LFLS

Loans4Less.com, Inc.

 
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OTC Disclosure & News Service

 

Loans4Less.com Ranked in List as a Top Residential Loan Originator 2012

Apr 09, 2013

OTC Disclosure & News Service

Redondo Beach, CA -

Loans4Less.com, Inc. (OTC: LFLS), an online mortgage loan brokerage firm focused on Conforming loans, has been ranked by Origination News as one of the top 2012 loan producers by dollar volume.

Loans4Less.com was ranked 66th out of 200 top residential mortgage loan originators in the United States, recording loan volume of $104 million on a total of 309 loans issued for the 12 months of 2012.

Steven M. Hershman, Chairman & President of Loans4Less.com, stated, "We have diligently worked to advance broader operations without compromising the quality of current services and outreach. Being ranked in the top third of the list of leading loan producers is testament to our commitment to the Company, our customers and our shareholders. We intend to maintain this upward trend as we continue to increase the value of the Loans4Less.com brand."

As announced previously, the Company is pursuing avenues through which it can offer its loan services to customers outside the State of California, focusing on proven marketing strategies and business practices.

"We are on track to expand our Loans4Less.com brand and seek JV Partner(s) to duplicate our [California] origination model in other states and in the meantime we are focused on the two most important rules for a long-term superior success rate, 'better before cheaper and revenue before cost,'" [per article in Harvard Business Review, April 2013].

About Loans4Less.com

Loans4Less.com is a publicly traded online mortgage loan brokerage focused on becoming a national loan origination platform for standard "A" paper conforming residential mortgage programs. Loans4Less.com maintains an A+ TrustLink rating with the Better Business Bureau; provides very competitive rates, terms & costs, daily rate updates, and other market information; and prides itself on excellent and honest service. Loans4Less.com does not operate a warehouse line of credit, hold trust funds, lend directly or service loans and is not exposed to the risks and/or problems associated with Sub-Prime or Alt "A" lending. Loans4Less.com relies on various wholesale lenders for its retail home loan programs. The main focus is to rapidly grow gross revenues via smart and cost effective advertising, while expanding into other States in order to maximize shareholder values.

For more information please contact Chairman & President Steven M. Hershman at Loans4Less.com (310) 540-0157.

Forward-Looking Statements

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in our annual report and/or other releases made by us. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Loans4Less.com, Inc. undertakes no obligation to update such statements.

Contact:


Steven M. Hershman
Chairman & President
310-540-0157 Office
310-408-1058 Mobile

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