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LendingTree's New Mortgage Negotiator Tool Helps Borrowers Find the Best Deal

LendingTree's New Mortgage Negotiator Tool Helps Borrowers Find the Best Deal

Innovative tool compares and evaluates borrowers' current loan offers with
real-time mortgage offers from LendingTree Lender Network

PR Newswire

CHARLOTTE, N.C., July 23, 2013

CHARLOTTE, N.C., July 23, 2013 /PRNewswire/ --LendingTree, the nation's
leading online source for competitive home loan offers, today announced that
it has launched Mortgage Negotiator, a new online tool which was designed to
empower consumers to find the best deal on a home loan. Through LendingTree's
database of real-time loan offers, the Mortgage Negotiator tool analyzes a
user's current loan offer and compares it to the offers being made by lenders
on the LendingTree network based on available interest rates, fees, charges
and monthly payments.

(Logo: http://photos.prnewswire.com/prnh/20110518/MM04455LOGO )

The easy-to-use online tool allows users to submit data found in the Good
Faith Estimate (GFE) of a current loan offer. The tool then analyzes the
interest rate, origination fees and monthly payments to identify possible
areas for improvement. Using interactive charts, consumers can see where and
how their current offer might be improved, and can see negotiating tips for
getting a better deal. Additionally, the Mortgage Negotiator displays several
real-time offers from lenders that may be able to provide a better deal,
complete with contact details and customer ratings and reviews.

"Our research indicates that only 51% of consumers compare shop mortgages. But
whoever does that, can end up saving $100 or more per month on their mortgage
payment," said Nikul Pater, Chief Product Officer at LendingTree. "To make it
easy for consumers to comparison shop for mortgages with the offer (GFE) they
have in hand, we developed mortgage negotiator. We feel that this tool has the
ability to empower consumers and give borrowers confidence while going through
loan process."

The Mortgage Negotiator tool from LendingTree can be accessed via
www.LendingTree.com or through this link:
https://www.lendingtree.com/mortgage-negotiator

About LendingTree, LLC
LendingTree, LLC is the nation's leading online source for competitive home
loan offers, empowering consumers during the mortgage, refinance or auto loan
process. LendingTree provides an online marketplace which connects consumers
with multiple lenders that compete for their business, as well as an array of
online tools and information to help consumers find the best loan. Since
inception, LendingTree has facilitated more than 30 million loan requests and
$214 billion in closed loan transactions. LendingTree 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. (NASDAQ:
TREE). For more information go to www.lendingtree.com, dial 800-555-TREE, join
our Facebook page and/or follow us on Twitter @LendingTree.

MEDIA CONTACT:
Megan Greuling
(704) 943-8208
Megan.Greuling@tree.com

SOURCE LendingTree

Website: http://www.lendingtree.com
 
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