LendingTree Names New Lender Sales Team

CHARLOTTE, N.C., July 22, 2008 – Today, LendingTree introduces a new national lender sales team that includes industry veterans from companies such as National City Mortgage, Morgan Stanley and Goldman Sachs.

The new team is divided into five geographical regions covering the entire United States. The team’s mission is to ensure great borrower experiences by recruiting new lenders to the LendingTree Exchange competitive marketplace, expanding upon existing lender opportunities, and providing more direct lender support. The team, which will reside in the field to allow for better accessibility and more frequent in-person meetings, will consist of the following sales executives:

• Peggy Rubadue, formerly with National City Mortgage, is responsible for the Northeast and Midwest regions.

• Sarah Wilson, formerly a sales account executive with LendingTree, is now responsible for the East region.

• Brian Hilberth, formerly with Morgan Stanley, is responsible for the South region.

• Robert Ross, formerly with Goldman Sachs, is responsible for the West region.

Each new sales executive is partnered with a regional manager who resides at the LendingTree corporate headquarters in Charlotte, N.C. The regional managers serve as the day-to-day contacts for lenders helping each enhance overall customer satisfaction, as well as discovering new business opportunities to expand their portfolios. The team of sales executives together will offer lenders both long and short form borrowers from the company’s brands including LendingTree, LendingTree QuickMatch and GetSmart.

“I’m excited to have our new sales team in place and look forward to the impact they will make to our national marketplace of lenders,” says Ben Cowen, vice president of sales with LendingTree. “This is an exciting move for the LendingTree Exchange and will help us grow our competitive network, ensure we continue to provide top-notch service to our existing lenders, and ultimately provide a great experience for consumers who choose LendingTree to find competitive loans.”

LendingTree provides more than 250 lenders from across the country a viable source of interested borrowers looking for home loans such as new purchase mortgage, refinance and home equity, as well as personal and auto loans. Since the company’s inception in 1998, it has facilitated more than 23 million loan requests and $185 billion in closed loan transactions.

For more information about the new sales team and joining the LendingTree Exchange marketplace, please contact Ben Cowen at (704) 943-8615 or visit www.lendingtree.com.

About LendingTree, LLC
LendingTree, LLC is the nation’s number one online lending exchange, providing a marketplace that connects consumers with multiple lenders that compete for their business. Since inception, LendingTree has facilitated more than 23 million loan requests and $185 billion in closed loan transactions. LendingTree provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans and credit cards via www.lendingtree.com and 800-555-TREE.

Launched in 1998 with headquarters in Charlotte, North Carolina, LendingTree, LLC also owns and operates LendingTree Loans sm, LendingTree Settlement Services, LLC, GetSmart®, and HomeLoanCenter.com. LendingTree, LLC is an operating company of IAC (NASDAQ: IACI).