Loans4Less.com, Inc. (LFLS) Reports Select Audited Financials 2012
Loans4Less.com, publicly traded online mortgage loan brokerage focused on becoming a national loan origination platform, announced certain audited financial results for the year ended December 31, 2012. Total revenues for 2012 increased by approximately 64% compared to 2011. The company also reported the payoff of $98K in revolving debt from free cash flow, which made a significant improvement in Loan4Less.com’s balance sheet. According to today’s press release, the Annual Report 2012 will be posted in due course. Loans4Less.com believes the mortgage origination market will stay very active this year even though lender underwriting standards are enabling only best credit quality…