CoreStar Financial Group Expands Presence in Southeast; National Mortgage Company Attracts Top Talent to Lead Wholesale Division to Increase Sales and Market Penetration.

TIMONIUM, Md. -- CoreStar Financial Group, a national mortgage banking company focused on subprime channels in the retail and wholesale markets, today announced that it has tapped Kurt Kabula, national wholesale manager, to lead the expansion of CoreStar's national wholesale division. CoreStar is experiencing rapid growth of its wholesale division in Florida, Georgia, Alabama, South Carolina and North Carolina. As a result, CoreStar will increase the company's geographically dispersed employee base by 200 percent by year-end.

With an immediate focus on developing sales in Florida, Kabula will be based in Ft. Lauderdale, Fla., but will split time equally with corporate headquarters in Timonium, Md. Capitalizing on more than 15 years of industry experience, he will apply organizational strengths to develop his team of inside and field sales representatives. Kabula will build his team with an eye toward streamlining process and flow in an effort to close loans quickly and fulfill the company's customer-centric mission.

"Kurt has an outstanding reputation and has established a significant foundation of business that will enable CoreStar to continue to flourish in the Southeast region," said Tomas Gordon, CEO of CoreStar. "As our wholesale lending business continues to grow nationally, we will call on Kurt's industry expertise and business savvy to build out and lead top-notch regional sales teams. We are excited to extend brokers the opportunity to work with us and experience our superior service and support."

The combination of climbing real estate values and mild restrictions on lenders makes expansion in the Southeast a prime opportunity for CoreStar's wholesale division. Because CoreStar offers a full line of customized products, the company's outside account executives have the resources to successfully support individual and company portfolio growth.

"CoreStar has built a formula for success with its streamlined team model, which enables brokers to close loans quickly and efficiently. I am pleased to join the team and lend my experience to this entrepreneurial company," said Kurt Kabula. "With an increased presence throughout the Southeast, we will look to develop a solid team of proactive outside account executives that will bolster our position as a leader in the business-to-business channel. We will continue to execute on CoreStar's principal value of providing honest and equitable mortgages to help grow loan pipelines and market share."

Kabula currently oversees 11 inside and 23 outside sales representatives nationally.

About CoreStar Financial Group

CoreStar Financial Group (CoreStar), a national mortgage banking company focused on subprime channels in the retail and wholesale markets, offers a full suite of loan products and services to fit the needs of individuals and businesses. CoreStar puts customers first and offers customized mortgage loan products to help borrowers reach their financial goals. The company has developed a unique, streamlined approval process that guarantees a significantly faster notification time. CoreStar has established partnerships with large mortgage banks and premier Wall Street banks to maintain competitive pricing and pass the savings on to customers.

Founded in October 2002, CoreStar is headquartered in Timonium, MD and has more than 190 employees and conducts business in 43 states nationwide. For more information about CoreStar Financial Group, please visit http://www.corestar.com/.