LendingTree Launches Comparison Shopping Platform for Personal Loans
Continuing to improve and diversify, LendingTree overhauls its personal loan
product to simplify experience for lenders and borrowers
CHARLOTTE, N.C., Aug. 12, 2013
CHARLOTTE, N.C., Aug. 12, 2013 /PRNewswire/ --LendingTree, the nation's
leading online source for competitive loan offers, has launched a new
comparison shopping platform for the emerging personal loan market segment.
Through lender integration and collaboration, the new personal loan shopping
experience has been streamlined and optimized to simplify the process for
borrowers and financial institutions.
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Lenders and borrowers benefit from enhanced offer and offer detail pages which
link directly to pre-populated loan applications on the lenders' site, greatly
simplifying the steps from loan offer to origination. Because LendingTree's
upgraded personal loan product surfaces multiple offers, borrowers have more
options and the control to choose the offer that works best for them.
"We see significant growth in the personal loan space as financial
institutions are increasing their appetite for risk on uncollateralized loans
and peer-to-peer lending fuels a new kind of investor," said Nikul Patel,
LendingTree's Chief Product Officer. "Borrowers are using personal loans to
do big ticket projects and consolidate debt. Because rates can vary, we're
confident consumers are well served by comparison shopping for personal
loans. We're excited that we are able to help borrowers and lenders become
more efficient in the personal loan space."
The personal loan comparison shopping platform marks LendingTree's sixth major
lending product update this year.
For more information on personal loans, visit:
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.
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