Loans4Less.com, Inc. (LFLS) and the Challenge of Going National
When California-based online mortgage loan brokerage Loans4Less.com recently reported their selected audited 2012 financials, revealing an impressive 64% jump in annual revenues, in addition to the payoff of $98,000 in revolving debt, it was clear that the company was ready to move forward with its goal of expanding to become a national loan origination platform. In spite of the fact that the residential mortgage loan market is still somewhat encumbered by strict underwriting requirements, a reaction to the country’s unprecedented real estate crash, Loans4Less is still going strong. Part of this is due to the fact that the company remains…