NEW YORK, NY -- (Marketwired) -- 04/02/13 -- NET LIFE Financial Processing, Inc. ("NET LIFE"), a wholly owned subsidiary of FastFunds Financial Corporation (OTCQB: FFFC), NET LIFE Financial Holdings ("NET LIFE Financial") and its joint partners, One Resource Group ("ORG") and Epic Financial Corporation ("EPIC") announced today that it is completing preparations for a widespread launch of its revolutionary financial instruments and in conjunction with ORG and its insurance carriers, are ramping up their staff accordingly.
NET LIFE Financial reports that this action comes immediately following last week's successful launch to a select group of mortgage brokers and realtors.
The recently installed new server is 2015 compliant and will handle all residential and commercial mortgage applications. The NET LIFE Financial IT department is concluding the on-line residential and commercial mortgage application testing with the new servers that have a capacity to accept 10,000 applications per hour.
A NET LIFE LCMO® (Life Collateralized Mortgage Obligation) is a residential, business or corporate real estate mortgage which is not based on credit history; only on the collateral. All that is required for which to qualify is: (a.) that you are healthy, (b.) that the property maintains and sustains its stated value and (c.) that you have the income to pay your mortgage. All NET LIFE LCMO® mortgages are processed, managed and serviced exactly like a conventional mortgage without all of the red-tape qualification. NET LIFE has only reinvented the "vehicle," not the "wheel" it rides upon.
A NET LIFE LCDO® (Life Collateralized Debt Obligation) is our second revolutionary product which has been formulated specifically for individuals and businesses seeking to raise capital. A NET LIFE LCDO® is an asset-backed lending process which is secured by the underlying collateral. A NET LIFE LCDO® is not based on credit history; only on the collateral. All that is required for which to qualify is: (a.) that you are healthy, (b.) that the asset(s) maintain and sustains its stated value and (c.) that you have the income to pay your loan. All NET LIFE LCDO® loans are processed, managed and serviced exactly like a conventional note or loan without all of the red-tape qualification. NET LIFE has only reinvented the "vehicle," not the "wheel" it rides upon.
ORG and EPIC will market and process the NET LIFE product-line (LCMO and LCDO) including the life insurance portion through their life insurance carriers and agents in all fifty states, including asset management organizations and independent financial advisors. Marketing strategies will include insurance agents, mortgage brokers, realtors and other independent financial advisors throughout the United States.
Most Popular Stories
- 15 Myths That Could Ruin Your Hispanic Ad Campaign
- General Motors Names Mary Barra as First Female CEO
- Cold Dis-comfort: Antarctica Set Record of -135.8
- Obama Delivers Speech at Mandela Memorial: Transcript
- Uruguay Gets Ready for Legal Marijuana
- Oldaker Takes Center Stage at Entrepreneur Awards
- Slow Week Ahead of December FOMC Meeting
- Hispanics Seek to Grow School Board Members
- Russia Says Nyet to Canada North Pole Claim
- 'Knockout Game': Myth or Menace?