LendingTree CEO: New Credit Platform Scoring Big With Borrowers
VIDEO: LendingTree is expanding beyond its legacy mortgage comparison business with a personalized credit monitoring platform, said the company's CEO Douglas Lebda. Lebda said consumers will receive a free credit score and report, as well as the ability to track all their loans on a single page. He said this will flow through to LendingTree's bottom line because it will increase the number of interactions between the company and its customers outside of home sales and refinancings. Finally, Lebda said the LendingTree's mortgage business is performing well as lenders are scrambling for new sources of business.