LendingTree

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LendingTree
TypeLLC
FoundedCharlotte, North Carolina, USA (1998)
HeadquartersCharlotte, North Carolina, USA
Key peopleDoug Lebda, CEO/Founder
Employees700 (2008)
Websitewww.lendingtree.com
 
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LendingTree
TypeLLC
FoundedCharlotte, North Carolina, USA (1998)
HeadquartersCharlotte, North Carolina, USA
Key peopleDoug Lebda, CEO/Founder
Employees700 (2008)
Websitewww.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.

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. [1]

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.[2]

In 2011, LendingTree opened a new office in Burlingame, CA. [3]

Leadership[edit]

References[edit]

  1. ^ "Our Roots". 
  2. ^ "Our Roots - Timeline". LendingTree.com. 
  3. ^ "LendingTree Story". Retrieved 8 February 2013.