LendingTree does not charge any kind of fee for the service of matching borrowers with lenders. In addition, no lender that you are matched with through LendingTree will ask you for any upfront fees to "guarantee" or "insure" a loan. Beware if you are asked for a fee or "insurance" before completing an application with a loan officer. No legitimate lender does this.
If you receive calls, letters or emails from “lenders” who say that they are LendingTree or who tell you that they represent LendingTree, make sure you know the facts:
LendingTree only matches customers with lenders on our network, including Home Loan Center or LendingTree Loans. You will be notified of lenders you are matched with either through emails from LendingTree, by a LendingTree Loan Specialist or by a Home Loan Center Specialist through emails or over the phone. Click here to review a full list of LendingTree lenders.
LendingTree and our lenders will not ask you to pay any money for approving a loan, guaranteeing a loan or for "insuring" a loan.
LendingTree and our lenders will not ask you to send a copy of your driver’s license or social security card before you have submitted an application with a loan officer. Please note: If you complete a loan request through LendingTree, you have not completed a loan application. You must do this with the lenders with whom you are matched.
LendingTree and our lenders will never ask for your bank account information before you complete your loan application.
Legitimate lenders may ask for and charge an interest rate lock fee, application fee or appraisal fee once you begin working with a loan officer. LendingTree suggests that you use a credit card when paying any fee for your protection.
For additional information on this important issue, please see the FTC notice on Advance-Fee Loan Scams.