CONTEMPORARY LENDING GROUP OPENS BRANCH OFFICE IN THE GREATER SAN FRANCISCO BAY AREA MARKET

Palm Springs, CA – November 1, 2007 – Contemporary Lending Group is pleased to announce the opening of their new branch office in the San Francisco Bay Area. Consumers in the Palm Springs market have had the opportunity to experience hassle free home mortgage lending and now borrowers in the Bay Area can experience the same. The company offers lending services for those buying or refinancing homes throughout California. Lending services also include land, construction and commercial lending.

As part of the growing Contemporary Lending Group team the company is also pleased to announce the addition of John and Jennifer Caravalho along with Bryan Bodas to open the Bay Area office. Both John and Jennifer have vast knowledge of home mortgage lending as well as home sales. John has over 25 years experience in the home mortgage field and has been an award winning performer for many years. Jennifer has over 15 years real estate experience which includes home mortgages, home sales as well as title and escrow. Bryan has been involved in residential real estate for over 10 years and has been involved in real estate loans for three years.

“Our mission is to set new customer service standards in the residential and commercial mortgage loan industry,” said Robert Gray, Principal and co-founder of CLG. “We strive to make the process easier, more comfortable and professional from the moment someone meets with one of our Contemporary Lending Group representatives, contacts us by phone, or visits our website (www.contemporarylendinggroup.com). CLG focuses on meeting their needs until the loan is closed.”

With extensive customer service and corporate experience with Fortune 100 and Fortune 500 companies, as well as the real estate industry, the firm’s founders examined the steps involved in handling mortgage loans and have streamlined the lending process. CLG offers financing through more than 40 lenders, providing a great variety of interest rates and payment options. The company offers in-house escrow and notary services, creating a one-stop shop, which tremendously enhances efficiency and save customers time. Refinancing can be completed in 21 days.

“Enhanced communication is crucial to meeting our customer service objectives,” said Alan Bloom, Principal and co-founder. Calls during regular business hours are answered by live personnel; customers do not have to encounter automated voice mail systems.

The company also offers online services, providing enhanced access around the clock. Customers can obtain loan applications on the Web and easily determine payments with a handy on line mortgage calculator. Additionally, customers can also utilize the “live chat” feature on our web site to interact with our Loan Officers via their computer.

Bloom and Gray have assembled a seasoned team of 14 fulltime loan officers and two loan processors. Contemporary Lending Group now has offices in Palm Springs, San Diego and the San Francisco Bay Area. For more information, visit www.contemporarylendinggroup.com