CHARLOTTE, N.C., Dec. 17, 2015 /PRNewswire/ -- LendingTreeĀ®
(NASDAQ: TREE), the nation's leading online loan marketplace, has
seen the home equity lending market expand as borrowers seek to
leverage their homes' equity and more lenders join LendingTree's
marketplace.
In the fourth quarter alone, LendingTree has added 14 new
lenders to its home equity marketplace, which now includes 30
lenders and encompasses three of the top five largest US home
equity lenders.
LendingTree's average daily home equity loan requests have
increased approximately 63 percent from January 2015 to November
2015. With the increased lender demand, the number of
matches facilitated through LendingTree's marketplace are expected
to grow nearly 50 percent quarter over quarter.
"This resurgence is fueled by several factors including home
value appreciations and a strengthening housing market, which is
attracting more borrowers and lenders to an expanding home equity
market," said Doug Lebda, founder
and CEO of LendingTree. "Consumer confidence and improving equity
positions are allowing borrowers to access the equity in their
homes. LendingTree's platform provides an easy mobile-enabled
home loan shopping experience for consumers and delivers
high-quality borrowers to lenders on the network."
Gabe Dalporto, LendingTree's CFO
added, "We're more confident than ever that home equity loans will
be a significant growth driver in 2016."
For more information, please visit
www.lendingtree.com/home-equity-loans.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
The matters contained in the discussion
above may be considered to be "forward-looking statements" within
the meaning of the Securities Act of 1933, as amended, and the
Securities Exchange Act of 1934, as amended by the Private
Securities Litigation Reform Act of 1995, as amended. Those
statements include statements regarding the intent, belief or
current expectations or anticipations of the Company and members of
its management team. Factors currently known to management that
could cause actual results to differ materially from those in
forward-looking statements include the following: adverse
conditions in the United States or
global capital markets; adverse conditions in the primary and
secondary mortgage markets and in the economy, particularly
interest rates; willingness of lenders to make unsecured personal
loans and purchase leads for such products from the Company;
seasonality of results; potential liabilities to secondary market
purchasers; changes in the Company's relationships with network
lenders; breaches of network security or the misappropriation or
misuse of personal consumer information; failure to provide
competitive service; failure to maintain brand recognition; ability
to attract and retain customers in a cost-effective manner; ability
to develop new products and services and enhance existing ones;
competition; allegations of failure to comply with existing or
changing laws, rules or regulations, or to obtain and maintain
required licenses; failure of network lenders or other affiliated
parties to comply with regulatory requirements; failure to maintain
the integrity of systems and infrastructure; liabilities as a
result of privacy regulations; failure to adequately protect
intellectual property rights or allegations of infringement of
intellectual property rights; and changes in management.
These and additional factors to be considered are set forth under
"Risk Factors" in the Company's Annual Report on Form 10-K for the
period ended December 31, 2014,
Quarterly Reports on Form 10-Q for the periods ended June 30, 2015 and September 30, 2015, the prospectus supplement
related to the offering and other filings with the Securities and
Exchange Commission. The Company undertakes no obligation to update
or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results or expectations.
About LendingTree
LendingTree (NASDAQ: TREE) is the nation's leading online loan
marketplace, empowering consumers as they comparison-shop across a
full suite of loan and credit-based offerings. LendingTree
provides an online marketplace which connects consumers with
multiple lenders that compete for their business, as well as an
array of online tools and information to help consumers find the
best loan. Since inception, LendingTree has facilitated more than
55 million loan requests. LendingTree provides free monthly credit
scores through My LendingTree and access to its network of over 350
lenders offering home loans, personal loans, credit cards, student
loans, personal loans, business loans, home equity loans/lines of
credit, auto loans and more. LendingTree, LLC is a subsidiary of
LendingTree, Inc. For more information go
to www.lendingtree.com, dial 800-555-TREE, like
our Facebook page and/or follow us on
Twitter @LendingTree.
MEDIA CONTACT:
Megan
Greuling
704-943-8208
Megan.Greuling@LendingTree.com
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SOURCE LendingTree