Crain's Chicago Business Names United Financial Mortgage Corp. in its list of 'Fastest-Growing Public Firms'
August 10 2004 - 1:12PM
PR Newswire (US)
Crain's Chicago Business Names United Financial Mortgage Corp. in
its list of 'Fastest-Growing Public Firms' OAK BROOK, Ill., Aug. 10
/PRNewswire-FirstCall/ -- United Financial Mortgage Corp.
(AMEX:UFM)(the "Company") today announced that one of Chicago's
premier business journals, Crain's Chicago Business ("Crain's")
listed United Financial Mortgage Corp. as the second-fastest
growing publicly held firm in the Chicago metropolitan area, based
on Crain's calculation of the compound annual growth rate in
revenue for publicly traded companies with 2003 revenues of more
than $10 million. Steve Khoshabe, President and Chief Executive
Officer of the Company, stated, "We are honored to receive
recognition from one of Chicago's premier business publications.
This achievement not only demonstrates the tremendous growth we
have experienced, but validates the hard work of all of our
employees as well. We are all committed to delivering value to our
shareholders on an ongoing basis by diversifying our revenue
streams, pursuing accretive acquisitions, leveraging our servicing
portfolio and keeping our costs in line with loan production."
About United Financial Mortgage Corp. United Financial Mortgage
Corp. is an independent originator and servicer of residential and
commercial mortgage loans. The Company is headquartered in Oak
Brook, Illinois and has 37 offices in 14 states. For additional
information, please visit the Company's web site at
http://www.ufmc.com/. This press release contains, and future oral
and written statements may contain, forward-looking statements
within the meaning of such term in the Private Securities
Litigation Reform Act of 1995 with respect to the Company's
business, financial condition, results of operations, plans,
objectives and future performance. Forward-looking statements,
which may be based upon beliefs, expectations and assumptions of
management and on information currently available to management,
are generally identifiable by the use of words such as "believe,"
"expect," "anticipate," "plan," "intend," "estimate," "may,"
"will," "would," "could," "should" or other similar expressions.
Additionally, all statements in this document, including
forward-looking statements, speak only as of the date they are
made, and the Company undertakes no obligation to update any
statement in light of new information or future events. A number of
factors, many of which are beyond the ability of the Company to
control or predict, could cause actual results to differ materially
from those in its forward-looking statements. These factors
include, among others, the following: (i) changes in demand for
mortgage loans due to fluctuations in the real estate market,
interest rates or the market in which the Company sells its
mortgage loans; (ii) the Company's access to funding sources and
its ability to renew, replace or add to its existing credit
facilities on terms comparable to the current terms; (iii)
assumptions underlying the value of the Company's retained mortgage
loan-servicing rights; (iv) the negative impact of economic
slowdowns or recessions; (v) management's ability to manage the
Company's growth and planned expansion; (vi) the effect of the
competitive pressures from other lenders or suppliers of credit in
the Company's market; (vii) changes in government regulations that
affect the Company's business; (viii) the Company's ability to
expand origination volume while reducing overhead; (ix) the impact
of new state or federal legislation or court decisions restricting
the activities of lenders or suppliers of credit in the Company's
market; (x) other risk factors disclosed from time to time in the
Company's filings with the Securities and Exchange Commission; and
(xi) the inability of the Company to manage the risks associated
with the foregoing as well as anticipated. These risks and
uncertainties should be considered in evaluating forward-looking
statements and undue reliance should not be placed on such
statements. Additional information concerning the Company and its
business, including additional factors that could materially affect
the Company's financial results, is included in the Company's
filings with the Securities and Exchange Commission. DATASOURCE:
United Financial Mortgage Corp. CONTACT: Steve Khoshabe, President
& Chief Executive Officer, United Financial Mortgage Corp.,
+1-630-571-7222, or ; or Dave Gentry, Aurelius Consulting Group,
Inc., +1-407-644-4256, or , for United Financial Mortgage Web site:
http://www.ufmc.com/
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