would like to highlight Loans4Less.Com, Inc.
). The company operates as an online mortgage brokerage firm primarily in the U.S., focused on developing a national loan origination platform for standard “A” paper conforming residential mortgage programs. The company also provides CA rates, terms and costs, daily rate updates, and other market information, as well as real estate commissions.
In the company’s news,
Loans4Less.com recently announced that it had taken another step toward its goal of launching a new retail mortgage broker channel by retaining Harriet B. Alexson, a top banking and financial services law partner at Bohm Wildish, LLP. This news followed the company’s December 2014 announcement that it had retained WestPark Capital, Inc., a FINRA/SIPC member firm, to aid in the sourcing of a strategic community partner while assisting with capital formation and planning efforts. Leaning on the expertise provided by retaining this formidable legal team, Loans4Less is in a strong position to continue its search for a community bank or direct lending strategic partner in the months to come while simultaneously persisting with the development of early plans for a pilot home loan program spanning the western states.
In recent months, Loans4Less has made tremendous progress in building sustainable shareholder value. In March, the company entered into an acquisition agreement with 321Lend, Inc., a fully-integrated proprietary consumer lending and peer-to-peer platform. When finalized, this deal will enable Loans4Less to originate both mortgages and consumer loans, providing a channel for rapid market growth and increased volume through the development of new consumer loan brands. Additionally, the company is currently evaluating the merits of a new cloud lending loan origination software suite that would provide consumers across the nation with another lending alternative.
In the months to come, Loans4Less will look to become a fully reporting company, providing an opportunity for uplisting to the OTCQB Venture Marketplace. When complete, these efforts could result in increased brand exposure within the competitive lending industry. For prospective investors, the company’s recent progress toward expanding its foothold in the domestic lending market could foreshadow an opportunity for improved financial results moving forward. Look for Loans4Less to capitalize on the marketability of its brand as the company seeks to expand its area of influence into the home lending market in the future.
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