After the long-awaited launch of the NET LIFE Financial LCMO® and LCDO® products, 2014 will lend NET LIFE the opportunity to grow and operate as intended.
Over the past year, NET LIFE Financial has been underwriting its LCMO® and LCDO® products for a limited number of private clients with mortgage and commercial lending needs. “It is now time to let the public know we are open and ready for business.” proclaimed Chief Marketing Director, Sean Collins. “We have been inundated with inquiries, application and demands to immediately begin processing, however, we did not want to start running-the-race without our entire support team in place.”
Because the process was still very new, NET LIFE had been operating primarily on a 1:1 client/buyer ratio for its LCMO® and LCDO® products; many of which have been placed through the NET LIFE Bond SWAP Program or directly through Private Client Investment Firms. Today, with its newly established growth and expansion plan, NET LIFE will soon be underwriting and servicing all incoming applications within 30 days or less. “While our underwriting procedures are straight-forward, it has been difficult to keep-up-with and timely service the infinite number of inquiries and applications of our LCMO® and LCDO® products.” stated Mr. Arnold Hatcher, a spokesperson from the NET LIFE Underwriting Department. “It is for this reason we have been actively entertaining offers from various institutions of which are interested in participating with us.”
Casey Livingston, of NET LIFE Operations, said, “We have already outgrown and outperformed our 2013 expectations. Whether we buy-out, merge or establish an exclusive arrangement with our new associations, these new, national and international participating relationships will open endless avenues sufficient enough to service the private, commercial and public financing sectors; NET LIFE Financial is about to change the credit and finance world as we know it.”
NET LIFE is also currently in the process of obtaining a credit rating for their LCMO® and LCDO® products of which they believe will be “A+” due to the fixed securitization of both P&I.
NET LIFE Financial will next be disseminating an official press release which will include audited financials, tombstones and official statements from Clients whom have successfully completed transactions with NET LIFE; start to finish.
“These are exciting times for NET LIFE, the investment community and individuals and businesses in need of mortgage, development, expansion or bridge financing. We are proud to be here and happy to oblige.”