Since its founding in 1993, Loans4Less.com has made significant strides in growing its market share as a CA mortgage loan originator. With the company’s AAA rating with the Business Consumer Alliance, Loans4Less has built a strong reputation within the industry by consistently providing competitive rates, guaranteed closing costs, honest service and fast closing. By avoiding a warehouse line of credit and direct lending, the company isolates itself from many of the risks associated within lending industry, making Loans4Less a worthwhile investment opportunity as the housing market continues to recover.
In March, Loans4Less made a major step towards developing significant future returns through the pending acquisition of consumer lending and peer-to-peer technology platform 321LEND, Inc. Following this acquisition, the company will have the capability to originate both mortgages and consumer loans and build volume while rapidly gaining market share. Moving forward, Loans4Less will continue to search for a community bank or direct lending strategic partner to assist the company in launching a nationwide mortgage broker retail channel.
Under the leadership of CEO Steven M. Hershman, LFLS has turned its attention to national expansion. In August 2013, the executive outlined his intentions to grow the company’s potentially formidable brand through a single strategic partnership or joint venture relationships. By pushing LFLS onto the national stage, the potential for increased shareholder values can be amplified considerably. The Company is expected within day’s to release its Audited Financial Statements for 2013 & 2014 as it positions itself to be a fully reporting company and raise capital in order to execute its growth plans.
The company’s expansion efforts could be coming at the perfect time. According to a report by the Mortgage Bankers Association, the first quarter of 2015 recorded the most mortgage originations of any first quarter since 2010, and a related report forecasted a 13 percent increase in new home sales to close out the calendar year. As Loans4Less continues to expand its portfolio of services through strategic acquisitions and partnerships, it’s an intriguing time for potential investors in this proven loan origination company. Look for the company to make significant progress towards increasing its national brand awareness in the months to come.
For more information, visit www.Loans4Less.com
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