Search the Wall!Groundbreaking `loans4love` Program Directs Significant Portion of Home Loan Origination Fee to Non-Profit or Local Community Organization of Borrower`s Choice
Groundbreaking 'loans4love' Program Directs Significant Portion of Home Loan Origination Fee to Non-Profit or Local Community Organization of Borrower's Choice
Innovative Program Also Designed to Maintain Highest Ethical Lending Standards with Non-Commissioned Loan Officers and Automated Loan Selection Through Consortium of Chartered FDIC Banks
City; NEWPORT BEACH, Calif.
A consortium of national- and state-chartered FDIC banks has joined together with Loans4Love to launch a groundbreaking home loan program designed to enhance corporate, community and consumer responsibility.
The new Loans4Love program is intended to become the largest donation vehicle in the country to help fund non-profit organizations and other entities such as local schools and public safety agencies, without requiring donors to write a check. It is a revolutionary approach to enabling individuals to make a tangible difference.
'Our mission is to empower people with a unique and very easy way to have a direct, positive impact in their community. And, at the same time, our approach to lending is designed to maintain the highest ethical standards in the industry,' said David Ludington, Loans4Love Founder, President and CEO. 'We also know that buying a home can be overwhelming. With the lending consortium's expertise in home purchasing and refinancing, as well as an unmatched reputation for service and competitive rates, Loans4Love ensures not only the best financing to fit each personal situation, but an opportunity to help rebuild the community in which people live and call home.'
Loans4Love enables borrowers to drive 25 percent of each loan's 1 percent origination fee to a cause that is near and dear to their heart. When they purchase or refinance a new or existing home loan through the program, they can choose which non-profit or other local organization should receive the funds. Loans4Love will then donate 25 percent of the loan origination fee to that organization. (Non-profits must be a registered 501(c) and in compliance with all state and federal regulations.)
In addition, the consortium of national- and state-chartered FDIC banks has created an innovative, fully automated process called Leads 2.0 that quickly and objectively selects the best mortgage financing option with the optimum pricing, program and turnaround to meet the individual needs of each borrower. Through Loans4Love, borrowers will have access to an extensive selection of mortgage programs at consistently low rates with superior customer service and unparalleled ethical standards.
For information on Loans4Love, visit www.Loans4Love.com or call 800-831-0071. Non-profit organizations wishing to participate in the Loans4Love program can call 800-831-2058.