CHARLOTTE, N.C., May 7, 2014 /PRNewswire/ -- LendingTree, the nation's leading online source for competitive loan offers, today announced the launch of its new mobile app which allows borrowers to comparison shop for mortgages in seconds.
The new mobile app was designed from the ground-up to optimize the shopping process for a mobile consumer and leverage cloud computing technologies. In just a few seconds, consumers can access LendingTree's marketplace of real-time offers and receive personalized offers from LendingTree's network of over 300 Lenders. Additionally, the custom-built tools allow consumers to compare offers they may already have with what they might find across the LendingTree Network.
"With the success we've seen through our improved mobile experience and with more than 50% of our traffic coming from mobile devices, we wanted to further enhance mobile functionality in LendingTree's mobile app," said Doug Lebda, founder and CEO of LendingTree. "Borrowers can easily compare loan offers in seconds, connect with lenders and calculate mortgage payments, providing confidence during the mortgage shopping experience."
The easy-to-use app provides a variety of helpful loan-related tools, including the ability to compare current loan offers and to contact lenders on the Lending Tree Network. In this personalized mobile experience, users can submit data found in the Good Faith Estimate (GFE) of a current loan offer and then analyze the interest rate, origination fees and monthly payments to identify possible areas for improvement. Interactive charts show how one's loan offer to what is currently available in LendingTree's market place for your scenario. Based on the information provided, the app points out areas of improvement and provides negotiating tips to improve the offer. If interested, users are presented with several offers from network lenders which allow the user to potentially spot a better deal, complete with contact details, customer ratings and reviews.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV