Loans4Less.com, an online mortgage loan origination company,
is shifting its focus towards becoming a national loan origination brand
platform for conforming residential mortgage programs and other consumer loans.
Through the recently announced acquisition of 321LEND, Inc., the company is in
a strong position to build volume and rapidly gain market share in both the
mortgage and consumer loan sectors. As Loans4Less continues to search for a
strategic community bank partner to launch a national mortgage program and
increase brand awareness, the domestic economy appears to be shifting in the
company’s favor moving forward.
¬According to a report by the Mortgage Bankers Association,
mortgage origination has been on the rise since 2010, with the first quarter of
2015 posting the highest first quarter origination figures in nearly a decade.
These statistics directly correlate with the national unemployment rate.
According to the Bureau of Labor Statistics, the unemployment rate for April
2015 was the lowest since 2008. Continued improvement to the national economy
is a positive indicator for Loans4Less, particularly as executives look to
increase its national presence.
Since its formation in 1993, Loans4Less has maintained a
steady order flow from a large client base. The company’s high business volume
and impeccable reputation allowed it to survive the financial crisis of 2007,
and its strong brand makes it a promising player in the industry.
“Loans are a product and service that people every day of
the week across the country are looking for,” stated Steven M. Hershman,
President and Chairman of the Board at Loans4Less. “It is such a huge and
ongoing business that we think we can make an impact.”
Loans4Less has continued to thrive while many of its
competitors have faded away by adhering to a safe, effective business strategy.
The company does not operate a warehouse line of credit, hold trust funds,
service loans or lend directly. Therefore, Loans4Less avoids many of the risks
associated with Sub-Prime lending, making the company a relatively safe choice
for investors. As the company continues to grow revenue through cost effective
advertising efforts and strategic national partnerships, look for Loans4Less to
continue expanding its share of the national loan origination market.
For more information, visit www.Loans4Less.com
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