LAGUNA BEACH, Calif., March 22, 2016 /PRNewswire/ -- Loans4Less.com announces a new National Mortgage Broker, Lead Generator and Digital Media Alliance, appoints William R. Baskin, as Director.
Loans4Less.com and EPath Digital, LP have entered into certain definitive agreements to broker/originate Forward and Reverse Mortgage Loans throughout the United States with Loans4Less.com as the "consumer facing" national website.
This nationwide scope significantly expands Loans4Less.com and creates other advertising opportunities in Auto and Consumer Loans.
Union Discount Mortgage, Inc., a wholly owned LFLS subsidiary will close its Redondo Beach, CA Mortgage Broker operations and continue as a mortgage loan application, advertising and marketing platform, focusing on Loans4Less.com brand growth.
Steven Mark Hershman guarantees all outstanding obligations and remains as LFLS Chairman & President. He will also act as the Broker of Record & Managing Principal of the National Mortgage Broker Division, which is separate from EPath's main mortgage lead and media marketing business.
William R. Baskin, General Partner of EPM Digital Management Corporation and EPath's CEO has joined the LFLS Board as a Director & Marketing Advisory Consultant/Strategist.
Loans4Less.com is moving to EPath's headquarters in Laguna Beach, CA and plans to rapidly grow with an ongoing supply of quality sales leads as developed by EPath Digital's specialty mortgage lead generation. Mortgage Broker licenses are pending in 26 states, with issuance anticipated in all states necessary for Lead Generation and Mortgage Loan Origination.
LFLS Cashless Warrants @ $0.13 equal to 10% of LFLS are issued to EPath, subject to a specific 5 year vesting schedule tied to the employment tenure of Steven Mark Hershman.
The Warrant was issued as a "tie-in" incentive in anticipation of Loans4Less.com brand growth, leading to higher equity valuations for the mortgage alliance in a future exit strategy.
Loans4Less® is a unique Federal Service Mark and application platform for mortgages and other consumer loans. LFLS owns rights to other generic Service Marks and domain names, its brands include Loans4Less®, Mortgages4Less®, Financing4Less® and Loans4®
For more information please visit Loans4Less.com
About EPath Digital, LP
EPath Digital, from its Laguna Beach, California corporate headquarters, represents a number of nationally recognized brands and focuses on providing new customer acquisition through digital marketing. EPath works in numerous industries in financial services, specializing in mortgage lead generation, identity theft protection, green energy, automotive and senior markets. With over 20 years of extensive industry experience and high integrity, EPath Digital's goal is to deliver campaigns that produce strong ROI for its advertisers, allowing them the opportunity to grow. EPath Digital also publishes nowitcounts.com, catering to the over 50 lifestyle.
For more information please visit epathdigital.com
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," "advertise," "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. and/or its officers or directors undertakes no obligation to update such statements.