Articles Tagged with ''LendingTree''

Here's how loan officers can gauge the aggregate level of price competition in the mortgage market

New index from LendingTree measures the spread in the APR of the best offers
More competition is the theme for 2018 and LendingTree has created a way for loan officers to gauge the aggregate level of price competition in the market in real time. Released weekly, LendingTree's Mortgage Rate Competition Index measures the spread in the APR of the best offers available on LendingTree relative to the least competitive.
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Explaining the disconnect between the rate borrowers want, and can get

You may need to break the rates process down for them
Most quoted industry rates are for a hypothetical borrower with prime credit who makes a 20% down payment. Yet, most borrowers do not fit this profile and often experience disappointment when the rate on their loan turns out to be meaningfully higher than what they believed prevailing rates to be. Many loan officers have likely experienced having to explain this discrepancy to borrowers with varying degrees of success.
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Roostify bringing digital mortgages to LendingTree

Companies partner to bring total digital experience to LendingTree users
LendingTree will now be able to offer a full digital mortgage experience to its users thanks to a new partnership with Roostify, a provider of automated mortgage transaction technology. All of the lenders that appear on LendingTree will have the ability to use Roostify to create a “seamless path” from selecting a lender to actually applying for a loan and beyond.
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State of U.S. interest rates, broken down by credit scores

Here are the interest rates for those less-than perfect scores
The last report from Freddie Mac shows the average 30-year fixed-rate mortgage interest rate came in at 3.95%, but what about for borrowers with less-than-perfect credit scores? LendingTree recently conducted a study which analyzed the actual rates lenders offered to borrowers to see the average interest rate broken down by credit scores.
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Millennial women hold better credit scores than men

But trail behind in homeownership rates
In a new study, LendingTree looked at the newest generation of homebuyers, Millennials, and the difference between men and women when it comes to their finances. While women tend to have higher credit scores than men, they also hold more debt, which might explain their lower rate of homeownership.
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LendingTree’s business is booming as more consumers shop around for mortgages

Total loan requests rose by 48% in second quarter
Earlier this week, LendingTree put out a report that showed that borrowers who shop around for their mortgage could save thousands of dollars per year. LendingTree’s business is, of course, helped by borrowers shopping around for mortgages, as lenders pay LendingTree for the “chance to compete” for the business of consumers who search the site. And as it turns out, borrowers are increasingly shopping around for mortgages on LendingTree, and that’s doing wonders for LendingTree’s business.
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[Charts] Here's how much money shopping around for a mortgage can save borrowers

How many lenders did you check out?
While there's already a push to get more consumers to shop around for a mortgage and branch out beyond getting a mortgage where they already bank, many consumers still don't check out their options. This new chart from LendingTree outlines exactly how much money borrowers can save by shopping around for more offers. Spoiler, it could save thousands annually.
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LendingTree's Mischner promoted to chief of sales and head of mortgage

Mischner previously served as senior vice president of sales and general manager of mortgage
“Sam's strong background in the mortgage industry and proven success in scaling LendingTree's sales organization is an instrumental piece to LendingTree's strategic growth. We're proud to have Sam on our team and look forward to what his leadership in this role will bring to LendingTree, its customers and partners,” said Neil Salvage, president of LendingTree.
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