LendingTree, Inc.
6701 Carmel Rd., Ste. 205
Charlotte, NC 28226
Phone: 704-541-5351
Fax: 704-541-1824
lendingtree.com
LendingTree has set down roots on the Internet
amid a forest of other online loan operations.
The company, which bills itself as a loan market,
lets consumers complete one loan application
that is shopped around to multiple lenders.
(Among the 90 or so participants are such
major lenders as BANK ONE, Citibank, and
Chase Manhattan.) Customers select the
lenders that offer the most favorable terms for
their mortgages, credit cards, or home equity,
auto, or personal loans. The service is free to
consumers but LendingTree charges lenders
transaction fees upon transmitting the loan
application and again when the loan is closed. It
also licenses its proprietary close software to
competing loan markets.
Top Competitors
Countrywide Credit | E-Loan | Intuit
IPO Information
Filing Date: Dec 1, 1999
Expected IPO Date: Feb 14, 2000
Proposed offer price: $10.00 to $12.00
Shares offered (mil.): 3.65
Offering amount (mil.): $40.1
Post-offering shares (mil.): 17.16
Underwriters:
Merrill Lynch & Co.; Lehman Brothers;
Prudential Securities Incorporated; Wit Capital
Corporation |
