LendingTree Launches New Tool to Connect Lenders with CRA-Eligible Borrowers
New lender tool supports CRA requirements by matching low- to moderate-income borrowers with lenders best suited to meet their financing needs
The Community Reinvestment Act (CRA), which was enacted in 1977, is designed to encourage banks to help rebuild and revitalize communities through sound lending and good business judgment that benefits the banks and the communities they serve.
"LendingTree's new matching capability offers more financing opportunities to borrowers who may otherwise find difficulty in securing loans due to income requirements," said Doug Lebda, founder and CEO of LendingTree. "We're focused on continuing to provide our lender network with solutions that create operating and marketing efficiencies while also benefiting consumers."
For lenders interested in LendingTree's new CRA eligibility program, please visit www.lendingtree.com/about/partner-with-us/register or contact CRA@LendingTree.com.