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Last $104.94 USD
Change Today +6.50 / 6.60%
Volume 277.6K
TREE On Other Exchanges
Symbol
Exchange
Berlin
As of 8:10 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

11115 Rushmore Drive

Charlotte, NC 28277

United States

Phone: 704-541-5351

Fax:

LendingTree, Inc., through its subsidiaries, operates an online loan marketplace for consumers seeking a range of loan types and other credit-based offerings. The company offers consumers tools and resources, including free credit scores, which help them to comparison-shop for mortgage loans, home equity loans and lines of credit, reverse mortgages, personal loans, auto loans, student loans, credit cards, small business loans, and other related offerings. Segments The company operates through four segments: Lending, Auto, Education, and Home Services. Lending segment In this segment, the consumers seeking home mortgage loans, home equity loans or lines of credit, reverse mortgages and personal loans could access the company’s nationwide marketplace of approximately 350 banks, specialty finance providers, alternative lending platforms, credit unions, loan brokers and other lenders or intermediaries online (through www.lendingtree.com or www.getsmart.com) or by calling 1-800-555-TREE. The company refers to these various types of lenders as its marketplace lenders. Mortgage Products The company’s mortgage products within this segment include its purchase, refinance, and rate table products. The company partners with lenders throughout the country to provide full geographic lending coverage and to offer a suite of loan offerings on the company’s marketplace. The company performs certain due diligence procedures on prospective new lenders, including screening against a national anti-fraud database maintained by the Mortgage Asset Research Institute, which helps manage its risk exposure. Consumers seeking mortgage loans through the company’s loan marketplace could receive multiple conditional loan offers from participating lenders in response to a single loan request form. The company refers to the process by which it matches consumers and marketplace lenders as the matching process. This matching process consists of the following steps: Loan Request: Consumers complete a single loan request form with information regarding the type of home loan product they are seeking, loan preferences and other data. Consumers also consent to a soft inquiry regarding their credit. Loan Request Form Matching and Transmission: The company’s proprietary systems and technology match a given consumer's loan request form data, self-reported credit profile and geographic location against certain pre-established criteria of marketplace lenders, which might be modified from time to time. Once a given loan request passes through the matching process, the loan request is automatically transmitted to approximately five participating marketplace lenders. Lender Evaluation and Response: Marketplace lenders that receive a loan request form evaluate the information contained in it to determine whether to make a conditional loan offer. If any of the marketplace lenders initially receiving a loan request do not respond with a conditional loan offer, the loan request form is directed through the matching process a second time in an attempt to match the consumer with other marketplace lenders, up to a maximum of five. Communication of a Conditional Offer: If one or more marketplace lenders make a conditional offer, the consumer is automatically notified through email to return to the company’s Website and log in to a Web page that presents the customized loan offers (My Account). Through the My Account Web page, consumers might access and compare the proposed terms of each conditional offer, including interest rates, closing costs, monthly payment amounts, lender fees and other information. Loan Processing: Consumers might then elect to work offline with relevant marketplace lenders to provide property information and additional information bearing on their creditworthiness. If a marketplace lender approves a consumer's application, it might then underwrite and originate a loan. Ongoing Consumer and Lender Support: Active email and telephone support are provided to both marketplace lenders and consumers during the matching and transmission process. This support is designed to provide technical assistance and increase

 

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Industry Analysis

TREE

Industry Average

Valuation TREE Industry Range
Price/Earnings 79.5x
Price/Sales 5.9x
Price/Book 10.8x
Price/Cash Flow 39.1x
TEV/Sales 5.4x
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