LendingTree

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LendingTree can be aptly called a lending exchange. The company web site offers its customers a service where up to four financiers will compete for fulfilling their requirement and therefore provide the customer the most cost-effective service. LendingTree claims to have nine of the ten most popular lenders in the country as a part of their LendingTree Network.

With a toll free number in large bold print at the top of the page and TRUSTe and BBB liability program logos at bottom, this online marketplace exudes the aura of a truly professional site at which to find loans and feel that you are getting the best possible product at viable rates. Prospective loan customers are given the option to choose from four competitive offers by various popular lenders. This option tends to empower us as customers and seems cost-effective as well. The concept is innovative, especially today when there are hundreds of lenders and millions of loan-seekers in the country.

LendingTree brings several loan-related services under one banner and makes it easier for visitors to access these services effectively. The various loans available under LendingTree’s service profile include home refinance, home mortgage, home equity, auto refinance, auto loan, student loans, and commercial loans. LendingTree also provides real estate services and other ancillary services like credit reports, credit scores and insurance quotes.

In bringing these loan services under one roof, LendingTree is something of a one-stop-shop. The online process makes loan hunting easier for customers, especially since the web site does away with the old fashioned protocol of endless telephone loan negotiations or even having to browse several web sites before finding the information you need.

The LendingTree loan process begins with picking a loan type, a state, and a property description. Customers can fill out a simple form and be presented with suitable quotations. Though the web site requires you to submit your personal information, they also declare a privacy policy. As mentioned, LendingTree.com is reviewed by TrustE, an “independent, non-profit initiative whose mission is to build users' trust and confidence in the Internet by promoting TRUSTe's principles of fair information practices.”

LendingTree claims to have processed $109 billion worth of loans in the last seven years and welcomes customers querying them for more information. Although it would have been easier if the customers were provided with more than just price quotes, the website can be very helpful for customers who are uncertain about lenders. The site is reasonably flexible to navigate but could conceivably offer more information about loan processes and LendingTree’s own functioning.

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