LendingTree is the nation’s leading online loan marketplace with the industry’s largest network of lenders. Their service provides consumers with a way to connect with multiple lenders for a number of financial borrowing needs. From the comfort of their homes, consumers can fill out one simple form and shop, compare, and save on the loans they need.
With a MyLendingTree account, consumers can track their credit score, review all loan and credit card accounts, and are even notified when LendingTree identifies a savings opportunity based on real-time data. They offer a variety of informational resources and tools for borrowers to help them manage their finances and have an informed experience. Financial calculators, interactive loan coaching tools, monthly newsletters, lender ratings and reviews – they’re all available to the consumer. And the best part? It’s all free.
With so many of the nation’s leading lending institutions included in the LendingTree marketplace, including regional and local lenders, the company must adhere to a considerable amount of regulatory oversight. Lending compliance includes banking regulations and consumer protection laws, all of which need to be carefully considered when working on B2B and B2C accounts.
To aid in their efforts to remain in compliance while fostering collaboration amongst departments, LendingTree called for a centralized location where their legal and compliance teams could retain control of the information being shared, including marketing and other materials. They turned to ProofHQ for a practical solution.