Loans4Less.com, Inc. (LFLS) Sharpens Focus on Launch of National Mortgage Broker Channel following Expiration of Planned 321Lend Acquisition
In March, Loans4Less.com, Inc. entered into an acquisition agreement with 321Lend, Inc. that was expected to make the fully-integrated consumer lending and peer-to-peer technology platform a wholly-owned subsidiary of Loans4Less. However, on Saturday, the company issued a statement announcing that it will no longer be pursuing the acquisition following the expiration of the original agreement on July 31, 2015. Following this development, Loans4Less will once again turn its attention toward its primary operational objective: entering into a strategic alliance with a community bank to launch a national mortgage broker retail channel for conforming home loans. In the coming months, the…