LendingTree

#6610

Rank

$681.36M

Marketcap

United States

Country

Leadership team

Mr. Douglas R. Lebda (Founder, Chairman & CEO)

Mr. Trent Ziegler (CFO & Treasurer)

Mr. John David Moriarty (COO & Pres of Marketplace)

Products/ Services

Banking, Credit, E-Commerce, Finance, Financial Services, FinTech, Marketplace, Personal Finance

Number of Employees

1,000 - 20,000

Headquarters

Charlotte, North Carolina, United States

Established

1998

Company Registration

SEC CIK number: 0001434621

Net Income

20M - 100M

Revenue

Above - 1B

Traded as

TREE

Social Media

URL

https://www.lendingtree.com

Overview

Location

Recognition and Award

References

Summary

LendingTree, Inc., through its subsidiary, LT Intermediate Company, LLC, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services. The Consumer segment provides credit cards; personal, small business, student, and auto loans; deposit accounts; and other credit products, such as credit repair and debt settlement services. The Insurance segment includes information, tools, and access to insurance quote products, including home and automobile, through which consumers are matched with insurance lead aggregators to obtain insurance offers. LendingTree, Inc. also operates Student Loan Hero, a personal finance website dedicated to helping student loan borrowers manage their student debt; QuoteWizard.com, a marketplace for insurance comparison; ValuePenguin, a personal finance website that offers consumers objective analysis on various financial topics from insurance to credit cards; and Stash, a consumer investing and banking platform that offers a suite of personal investment accounts, traditional and Roth IRAs, custodial investment accounts, and banking services, including checking accounts and debit cards with a Stock-Back rewards program. The company was formerly known as Tree.com, Inc. and changed its name to LendingTree, Inc. in January 2015. LendingTree, Inc. was incorporated in 1996 and is headquartered in Charlotte, North Carolina.

History

Founding

After graduating from Bucknell University, Doug Lebda went to work for PricewaterhouseCoopers in Pittsburgh as an auditor and consultant. During the process of purchasing his first home via a mortgage, he found the process of comparing numerous resources time-consuming. Lebda sought a better way to improve this process in the marketplace. Lebda subsequently started CreditSource USA in 1996; a year later the new company was rebranded as LendingTree. In 1998, LendingTree was launched online.

IAC ownership

LendingTree went through an initial public offering on February 15, 2000. In May 2003, LendingTree was acquired by IAC/InterActiveCorp, former owner of Ticketmaster, Home Shopping Network and Match.com. In 2004, LendingTree acquired HomeLoanCenter.com and formed LendingTree Loans. After five years, LendingTree spun off from IAC to join newly established Tree.com, Inc. Tree.com was 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.In 2015, LendingTree disassembled the Tree.com umbrella to focus on its core brand, LendingTree, which incorporated business loans, personal loans, debt consolidation, free credit scores, and student loans along with its core mortgage products home loans, mortgage refinance, and home equity.Since 2019, LendingTree has served as the official name sponsor of the annual college football bowl played in Mobile, Alabama, the LendingTree Bowl.

Mission

About Superior Lending Associates, L.C. Our motto, “The Mortgage Lender You Know,” sums up our Mission Statement: “Superior Lending Associates will provide outstanding mortgage brokerage services to our clients and loan officers by: Offering the best customer service.

Vision

Our vision is to become the world's most trusted financial marketplace. We will achieve this by delivering superior value to customers with the best technology, data, and services in the industry.

Key Team

Ms. Jill A. Olmstead (Chief HR Officer)

Mr. Scott Peyree (Pres of Insurance)

Ms. Carla Shumate (Chief Accounting Officer)

Mr. Scott Totman (Chief Technology Officer)

Mr. Andrew N. Wessel (Head of Investor Relations)

Ms. Lisa M. Young (Company Sec. & Gen. Counsel)

Megan Greuling (Director of PR & Communications)

Recognition and Awards

LendingTree has received multiple awards for its innovative approach to lending and its leadership in financial services. In 2016, it was named one of Inc. Magazine’s Best Places to Work. In 2017, the company won Deloitte’s Technology Fast 500 award, and in 2018, it was listed as one of Forbes America’s Most Promising Companies.