After experiencing the frustrations and complexities of getting his first mortgage, Doug envisioned a way to simplify the loan shopping process. Instead of physically going to multiple banks, customers could go to a website where the banks would compete for their business. That was 1996, and the website would become the one you’re reading right now.
After launching nationally in July 1998, Doug led LendingTree through a successful IPO in 2000, the dot-com meltdown of 2001 and a successful sale to IAC/InterActiveCorp in 2003. From 2005 to 2008, Doug served as IAC’s President and Chief Operating Officer, and in 2008, joined the newly formed Tree.com (rebranded as LendingTree) as it spun out from IAC as a separate public company. Before founding LendingTree, Doug worked as an auditor and consultant for PriceWaterhouseCoopers.