BNET Industries
Last Fiscal Year Sales:$111.4M
- Private
- US
Dow Jones Description
LendingTree sprung out of a vision by founder and CEO Doug Lebda in 1996 to make the lending process more consumer-friendly, and has been grown by leaps and bounds from then. Since its inception, the company has helped more than 20 million borrowers. After a successful initial public offering (IPO) in 2000, LendingTree was acquired by Barry Diller's IAC (NASDAQ: IACI), a family of high-growth interactive companies that includes Ask.com, Ticketmaster and Match.com. Meanwhile, HomeLoanCenter.com was founded in 2002 by Anthony Hsieh as the first online mortgage company to offer consumers direct access to the most diverse array of mortgage products available. Specializing in finding "a loan for every home," HomeLoanCenter.com grew from six to more than 900 employees in just over two years. In 2004, LendingTree and HomeLoanCenter.com combined forces to become the nation's dominant online mortgage resource. As mortgage rates remain near historic lows in 2007, and housing values stabilize in a market that's forecasted to top $2.39 trillion in fundings, LendingTree continues to develop and leverage the number one brand in financial services. Our valued employees help us achieve our goals, and we're adding to our team to build our future.
Senior Vice President, Chief Financial Officer & Chief Accounting Officer
Matthew PackeyNumber of Employees 500
Contact Information
11115 Rushmore Dr
Charlotte, North Carolina 28277
(704) 541-5351
Peer Companies
NAICS Code All Other Personal Services: 812990
Recent Events
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BRIEF-LendingTree and Mortech resolve lawsuit
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LendingTree Selects ExactTarget, Aprimo to Launch New Campaign
News & Analysis
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investment and lendingtree - All News and Analysis
Avoiding Negative Equity
BNET
- 2008-11-10
Home buyers can position themselves to avoid being underwater on their mortgage. If you're thinking about buying a home, you may be concerned about the prospect of negative equity. Also referred to as being "Underwater" or "Upside-down," negative equity occurs when you owe more on your mortgage than your home...
Survey Finds Tougher Loan Requirements
BNET
- 2008-06-04
It's no secret that banks have raised the bar for borrowers who want to get a new home loan. The fact is that today's requirements may be significantly more challenging, regardless of whether you want to buy a home, refinance your current mortgage or take out a home equity loan...
Can The Fed Rate Cut Benefit Borrowers?
BNET
- 2008-03-20
The rate cut may be good news for borrowers, even though the Fed's decision doesn't directly reduce interest rates on consumer or home loans. Instead, the rate cut can influence short-term interest rates on home equity lines of credit, adjustable-rate mortgages tied to the prime rate, car loans and credit...
6 Ways The Fed Rate Cut Could Affect You
BNET
- 2008-01-31
This paper explains how to interpret the Fed's action and how interest rates might be affected. The interest rate on home equity lines of credit are usually tied to the prime rate. The prime rate is tied to the federal funds rate, so cut should result in a drop in...
3 Things To know Before You Apply For A Loan
BNET
- 2008-01-14
There's nothing like being armed with knowledge to save yourself some money, so it stands to reason that it pays to educate yourself before financing any major purchase. This paper explains about three things you should know before you apply for a loan. As a rating of your credit worthiness,...
Piggyback Loans Let You Tap Your Home Equity When Buying
BNET
- 2007-09-11
Homebuyers can use a second mortgage or line of credit to help with a down payment, or to finance other needs and wants. A "Piggyback" loan is usually defined as any type of second loan that's closed at the same time as your first mortgage. The piggyback may be a...
Top 10 House-Buying Mistakes
BNET
- 2007-08-06
Buying a house is the largest investment most people ever make. Yet all too often it's a decision made in haste without adequate preparation. This paper enlists of common house-buying mistakes to avoid costly regrets. Buying a house is a complex transaction. Even if you don't use an agent, you'll...
Fidelity increases investment in Lendingtree
- 2002-12-01
LENDINGTREE INC., CHARLOTTE, NORTH CARolina, announced that one of its early investors sold a portion of its preferred stock holdings in a private sale to three companies wholly owned by Fidelity National Financial Inc. FNF, Santa Barbara, California. FNF purchased a total of 1.84 million shares of LendingTree's series-A 8-percent...
