CFI Relocates Corporate Headquarters; New Location to House CFI and Subsidiaries.

Business Editors

CLEARWATER, Fla.--(BUSINESS WIRE)--June 9, 2000

CFI Mortgage, Inc. (OTCBB:CFIM), a broad, technology-based consumer finance company serving the national and international markets, announced today that, effective the week of June 5, corporate operations have been moved from North Palm Beach to Clearwater, Florida.

Steve Williams, President and CEO, stated, "This move allowed us to realize efficiencies by being in the same location as our subsidiaries. In addition, the employees of our subsidiaries are an important resource and that source of intellectual capital will serve as a springboard for growth."

The recently acquired subsidiaries, Surfside Software Systems, First United MortgageBanc and the to-be-acquired RJ Systems, represent significant milestones in the Company's history. They are important steps in fulfilling CFI's goal of becoming a diversified eCommerce financial services company with a 50-state lending capability.

CFI's goal is to introduce a solution into the financial services marketplace, offering it as the most efficient and flexible web-enabled mortgage solution that supports all borrowing channels, consumer direct, retail and wholesale. For more information on the Company, visit the newly designed website at www.cfiinc.com.

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.