LendingTree to Partner with Westlake on Indirect Auto Lending Platform
LendingTree®, the nation’s leading online financial services marketplace, has announced that is launching an indirect auto lending platform, which will enable consumers to shop and compare pre-qualified indirect auto loan rates on LendingTree.com.
For over 10 years, LendingTree has helped millions of consumers shop for auto loans with direct lenders like CapitalOne and LightStream. Through completed integrations with both RouteOne and DealerTrack, leading F&I services platforms connecting thousands of car dealers and finance sources, LendingTree is now positioned to empower consumers with instant finance offers that are fully transactable at the dealership.
Building on its integration with DealerTrack and RouteOne, LendingTree has reached an agreement with Westlake Financial to be the company’s first indirect lending partner. Westlake Financial offers a full spectrum of competitive auto finance solutions to accommodate a multitude of customers with their desired vehicle, whether they have great credit, good credit or challenged credit.
“We’re thrilled to bring on Westlake Financial, their expansive dealer network and over 30 years of experience to our indirect platform,” said Mike Funderburk, General Manager, Auto Loans at LendingTree. “Empowering our consumers with high quality transactable loan offers that can save them significant time at the dealership will be a meaningful shift in the consumer experience that will benefit everyone involved.”
“We are excited to establish this partnership with Lending Tree as they have proven to be a trusted leader in the online automotive marketplace,” stated Ian Anderson, Group President of Westlake Technology Holdings. “The importance of providing customers with a streamlined online car buying process was highlighted all throughout 2020. I’m confident that this partnership will allow both parties to make an even bigger impact within the automotive industry, all while improving the car shopping experience for consumers,” commented Anderson.
For lending partners interested in joining the indirect auto lending platform, please visit https://www.lendingtree.com/forms/partners/PartnerWithUsv4