FinovateSpring 2015 / LendingTree
Presenter Profile:
How they describe themselves: LendingTree is the nation’s leading online loan marketplace, empowering consumers during the mortgage, refinance, personal, student, and auto loan process. LendingTree provides an online marketplace, which connects consumers to multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan and save money on their money.
How they describe their product/innovation: My LendingTree is a personalization platform with a dashboard to view all credit-related accounts. Using a proprietary, intelligent savings and recommendation engine, LendingTree alerts consumers when there is an opportunity to save money based on real-time data on the LendingTree network.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
Contacts:
Bus. Dev.: Jamie Saxe, VP Bus. Dev., james.saxe@lendingtree.com & Bruce Cook, SVP Bus. Dev., bruce.cook@lendingtree.com
Press: Megan Greuling, Sr. Communications Manager, megan.greuling@tree.com
Sales: Sam Mischner, SVP Lending Exchange, sam.mischner@lendingtree.com
Website: lendingtree.com
Blog: lendingtree.com/blog
Twitter: @LendingTree
HQ: Charlotte, NC
Product Demoed: My LendingTree
Product Launch: May 2015
Metrics: Employees: 220, Market Cap: $496.53M, Stock price: $47.00 per share as of market close 2/25/15, up over 35% y/y, Partnerships: Over 350 active lenders, including Wells Fargo, Prosper Marketplace, Lending Club, Quicken Loans, Discover, and more. To date, we’ve facilitated more than 35M loan requests and almost $300B in closed-loan transactions.
Presenters: Nikul Patel (CTO & CPO), Gabe Dalporto (CMO & President, Lending)
- Key Executives
Doug Lebda (CEO, Founder & Chairman), Gabe Dalporto (CMO & President, Mortgage), Alex Mandel (CFO), Nikul Patel (CPO), Claudette Hampton (SVP & Human Resources)
Key Stats
- Key Board Members
Peter Horan (CEO, Horan MediaTech Advisors), Steve Ozonian (CRO, Carrington Mortgage Holdings), Neal Dermer (VP & Treasurer, Liberty Media), Craig Troyer (Liberty Media)
- Key Investors
Liberty Media, G2 Capital, Doug Lebda
- Key Partnerships
Over 350 active lenders, including Wells Fargo, Prosper Marketplace, Lending Club, Quicken Loans, OneMain, SpringLeaf, Loan Depot, Discover & more