Lending Tree


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Loan Specialty: Diverse Network of Mortgage Lenders

For financing and a parade of lenders competing for your business, Lending Tree is the intermediary loan source. Their online loan center offers a variety of loan flavors and options.

Reputation

Lending Tree has a solid reputation amongst homeowners, realtors and borrowers. Over 10 million dollars in loan requests have been processed on the site. In loan and real estate transactions, seventy billion dollars have been closed via Lending Tree. The site also follows the U.S. policy for achieving equal housing opportunity throughout the nation. Lending Tree is a member of the TRUSTe program, an independent, non-profit initiative whose mission is to build users' trust and confidence in the Internet by promoting the principles of disclosure and informed consent.

Loan Process

Overall, the loan process at Lending Tree is straightforward. First, the borrower needs to complete an online loan request. Then the loan request is forwarded to four lenders in the network. Within one business day, the lenders will contact the borrower with a decision about the loan request. The lenders will post their decision about the loan request on the Lending Tree. As each Lender posts their decision, the borrower is notified via email. If Lending Tree cannot match your request, they will notify you immediately. (Until you accept a loan offer, there are not any fee obligations to the lenders).

Customer Service

The customer support at Lending Tree is efficient. Customers are encouraged to contact Lending Tree at their toll-free number. Their customer care department is open 18 hours a day, Monday through Friday until 2:00 am EST. During the weekend, customer care is open until 11:00 pm. After you fill out an application with Lending Tree, the customer service department will email the names of the lenders who are reviewing your loan request.

Service Limitations

For residents in Tennessee, Lending Tree cannot accept requests for less than $10,000. Another drawback is that Lending Tree does not guarantee that all visitors will get a loan offer.

Other products

Lending Tree highlights several products for the homeowner or financing seeker: home improvement, debt consolidation, home equity line of credit, RV, motorcycle and purchases.

Loan Edge

The best feature with Lending Tree– is that the Lenders do not know how many other lenders are vying for your business. As a result, the lenders offer the most competitive offers. There is no cost or obligation with the use of the site. Lending Tree has a free membership program peppered with many privileges (discounts and savings on products).


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