LendingTree
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This article relies on references to primary sources or sources affiliated with the subject, rather than references from independent authors and third-party publications. Please add citations from reliable sources. (June 2010) |
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| 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 |
LendingTree is an online lending exchange. LendingTree is a web-based company that operates an online lending marketplace that facilitates matching borrowers and lenders. LendingTree.com provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, credit cards, as well as access to student loans and commercial lending products.
[edit] History
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This section does not cite any references or sources. Please help improve this section by adding citations to reliable sources. Unsourced material may be challenged and removed. (November 2011) |
Launched in 1998 with headquarters in Charlotte, LendingTree, LLC also owns and operates LendingTree Loans, GetSmart.com, and HomeLoanCenter.com. LendingTree, LLC is a business of Tree.com, Inc. (NASDAQ: TREE).
LendingTree was part of IAC Financial Services and Real Estate, an operating company of IAC.
In 2008, 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, LLC; LendingTree Loans; GetSmart.com; HomeLoanCenter.com; RealEstate.com; Realtors iNest.com; and Domania.com.
LendingTree loans recently[when?] bought Surepoint Lending (a privately-owned mortgage company that did business as First Residential Mortgage Network Inc) which entails growth for the company and greater market share. Surepoint is headquartered in Louisville, Kentucky and has branch locations in Nashville, Tampa, and Indianapolis. Surepoint had nearly 500 employees, including more than 300 licensed loan officers when it was acquired.
[edit] Antitrust lawsuit
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This section may need to be updated. Please update this section to reflect recent events or newly available information, and remove this template when finished. Please see the talk page for more information. (November 2011) |
In 2010, BanxCorp began antitrust legal proceedings against more than 100 companies, including LendingTree.[1][2]
[edit] References
- ^ "Antitrust Complaint Filed Against Dow Jones & Co., The New York Times and Other Media Giants" (Press release). forbes.com. June 3, 2010. http://www.forbes.com/feeds/prnewswire/2010/06/03/prnewswire201006030921PR_NEWS_USPR_____NY15012.html. Retrieved 2010-06-22. "A federal antitrust complaint was filed against nine firms including Dow Jones & Co., The New York Times, CNBC, CNN, MSNBC and others, for engaging in unlawful per se horizontal market division, customer allocation, and price fixing agreements with competitors in the market for bank rate websites throughout the United States. ... The case is USDC-DNJ 2:10-cv-02467-SDW-MCA."
- ^ "United States District Court" (PDF). http://banx.com/BanxCorp_v_LendingTree_et_al.pdf. Retrieved 2011-12-10.
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