Lending Tree Competitors | Lendingtree Competitors
Who are LendingTree Competitors today?
Lendingtree has 3 new competitors that are giving consumers a full service mortgage interest rate shopping to closing experience. These competitors do not sell the customers information to multiple mortgage companies.
Lendingtree is a lead generation marketing company that captures and sells the consumers information to several financial companies who will prospect the customer.
These competitors have employed a fintech platform that delivers real interest rates and loan pre approvals and returns loan options in one user session.
Lendingtree's competitors are leveraging on Lendingtree's weakness of not being a financial service provider for lines of credit, mortgages, home equity lines of credit and other financial services.
Fintech is software focused on financial services. Fintech is increasing the amount of competition in the country.
Fintech gives consumers the ability to receive lower interest rates on average. It also provides ease of use and saves consumers hours, weeks, and days to acquire their products
The top competitors are:
1. EquiFund Mortgage
2. Credible
3. Better
How does EquiFund Mortgage compete with Lendingtree?
EquiFund Mortgage has developed a robust fintech mortgage solution. Their web based mortgage app offers a simple and fast loan application to loan result solution.
The mortgage app pre approves applicants and returns multiple lenders real interest rate quotes and loan offers from several national mortgage lenders. It only takes one single user session to get real loan offers.
This fintech mortgage app makes EquiFund a respectable competitor to Lendingtree's business model.
EquiFund is a financial service provider that originates, processes and funds the loan request from users on their sites. EquiFund does not sell or share the site users information.
They refer to their fintech mortgage solution as a digital mortgage market place. This digital mortgage market place identifies best interest rate in market and shows all results. You can read more about the differences between EquiFund Mortgage vs Lending Tree here.
EquiFund headquarters are in Jacksonville, Florida. They have been in business for the last 22 years. EquiFund is a mortgage brokers for several National Mortgage Lenders.
Each National mortgage lender's loan programs, interest rates and underwriting guidelines have been coded into their fintech mortgage application.
The founder of Equifund Mortgage, is managed by James J. Hammond, a 23 year mortgage professional.
The company maintains a Five Star Google Reviews. Their core focus is to lower the cost of mortgage origination, provide customers the lowest interest rates by leveraging automation.
What is the difference between Lending Tree and EquiFund Mortgage?
Lendingtree is a lead generation marketing website that sells website users information to several mortgage companies and financial service providers. Lendingtree does not originate or fund loan request from their website users.
EquiFund is a financial service provider that originates and funds the loan request from website users. They does not sell or share consumers information.
They provide accurate real time loan quotes and offers from the Nations largest mortgage lenders. EquiFund provides the only lowest interest fee guarantee.
To look further you can compare EquiFund Mortgage Reviews and also look Lending Tree Reviews
What are the complaints from Lendingtree customers?
The main complaint we see from LendingTree's customers is that Lendingtree sold the customers information to several mortgage lenders.
The mortgage companies that purchase Lendingtree's customer information receive an overwhelming amount of phone calls, emails and text messages.
The other common complaint from Lendingtree's customers were the interest rates shown on Lendingtree app were not real interest rate quotes.
Lendingtree's past customers summarize their experience as negative. The past customers thought Lendingtree was an actual mortgage lender.
What is Lendingtree site traffic stats and financial revenue?
Lendingtree currently has an Alexa Site Traffic rank at 7,221. Their estimated website traffic is 12.9 million unique users for the month of August 2022.
LendingTree, Inc is publicly traded under the Nasdaq ticker symbol TREE. Their annual gross revenue for 2021 was 1.098 billion with a net income loss of $ 468.67 millions.
LendingTree's founder, Chairman & CEO is Mr. Douglas R. Lebda
EquiFund Mortgage online marketplace
EquiFund's fintech mortgage app was initially created in 2013. The mortgage app has had several major updates that all focused on delivering a better mortgage loan shopping experience for the consumer.
This web based application gives users that ability to submit basic income, credit scores, and monthly debt information to obtain real loan options based upon data submitted. This mortgage app platform tags financial products the user qualifies for.
Consumers can request and receive an instant mortgage loan pre-approval when purchasing a home.
When consumers elect to obtain a mortgage loan pre-approval, EquiFund Mortgage system will then prompt user to provide information needed to pull the credit report.
After submitting the credit request information, the user will get an immediate pre-approval response.
EquiFund mortgage lending fintech platform ranks well when compared to other competitors similar companies. This mortgage app provides all types of financial services and mortgage loans from all types of mortgage lenders.
What type of mortgage loans are on EquiFund Mortgage?
The mortgage app offers all home loan programs like FHA mortgage loans, Conventional mortgage loans, Veteran Administration mortgage loans, jumbo mortgage loans.
Minimum credit score requirements, for most programs start at 580, and may approve lower credit scores depending on the information submitted.
On this digital mortgage market place, you can submit loan request for debt consolidation, pay off credit cards, pay off personal loans or simply request cash out.
They offer purchase loans mortgages for consumers looking to purchase real estate.
What type of funding has EquiFund received?
EquiFund is a privately held company based in Florida. The total funding raised has not been disclosed. There has not been any publicly shared information for their latest funding round.
Their performance growth rates are undetermined at this time.
