CFI Mortgage Inc. (fka CFIM)

[Kama]

CFI Mortgage, Inc. Subsidiary Hires Six Loan Officers to Expand Its Marketing in Five Midwestern States

Wednesday July 11, 12:58 pm Eastern Time

Press Release

CFI Mortgage, Inc. Subsidiary Hires Six Loan
Officers to Expand Its Marketing in Five Midwestern
States

CLEARWATER, Fla.--(BUSINESS WIRE)--July 11, 2001--CFI Mortgage, Inc.(OTCBB:CFIM - news) announced today that its subsidiary First United MortgageBanc,Inc. (FUMB) has hired six loan officers servicing a five state area consisting of michigan,Wisconsin, Illinois, Indiana and Ohio. These six loan officers, who will report to Ken Reilly,National Sales Manager, have a proven track record and established wholesale and retail mortgage relationships. Their cumulative production is in excess of $100 million per year.

Robert Scarpetta, President of FUMB, said, ``We are very happy to welcome these six mortgage veterans to the FUMB team. I know Ken will be extremely successful in expanding the Midwest region with the help of these proven industry leaders.''
Stephen E. Williams, Chairman, President and CEO of CFI said, ``Bob Scarpetta is building FUMB in all areas. He has made significant strides in developing the processing department and is now directing his attention to loan origination. As we continue to expand, proven producers, such as the six new members of the FUMB team will greatly enhance our growth.''

CFI provides mortgage services through a large network of mortgage brokers and financial professionals. The 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 CFIM 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 CFIM 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.