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.
For more information, visit www.Loans4Less.com
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