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Loan Specialty: Diverse Network of Mortgage Lenders
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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.
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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.
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).
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.
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.
Lending Tree highlights several products for the homeowner
or financing seeker: home improvement, debt consolidation, home equity
line of credit, RV, motorcycle and purchases.
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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