LendingTree Launches Predictable Volume Program for Network Lenders
CHARLOTTE, NC (February 23, 2012) – LendingTree (NASDAQ: TREE), the nation’s leading online lending exchange, today announced the launch of the Predictable Volume Program for the LendingTree lender network. Using sophisticated technology and analytics, LendingTree has been able to provide select lenders consistent, predictable lead volume since launching the pilot program. After receiving positive results and feedback, LendingTree will be rolling this program out to qualified lenders on the network.
As the new general manager of the mortgage business, Chander Matrubhutam and his team of analysts have been able to apply innovative technology and predictive analytics to the lending exchange, allowing for strategic and data-driven decisions for lead flow and operations. Since inception of the program, LendingTree has been able to consistently meet 100% of the participating lenders’ capacity levels and expects to quickly enroll more lenders into the Predictable Volume Program.
““We’re generating more lead volume and can now predict and better manage overall volume levels,” says Doug Lebda, Chairman and CEO of LendingTree. “Everything Chander and the marketing team have put into place is working. We can now deliver predictable and consistent mortgage lead volume without sacrificing quality, making LendingTree a stronger partner for our network.”
“LendingTree’s pilot program has provided us with the requested lead volume on a consistent day-in, day-out basis,” said Mike Horn, senior vice president at Lenders Direct, a participant in the Predictive Volume pilot program. “It’s given us a better line-of-sight for planning, budgeting and expected lead conversion.”
Lenders interested in joining the LendingTree network or for more information please visit http://www.lendingtree.com/about-us/partner-with-lendingtree/get-internet-mortgage-leads/sign-up/
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 28 million loan requests and $214 billion in closed loan transactions. LendingTree provides access to lenders offering mortgages and refinance loans, home equity loans/lines of credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc. (NASDAQ: TREE). For more information go to www.lendingtree.com, dial 800-555-TREE , join our Facebook page and/or follow us on Twitter @LendingTree.