Lendingtree Files Ipo
- 2000-01-01
CHARLOTTE, NORTH CAROLINA-BASED LendingTree, Inc., has announced it has filed a registration statement with the Securities and Exchange Commission relating to the initial public offering IPO of its common stock. The shares will be offered through a syndicate led by Merrill Lynch Pierce Fenner & Smith. The co-managers of the...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Matthew Packey | Senior Vice President, Chief Financial Officer & Chief Accounting Officer |
| Bob Harris | Senior Vice President, Marketing |
| Claudette Hampton | Senior Vice President of Human Resources |
| Eric Cunliffe | Senior Vice President, Realty Services |
| Kimberly Gorsuch-Bradbury | Senior Vice President, Strategy & Corp Development |
| Robert J. Flemma | General Counsel, Senior Vice President & Secretary |
| David Norris | Vice President of Corporate Quality |
| April Whitlock |
| Organization | Position | Status |
|---|---|---|
| LendingTree, LLC | Senior Vice President, Chief Financial Officer & Chief Accounting Officer | Current |
| LendingTree, LLC | Vice President & Controller | Former |
Robert Harris , age 49, is the President of our LendingTree Exchange business and has served in such capacity for LendingTree since June 2008. Mr. Harris previously served as President and Chief Operating Officer of the Lending Business from May 2007 through January 2008 and as its Vice Chairman from January 2008 through June 2008. Mr. Harris joined LendingTree as Vice President of Marketing in June 2000 and served as Chief Marketing Officer of LendingTree from September 2003 through April 2007. Prior to joining LendingTree, Mr. Harris served as Managing Director, Consumer Marketing of The Coca-Cola Company and worked at McCormick & Company, where he was responsible for leading brand marketing, new products and sales initiatives within the U.S. Consumer Products Group.
| Organization | Position | Status |
|---|---|---|
| Tree.Com, Inc. | President, Lendingtree Exchange | Current |
| LendingTree, LLC | Senior Vice President, Marketing | Current |
| LendingTree, LLC | Chief Marketing Officer | Former |
| LendingTree, LLC | Vice President of Marketing | Former |
| Organization | Position | Status |
|---|---|---|
| Tree.Com, Inc. | Senior Vice President, Human Resources | Current |
| LendingTree, LLC | Senior Vice President of Human Resources | Current |
| Baker & Taylor, Inc. | Senior Vice President, Human Resources | Former |
| Bristol-Myers Squibb Company | Former | |
| University of South Carolina | Masters of Mass Communications | Former |
| Organization | Position | Status |
|---|---|---|
| LendingTree, LLC | Senior Vice President, Realty Services | Current |
| Organization | Position | Status |
|---|---|---|
| LendingTree, LLC | Senior Vice President, Strategy & Corp Development | Current |
| Organization | Position | Status |
|---|---|---|
| LendingTree, LLC | General Counsel, Senior Vice President & Secretary | Current |
David Norris , age 43, is the President of LendingTree Loans, and has served in such capacity since June 2008. Mr. Norris previously served as Senior Vice President of LendingTree Loans and LendingTree, LLC, with responsibility for several areas, including Business Planning & Intelligence, Project Management, Call Center, Customer Experience, Six Sigma, and Sales Training. Mr. Norris joined LendingTree in September 2006 as Vice President of Corporate Quality. Prior to joining LendingTree, Mr. Norris served as Vice President of Service and Solutions for Toshiba America's Digital Products Division where he was responsible for delivering customer solutions and all post-sale product support. Within Toshiba, Mr. Norris also served as Vice President of Management Innovation.
| Organization | Position | Status |
|---|---|---|
| Tree.Com, Inc. | President (Hlc) | Current |
| LendingTree, LLC | Vice President of Corporate Quality | Current |
| LendingTree, LLC | Senior Vice President | Former |
| Home & Loan Center | Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Mom Corps | Senior Vice President, Marketing & Programs | Current |
| LendingTree, LLC | Current | |
| Duke University | Bachelor's Degree In Public Policy and Political Science | Former |
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