LendingTree is an online lending exchange. LendingTree is a web-based company that operates an online lending marketplace that facilitates matching borrowers and lenders. LendingTree.com provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, credit cards, as well as access to student loans and commercial lending products.

History

Launched in 1998 with headquarters in Charlotte

CHARLOTTE

- CHARLOTTE :CHARLOTTE is an American blues-based hard rock band that formed in Los Angeles, California in 1986. Currently, they are signed to indie label, Eonian Records, under which they released their debut cd, Medusa Groove, in 2010. Notable Charlotte songs include 'Siren', 'Little Devils',...

, LendingTree, LLC also owns and operates LendingTree Loans, GetSmart.com, and HomeLoanCenter.com. LendingTree, LLC is a business of Tree.com, Inc. .

LendingTree was part of IAC Financial Services and Real Estate, an operating company of IAC.

In 2008, 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, LLC; LendingTree Loans; GetSmart.com; HomeLoanCenter.com; RealEstate.com; Realtors iNest.com; and Domania.com.

LendingTree loans recently bought Surepoint Lending (a privately-owned mortgage company that did business as First Residential Mortgage Network Inc) which entails growth for the company and greater market share. Surepoint is headquartered in Louisville, Kentucky and has branch locations in Nashville, Tampa

Tâmpa

Tâmpa may refer to several villages in Romania:* Tâmpa, a village in Băcia Commune, Hunedoara County* Tâmpa, a village in Miercurea Nirajului, Mureş County* Tâmpa, a mountain in Braşov city...

, and Indianapolis

Indianapolis

Indianapolis is the capital of the U.S. state of Indiana, and the county seat of Marion County, Indiana. As of the 2010 United States Census, the city's population is 839,489. It is by far Indiana's largest city and, as of the 2010 U.S...

. Surepoint had nearly 500 employees, including more than 300 licensed loan officers when it was acquired.

Antitrust lawsuit

In 2010, BanxCorp

BanxQuote

BanxQuote is a bank rate website and consumer banking marketplace featuring dynamically updated daily market rates on banking, mortgage and loan products, connecting consumers with financial institutions throughout the United States....

 began antitrust

Antitrust

The United States antitrust law is a body of laws that prohibits anti-competitive behavior and unfair business practices. Antitrust laws are intended to encourage competition in the marketplace. These competition laws make illegal certain practices deemed to hurt businesses or consumers or both,...

legal proceedings against more than 100 companies, including LendingTree.