(Sherman Oaks, CA, August 18, 2004) - Metrocities Mortgage, LLC, a leader in the residential mortgage lending market, and ERA Winners Group, have announced the formation of Metro Summit Mortgage, located in Sherman Oaks, California. The Affiliated Business Arrangement (ABA) between the two companies will provide home purchasers with an in-house, 'one-stop' shopping service for financing.

Paul Wylie, CEO of Metrocities Mortgage, stated, "This is great news for clients working with ERA Winners Group. This ABA partnership eliminates the need for them to shop around for competitive financing options. Additionally, it's a great fit for Metrocities and ERA Winners Group as we are both committed to providing the highest levels of quality customer service."

Norman Bogdanow, ERA Winners Group Founder, added, "We have always prided ourselves on providing our customers with complete services - we additionally have an in-house escrow company - so this partnership will enable us to effectively meet their mortgage needs."

Backed by the expertise of Metrocities Mortgage, a national direct lender and preferred mortgage broker, Metro Summit Mortgage customers will have access to more than 7,000 different loan programs and be working with a company that has one of the highest application approval rates in the industry.

ERA Winners Group clients will be afforded full service lending capabilities including Conventional, FHA, VA, Jumbo, Super Jumbo, Non-prime, Construction, Commercial and Reverse mortgages. Additionally, Metro Summit Mortgage utilizes a proprietary search engine to access the most competitive loan programs and financing terms, as well as automated loan underwriting software to further streamline the application and funding process.

Metro Summit Mortgage is located at 15477 Ventura Blvd., Suite 200, Sherman Oaks, CA., 91403. For additional information, please contact (818) 817-9800

ABOUT METROCITIES MORTGAGE

Established in 1989, Metrocities Mortgage is ranked in the top 1 percent of residential mortgage lenders nationwide for closed loan volume, closing over $4.6 billion in 2003. Metrocities operates as both a mortgage banker (direct lender) and a mortgage broker. Headquartered in Sherman Oaks, California, Metrocities Mortgage has become a leading nationwide lender, based on unique loan programs and successful joint ventures (Affiliated Business Arrangements) with key real estate companies, credit unions, financial advisor/business management companies, builders and other affinity groups. Loan Officers have access to over 7,000 loan programs and proprietary search engine technology, enabling them to find the best loan products for their clients. As America's Best Relationship Lender^SM, Metrocities Mortgage is renowned for its in-house lending expertise, wide selection of loan programs and Heroic Customer Service^SM.

For additional information, please call (800) 464-2484, or visit us online at www.metrocitiesmtg.com.

ABOUT ERA WINNERS GROUP

ERA Winners Group, a franchise of ERA Franchise Systems, Inc., is a full-service realty company which serves the entire San Fernando Valley and has been established as a leading real estate firm for many years. The company, which has more than 55 agents, also operates an in-house escrow, Pacific Integrated Capital, and utilizes technology to increase the marketing of properties. ERA Winners Group was rated within the Top 25 Residential Real Estate offices in the San Fernando Valley in terms of number of agents as reported in the San Fernando Valley Business Journal. ERA Franchise Systems, Inc. is a global leader in the residential real estate industry with more than 30 years' experience in developing consumer-oriented products and services. It is a subsidiary of Cendant Corporation (NYSE: CD) and part of its Real Estate Franchise Group. The ERA® real estate network includes approximately 30,600 brokers and sales associates throughout the United States and 30 other countries and territories.