David Williamson Promoted to Senior Vice President of The Performance Group.

Business Editors

CONCORD, N.H.--(BUSINESS WIRE)--May 5, 2004

The Performance Group (TPG), a consulting firm specifically for the mortgage banking industry, has promoted David Williamson to senior vice president of technology and strategic initiatives. In addition to managing and developing TPG's technology engagements, Williamson will be responsible for providing the guidance necessary to ensure the company continues to best meet the needs of its growing client base.

Since joining TPG in 1999, Williamson has been instrumental in core services development, system selection and process design. He has also taken the leadership role in managing TPG's third-party vending relationships with technology service providers, as well as directing new business development efforts for the company. In addition, Williamson is the TPG representative to MISMO, the eMortgage Alliance and other mortgage banking groups.

Larry Bonifant, TPG President, said, "Dave has earned this position through hard work and dedication. His work ethic and professionalism are second to none. Having someone with Dave's experience and capabilities, along with his comprehensive industry knowledge, brings an added value to our clients."

TPG is comprised of senior level consultants with extensive knowledge of the financial industry and a comprehensive understanding of the complexities associated with this industry. Williamson brings more than 20 years of experience in the financial services sector including work with banks, mortgage banks, financial software vendors and in a consulting role. His wide array of knowledge enables him to better assist mortgage companies with their performance management and improvement needs.

About The Performance Group

The Performance Group, based in Concord, N.H. and founded in 1990, is a leading consulting firm specializing in the mortgage banking industry. The Performance Group offers a variety of consulting services designed to increase productivity, improve customer service, reduce costs and encourage continuous innovation. A unique approach, The Performance Group offers a comprehensive program based on a pyramid model that incorporates all components of the work hierarchy including: vision, organization, systems, functions and tasks.

The Performance Group is a member of the Association of Management Consulting Firms (AMCF) and is also the only consultant participating in the e-mortgage alliance. It is also a member of the Mortgage Bankers Association (MBA) and the Mortgage Industry Standard Maintenance Organization (MISMO). For more information visit the company's Web site at www.tpgltd.com.