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LendingTree

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22 User Reviews

8.1

Overall Score

Founded in 1996, LendingTree seeks to empower consumers by providing a list of lenders to easily compare offers. The company provides lending services for mortgages, auto loans, business loans, personal loans, and more. LendingTree offers nationwide coverage so you can use the company as your lending marketplace regardless of your state of residence. To access a list of lenders, consumers need to fill out a form before receiving personalized rates and terms. 

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The Good

  • Multiple Loan Offers
  • Educational Resources
  • Competitive Rates

Multiple Loan Offers

LendingTree allows customers to view multiple home loan offers simultaneously (from outside lenders, as LendingTree does not offer loans). The company displays interest rates and APRs from many of the top mortgage lenders in the country. LendingTree provides free and easy comparisons entirely online and is available to consumers in all 50 states.

Additionally, Lending Tree provides customers with a wide selection of lender options. The company itself is not a lender, but instead directly connects consumers to potential lenders. Lending Tree provides a list of FHA, VA, and conventional home loan lenders, as well as home refinance, home equity, and reverse mortgage loan lenders. Mortgage rates are available in 30-year fixed, 15-year fixed, or 5/1 ARM (a hybrid adjustable-rate mortgage) formats. The variety of options allows customers to find the loan that best fits their needs.

Educational Resources

LendingTree offers a wide selection of educational resources on its website, which is useful for customers who are new to home loans. The company provides tools for checking your home's value, deciding between renting and buying, and several interactive financial calculators. In addition, you can find a glossary of common mortgage terms on its website, as well as mortgage news and articles.

Competitive Rates

LendingTree displays rates from multiple lending companies. The company shows varying APR and interest rates for a variety of types of home loans. Many of these rates are competitive for the home loan industry. 

Transparency

LendingTree has a clear and easy-to-use website. The company clearly explains important factors for home loans and outlines its lending platform. Note that for information such as specific rates, customers will need to fill out a form on LendingTree's website. 

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The Bad

  • Personal Info Required

Personal Info Required

In order to access a list of mortgage lenders, prospective buyers must provide their city and state, loan amount, annual income, employment status, credit score, date of birth, bankruptcy and foreclosure history, and street address. All of this information is crucial for a lender to have in order to determine eligibility, interest rate, and beyond, but it would be helpful for users to be able to see a list of lenders before sharing their information. 

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The Bottom Line

LendingTree is a good source to reference several different lenders before committing to one. After filling out an information form, the company displays mortgage rates from several different companies at once so the consumer can compare lenders all at once.

The one downside is that LendingTree requires personal information before giving access to its list of lenders. And where LendingTree is a lender comparison site rather than a direct lender, keep in mind that you'll want to verify fees and additional costs directly with each lender before going through with the mortgage. You can find LendingTree reviews from real consumers below. 

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Star Rating

3.6

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22 Reviews

Review Breakdown

5 grade

50%

4 grade

9%

3 grade

14%

2 grade

5%

1 grade

23%

Sentiment Criteria

Value

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Quality

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Service

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Trustworthiness

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Review Source

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Tony Irizarry Buffalo, NY

Outstanding customer service and a very easy loan process. Able to customize loan and also great working with people that actually understand what you expect and need from a lender.

1 month ago

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peter harmatuk Poolesville, MD

I first went to Lending Tree to get a bill consolation loan. Their rates were well below what others were charging so I took out two loans over two different occasions. I paid off one of the loans early and have been paying ahead on the other. One annoying thing that has been happening is that I am getting "teaser" emails from them asking me to go on their site and check my "new" rate I can get for being a great customer....only trouble is that when I get there, they direct me to another company with the statement that THEY can not provide me any service at "this" time. I have been sending their e-mails into my spam folder because I feel this is a deceptive practice.

3 months ago

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Gary Kapanowski Macomb, MI

They use an ad that asks you if you want to see what your new payment will be. However, you must enter your contact information toget your new payment. Your contact information is shared with a bunch of mortgage companies. They all start lighting up your phone and flooding your mail.

4 weeks ago

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Roshini Suehiro ,

Lending Tree needs to clearly explain that they are not a lending company. They give your information to third parties and you are flooded with phone calls. This is very bad for the mortgage as people are inquiring for loans and every single person is calling you and do not know if these people are trusted individuals handling your information. Mortgage inquiry should not be taken lightly you are working with peoples homes and this maybe their only home and you have a scammer who might take your home away from you. I want everyone to know to be careful using Lending Tree for mortgage loans. Check who they are and company they are working with and investigate the company as well.

3 months ago

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Santow Shamon Gurnee, IL

I was browsing for a small personal loan and came across lending tree. Very easy to get started and I had loan options in minutes. They offer you choices of different lending companies with their rates and terms upfront. I've had two loans myself within three years. You receive your money within days. Excellent customer service.

4 months ago

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Brittany Alshawy Colorado Springs, CO

Pretty good company. They get you funding fast. They work with poorer credit scores on most occasions it seems. And they function in a structured manner. I also like that they have a lot of lenders to help get you the best rates.

8 months ago

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Jeff Gonnason Kihei, HI

When I contacted lending tree I immediately began getting phone calls from 20 different mortgage agents, and none of them any good.

2 months ago

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joe iovino Brooksville, FL

GOOD INFORMATIVE SIGHT EVERYTHING SPELLED OUT,VERY ACCURATE,WOULD HIGHLY RECOMMEND

3 months ago

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brandon bingham West Jordan, UT

They were pretty aggressive when it came to trying to sell me somehting that I wasn't interested in. Their rates weren't quite as good as Wells Fargo.

4 months ago

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Debbie Farrow ,

They have a great and easy website that is easy to use to calculate your credit rating without getting a credit ding.

5 months ago

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Jay F Dassow Wautoma, WI

Considering the time of year, especially with the holidays, I thought the service and turnaround was exceptionally fast.

2 years ago

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Rob Ellensburg, WA

Very professional to the point lending program with the best rates out there. Super easy and convenient all the way to closing with no pressure .

2 years ago

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Jordan Priest West Jordan, UT

My initial experience with Lending tree was awesome. I quickly had 6 mortgage companies, very professionally, contact me and was able to choose the one that best fit my needs. However, I'm still getting calls 1 year later, lots of calls.

2 years ago

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Kelly Zemrose Tampa, FL

Super easy to use and takes much less time than doing the research yourself. I plan to use again.

8 months ago

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Jacob Sterling, VA

The process was very smooth and very quick. Everyone involved were extremely helpful. Highly recommend.

2 years ago

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Allan Sivils Virginia Beach, VA

Excellent experience. Sean and Colin were great. Great turn around and amazing customer service. thanks!

2 years ago

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Mitchel Davenport Santa Fe, NM

Staff was attentive, knowledgeable and professional. Everyone went exactly as stated. No surprises or games. I'll do it again.

2 years ago

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B Evans Venice, FL

I began the process with Lending Tree. My email address was required. Now I am getting dozens of spam emails every day.

6 months ago

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MURPHY HILL Germantown, MD

It was a great experience working with Lendingtree . They're fast friendly and easy to work with.

2 years ago

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Tualagi Saint George, UT

Lengthy application. They advertise bad credit, no credit they still will get us approved. That is not true. I was declined a few times. Then i kept getting phone calls / voice mail from Lending Tree saying i have been approved which is totally false.

2 years ago

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Shari Sandoz Ord, NE

Always very responsive when trying to get in touch with them.

2 years ago

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Dale L Farmer Littleton, CO

I tried to give them a chance for doing my mortgage but they never got back to me.

2 years ago

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