LendingTree

From Wikipedia, the free encyclopedia
Jump to: navigation, search
LendingTree
Type LLC
Founded Charlotte, North Carolina, USA (1998)
Headquarters Charlotte, North Carolina, USA
Key people Doug Lebda, CEO/Founder
Employees 700 (2008)
Website www.lendingtree.com
Original logo used from 1998 until 2009.

LendingTree is an online lending exchange. LendingTree, headquartered in Charlotte, NC, is a web-based company that operates an online lending marketplace that facilitates matching borrowers and lenders. LendingTree.com provides access to lenders offering mortgages and refinance loans, home equity loans/lines of credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc.

Since the website launch in 1998, LendingTree has facilitated more than 30 million loan requests and $214 billion in closed loan transactions.

In recent years LendingTree has become a severe source of phone spam for its unfortunate users, as is quickly apparent by Googling. Using their service is also likely to reduce your credit score, whether you get a loan through them or not. [1] Despite a good BBB rating, an examination of the complaints against LendingTree reveals a consistent pattern of misbehavior. [2]

History[edit]

Inception LendingTree Founder, Doug Lebda, found the process of visiting multiple banks and combing through mortgage offers time consuming and exhausting; he knew there was a better option. Launched in 1998, LendingTree was created to provide consumers a centralized location to receive multiple loan offers. [3]

Growth In May of 2003, LendingTree, LLC was acquired by IAC/InterActiveCorp, former owner of Ticketmaster, Home Shopping Network and current owner of Match.com. After 5 years, LendingTree spun off from IAC to join newly established Tree.com, Inc. Tree.com is the parent company of several brands and businesses in the financial services and real estate industries including LendingTree.com; GetSmart.com; DegreeTree.com; LendingTreeAutos.com; and DoneRight.com.[4]

In 2011, LendingTree opened a new office in Burlingame, CA.[5]

Leadership[edit]

  • Doug Lebda, CEO and Founder
  • Gabriel Dalporto, President and CMO
  • Kamelia Dianati, Senior Vice President of Technology
  • Claudette Hampton, Senior Vice President of Human Resources and Administration
  • Alex Mandel, CFO

References[edit]

  1. ^ "ConsumerAffairs". 
  2. ^ "Consumer Complaints, BBB". 
  3. ^ "Our Roots". 
  4. ^ "Our Roots - Timeline". LendingTree.com. 
  5. ^ "LendingTree Story". Retrieved 8 February 2013.