. (FUMB) has hired Kenneth J. Reilly as Director of Secondary
Marketing and National Sales Manager. Mr. Reilly brings over 25 years of mortgage management experience to the position that will greatly enhance FUMB's wholesale and retail mortgage loan business. As the National Sales Manager, VP of Administration and one of the original Limited Partners of IMC Mortgage, a CitiCorp Financial Mortgage Company, he developed a tele-sales team from inception to 4,000 brokers and $100 million in monthly mortgage placements. He also identified and developed 186 job descriptions for over 3,000 employees. Mr. Reilly said, ``I'm very excited about the
opportunities here at FUMB and look forward to the challenge of developing one of the most aggressive mortgage retail and wholesale businesses in the country. With the vision and enthusiasm of everyone at FUMB I'm sure success will follow.''

Robert Scarpetta, President of FUMB, said, ``We are very pleased to be able to attract a proven veteran of Ken's caliber. His experience and industry contacts will allow us to continue to develop our mortgage business at a much faster rate than initially projected. As we expand our entire Company to meet anticipated needs in the near future, Ken will play a critical role in the development of our personnel and the implementation of our marketing program.''

Stephen E. Williams, Chairman, President and CEO of CFI stated, ``As FUMB expands its infrastructure and its marketing model, Ken Reilly will be an integral part of the management team. He will be invaluable to the growth of FUMB in all areas. We welcome Ken to the CFI family of companies.''

CFI provides mortgage services through a large network of mortgage brokers and financial professionals. CFI's goal, through acquisition and internal growth, is to be a diversified leader creating custom software that provides technology-based business solutions for the national and international marketplace, as well as a leader in the mortgage industry. For
more information on CFI, please visit the Company web site at http://www.cfiinc.com or that of Responsive Research at http://www.responsiveresearch.com where you can subscribe, free of charge, to its mailing list for press releases, investor updates and market letters, which will keep you apprised of all late breaking CFI news.

This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ
materially from actual future events or results. Forward-looking statements are inherently subject to risks and uncertainties,
some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth
in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking
statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.

Contact:

CONTACTS: Responsive Research, Inc., Coconut Creek, Fla.
Richard C. Winkel, Investor Relations, 954/977-8699
[e-mail]
or
CFI Mortgage, Inc., Clearwater
Marlene Noren, Investor Relations, 727/674-1010
[e-mail]

http://biz.yahoo.com/bw/010628/0034.html