CFI Mortgage Inc. (fka CFIM)

[Kama]

CFI Mortgage, Inc. Announces Two Promotions at First United
MortgageBanc,
Inc.

CLEARWATER, Fla., May 8, 2001 (BUSINESS WIRE) -- CFI Mortgage, Inc.(OTCBB:CFIM) announced today that it's subsidiary First United MortgageBanc,Inc. (FUMB) has promoted Jacquelyn Barron to Manager of Compliance and Quality
Control and Lawrence F. Carey, Jr. to Manager of the Sub-Prime Underwriting Department.

Jacquelyn Barron, who received a B.A. from the University of South Florida, Tampa, joined CFI in October 2000 and has been instrumental in procuring some 12 state licenses bringing the total to 33 states in which FUMB is permitted to do
mortgage lending. Her extensive background in the mortgage industry will allow FUMB to move forward with confidence. At Goldman Sachs & Company (NYSE:GS) Mrs.Barron was a Senior Analyst participating in the acquisition, maintenance and
sale of Residential Loans (Conventional/FHA/VA) and Commercial Loan Portfolios. While at the Federal Deposit Insurance Corporation (FDIC), she was a Loan Workout Specialist managing loan portfolios ranging from $75,000 to $5 million.

Lawrence F. Carey, Jr., who holds a Doctorate of Philosophy in Finance degree, has over 28 years of mortgage banking experience. He has an extensive background in all phases of appraising and served on the HUD Fee Appraisal Panel and is
currently a Direct Endorsement Underwriter approved by HUD/FHA. Mr. Carey has been stipulated as an Expert Witness in the areas of real estate valuation, REO Management, loan servicing and foreclosure in a number of Circuit Courts in the state of Florida.

Robert Scarpetta, President of FUMB stated: "In any growth organization, the quality of management is the most important factor for success and I feel we are attracting the finest personnel available in the mortgage industry today. Jackie and Larry bring years of experience and professionalism to FUMB and I'm confident that our growth will be enhanced by their abilities and dedication."

Stephen E. Williams, Chairman, President and CEO of CFI said: "I can't tell you how pleased I am with the management team that Bob Scarpetta is assembling at FUMB. Under his guidance I'm certain that Jackie and Larry will fulfill the needs of our mortgage subsidiary from both a productivity and a quality assurance aspect. As FUMB continues to expand its market area our profitability will be driven by the quality of our people."

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 CFIM 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 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.


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

URL: http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.

Copyright (C) 2001 Business Wire. All rights reserved.

-0-


KEYWORD: FLORIDA
INDUSTRY KEYWORD: REAL
ESTATE
BANKING
SOFTWARE
MANAGEMENT
CHANGES