LendingTree Re-launches LendingTree University

Released  June 1, 2010
By Megan Greuling

Charlotte, NC (June 1, 2010) – LendingTree, the nation’s leading online lender exchange, today announced its plan to re-launch LendingTree University, a comprehensive program designed to provide loan officers with the best-in-class training necessary to achieve success within the LendingTree Network.  Continuing its commitment to earn consumer trust in one of the largest financial decisions one can make, loan officers will learn the proper technique of engaging a client in a transparent and honorable manner. Upon completion, graduates will earn the LendingTree Gold Leaf certification.  The goal of the program is to train 5,000 loan officers each year.

“The changes in the housing and lending market over the past two years mean that now more than ever, borrowers want to transact with someone who is knowledgeable and that they know they can trust,” said LendingTree founder and CEO Doug Lebda.  “LendingTree University is another way for us to add value to our lending partners and provide extra assurance to the millions of individuals and families who trust LendingTree in their loan search.” 

In an effort to extend the program nationwide, LendingTree has partnered with Vermillion Consulting, Inc. (VCI). Focusing on consultative, relational and high-integrity solutions will lead to increased loan unit production.

“This program has a proven track record of success,” said Dale Vermillion, President and CEO of Vermillion Consulting, Inc. “In fact, a LendingTree and VCI shared lender recently experienced an increase in their loan unit production by 198 percent and their average loan revenue by 158 percent.”

Now, the LendingTree Network will have access to a proven, award winning training program to assist in navigating and thriving in today’s unique market conditions.

For more information on LendingTree or the LendingTree University, please visit www.LendingTree.com or call 1-800-555-TREE.

About LendingTree, LLC
LendingTree, LLC is the nation’s leading online lender exchange and personal finance resource, helping consumers take charge of all their financial decisions, from budgeting to money management to mortgages to credit cards and more.  LendingTree provides a marketplace that connects consumers with multiple lenders that compete for their business, as well as an array of online tools to aid consumers in their financial decisions. Since inception, LendingTree has facilitated more than 28 million loan requests and $207 billion in closed loan transactions. LendingTree, LLC is a subsidiary of Tree.com, Inc. (NASDAQ: TREE). For more information go to www.lendingtree.com or 800-555-TREE.
About Vermillion Consulting, Inc.
With nearly 30 years’ experience in the mortgage industry, Vermillion is an industry leader who has trained more than 500,000 mortgage professionals and consulted with 140 of the nation’s largest and most successful mortgage companies. He has been featured in many national publications including Good Housekeeping and on national radio and broadcast programs like FOX News and FOXBusiness.com.