"Since joining Cendant Mortgage in 1996, Paris has proven himself as a team player who believes that every member of the team deserves to be treated as a family member. He recognized that a leadership team was needed to prepare the Company for the remarkable growth that would soon follow," said Terry Edwards, president and CEO of Cendant Mortgage. "He recruited more than a quarter of the present Senior Leadership Team, which has helped the Company grow," continued Edwards, "and Paris has guided Cendant Mortgage through a three-year period of tremendous development."

Paris steered the Company's human resource team through remarkable expansion, helping Cendant Mortgage to become an employer of choice and the largest employer in South Jersey. In just over three years, the employee base has tripled.

"Without Paris's dynamic and innovative leadership, we would not have been able to accomplish all that we have as a business and an employer," said Edwards.

A testament to his ability and creativity, Paris' team received third place in the international PricewaterhouseCoopers' 1999 Most Innovative HR Department search. In addition, Paris was recognized by the Employment Management Association with its 1999 Pericles Award for outstanding contributions in the field of human resources.

Paris has spent 28 years in human resource management. In 1988, he was selected the Executive of the Year by the Human Resources Management Association of Kansas City. His previous employer, American Century Mutual Funds, where he served as the Senior Vice President of Human Resources, was named the Employer of the Year in 1988 and 1995. Also, in 1995, American Century's Training Department was named the Training Department of the Year by the American Society for Training and Development of Kansas City.

Paris' commitment to excellence extends beyond the workplace. He currently serves on the Executive Advisory Committee of the Rutgers University School of Business in Camden, NJ. He has served as the Director of the Ozanam Home for Boys in Kansas City and is a member of the Fund Raising Committee of Coopers Poynt School in Camden. Paris has also held numerous volunteer leadership roles in the Boy Scouts of America, The American Heart Association, The United Way and Junior Achievement.

A wholly-owned subsidiary of Cendant Corporation [NYSE: CD] , Cendant Mortgage is a full service lender and a leader in relationship-driven mortgage banking, serving real estate brokers, affinity groups, credit unions, financial institutions, corporations and government agencies. In 1998, Cendant Mortgage provided $26 billion in mortgage financing for American homes. Cendant Mortgage is currently ranked as the country's 6th largest retail lender by Inside Mortgage Finance. For more information on Cendant Mortgage, visit its Web site at www.cendantmortgage.com.