CHARLOTTE, N.C., June 27, 2016 /PRNewswire/ -- LendingTree®, the
nation's leading online loan marketplace, today announced the
launch of its CRA-eligibility tool, which enables banks and lending
institutions subject to CRA evaluations to easily identify low- to
moderate-income borrowers which meet CRA criteria, promoting access
to credit within these traditionally underserved communities.
The Community Reinvestment Act (CRA), which was enacted in 1977,
is designed to encourage banks to help rebuild and revitalize
communities through sound lending and good business judgment that
benefits the banks and the communities they serve.
"LendingTree's new matching capability offers more financing
opportunities to borrowers who may otherwise find difficulty in
securing loans due to income requirements," said Doug Lebda, founder and CEO of LendingTree.
"We're focused on continuing to provide our lender network with
solutions that create operating and marketing efficiencies while
also benefiting consumers."
For lenders interested in LendingTree's new CRA eligibility
program, please visit
www.lendingtree.com/about/partner-with-us/register or contact
CRA@LendingTree.com.
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, 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