First United MortgageBanc, Inc. (FUMB) has formed a Government Lending Department for the
express purpose of providing FHA and VA loans.
Wednesday April 18, 6:41 am Eastern Time Press Release CFI Mortgage, Inc., Subsidiary First United MortgageBanc, Inc. Announces Formation of Government Lending Department
CLEARWATER, Fla.--(BUSINESS WIRE)--April 18, 2001--CFI Mortgage, Inc. (OTCBB:CFIM - news) announced today that its subsidiary, First United MortgageBanc, Inc. (FUMB) has formed a Government Lending Department for the
express purpose of providing FHA and VA loans.
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Anastacia Perkins, who has over ten years of experience in the mortgage industry, has been appointed as the Director of the newly formed department. Ms. Perkins owned her own mortgage business in California and Arizona and was most recently production manager for OnLoan.com, an Internet mortgage company.
Robert Scarpetta, recently appointed President and COO of FUMB said, ``We are excited to have someone of Anastacia's caliber, with vast experience in the mortgage industry to lead our new Government Lending Department. Her knowledge of the mortgage business and more specifically the government financing area will be invaluable to our growth in that area.''
``The addition of government lending programs to FUMB's core non-conforming mortgage business will help ensure our profitability in an ever changing economy,'' saidStephen E. Williams, Chairman, President and CEO of CFI Mortgage, Inc., who added, ``Bob Scarpetta is making great strides in diversifying and formulating the growth of FUMB and the promotion of Anastasia Perkins is just a part of Bob's vision for our future success. We welcome Anastacia to our management team.''
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 www.cfiinc.com or that of Responsive Research at 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.
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Contact:
Responsive Research, Inc., Coconut Creek, Fla.
Richard C. Winkel, 954/977-8699
info@responsiveresearch.com
or
CFI Mortgage, Inc., Clearwater
Marlene Noren, 727/674-1010
mnoren@cfiinc.com
