LendingTree's First-ever iPhone App Puts Competing Mortgage Quotes in the Palm of Your Hand

Total user control -- You decide which lenders can contact you

CHARLOTTE, NC (January 27, 2010) – LendingTree, who has already helped more than 27 million customers search for the right loans, today announced the launch of its first-ever iPhone App, the Mortgage RateFinder, now available at the Apple Store. This free application allows a user to get up-to-the-minute loan offers without any personal information being shared. To view the LendingTree Mortgage RateFinder App and get important rate and disclosure information, please visit: http://www.lendingtree.com/appstore/.

The free Mortgage RateFinder App is extremely user friendly. You simply enter information about the loan you would like. The App then performs a quick search of participating lenders and instantly provides users with customized loan offers. Users can choose to receive up to 30 different offers! Once you find a great offer, you simply click to be contacted by that lender and move forward with the loan request.

"Whether refinancing or purchasing a home, today's consumer demands greater speed and accessibility to competitive mortgage offers and we are very excited to now provide instant access to offers on your iPhone," said Doug Lebda, founder and CEO of LendingTree. "LendingTree was the first company to deliver transparency and efficiency to the mortgage process by forcing banks to compete for your business and we hope to build upon our success with our expansion into the smartphone market."

Feature Highlights

  • Completely FREE App, Completely FREE offers
  • Search anonymously
  • Customized rates based on your loan profile
  • Search as often as you would like
  • One click to be contacted
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    Privacy, Privacy, Privacy
    LendingTree is strongly committed to protecting the privacy of all its customers. That is why Mortgage RateFinder users’ personal information is not shared in order to receive customized loan offers. Only once the consumer requests to be contacted by a lender is their information transmitted to that specific lender. Furthermore, no lender can contact you without your pre-approved consent.

    About LendingTree, LLC
    LendingTree, LLC is the nation’s leading online lender exchange and personal finance resource, helping consumers take charge of all their financial decisions, from budgeting to money management to mortgages to credit cards and more.  LendingTree provides a marketplace that connects consumers with multiple lenders that compete for their business, as well as an array of online tools to aid consumers in their financial decisions. Since inception, LendingTree has facilitated more than 27 million loan requests and $207 billion in closed loan transactions. LendingTree, LLC is a subsidiary of Tree.com, Inc. (NASDAQ: TREE). For more information go to www.lendingtree.com or 800-555-TREE.