LendingTree

Pros: Easy website, quick response.
Cons: Not well organized. Poorly trained!!

Using Lending Tree to re-fi our home turned out to be not as great as they would make it appear. I went to their website, filled out their forms, and within days got a few offers. Nothing great. Nothing I could of done myself. But, never the less, they ...

Pros: They did connect me with my lender and real estate agent.
Cons: Misrepresented the incentives available to service users.

I used LendingTree.com to find my realtor and mortgage lender. At that time I was promised two distinct incentives. Now that it comes time to pay off on the incentives, I am not eligible for them. The funny thing is that the CSRs say that I am...

Pros: I suppose that the broker a Lending Tree did have more products to compare.
Cons: Deceptive. Expensive.

The "TrueCost" of a loan with Lending Tree does not include origination fees for the loan. It is Lending Tree's fee. It is one of the ways they pay for their adds and make their money. This is the fee they charge for their services, which include ...

Pros: Um, what pros?
Cons: Violated the Federal Truth in Lending Act

I just closed a mortgage with Lending Tree last week. First of all I will say that the interest rate they offered me was identical to that offered by about 4 or 5 other internet based lenders. The only difference is that they claimed there would be no ...

Pros: Easy to use the service.
Cons: Difficult to report to them on status of vendor difficulties.

It is difficult to report to them about the numerous problems you encounter with their vendor, like VINTAGE MORTGAGE.
Lending Tree gets their pound of flesh no matter what. You get to choose and then you loose, especially if you choose VINTAGE...

Pros: None
Cons: Sorry, but 15 words max isn't enough to cover it

Lending Tree is nothing short of a scam in my opinion. Am currently in dispute over the so-called necessary $600 I needed to put down to "secure" my low rate. They assured me that my money would be refunded upon closing. What they don't tell you is if ...

Pros: Easy to apply
Cons: They don't deliver. One lender didn't even do business in my city.

Lending Tree sounds like a good thing on the surface but they fail to deliver what they promise.

They claim that lenders will compete but I only had one lender make an offer.

To top it all off, after talking to that one lender for...

Pros: Easy on-line application process.
Cons: Really poor communications.

I applied online. Though you're supposed to hear back right away, I heard nothing for several days. When I called to check on the status, I was informed that they had only been able to line me up with one lender, and that lender had declined to offer...

Pros: Easy Registration
Cons: Do not deliver as advertised

I applied for a home refinance mortgage through LendingTree. After waiting several days, not hours, I only received one offer back. The interest rate quoted was laughable. I Understand that this is not LendingTree's rate quote, however it seems that...

Pros: Great marketing!!
Cons: Your options = same little group of Lenders for every loan.

Cute little marketing scheme!!!! LendingTree is no more than a neat ADVERTISEMENT that sucks in all of your information for a million telemarketers, say hello to junk mail and snail junk mail from advertising mail processors all in the name of "Getting...

Pros: Lot of activity if you are interested in a mortgage refinance for your home
Cons: No response to your request for HELOC
Instead sneakily publish cellphone/email to the world

The site says that you can get HELOC quotes.  I got none.  I have great credit and 30% home equity available.  They found no one to offer a HELOC.  Instead, they automatically created communications to many lenders stating that I ...

Pros: I thought their website was user friendly. 
Cons: no relevant reason to deny me

I decided to buy investment property and went thru LT's website to apply for a loan. They denied me and told me that no banks wanted to lend me money.  Hmmmm.... my credit score is 830, my salary is $124k, I have zero debt, I had $50k for a down and I only wanted a loan for $160k. Does this mean the bailout is not working or that Lending Tree is looking for $$ loans for people with bad credit?  I asked why I was denied and they emailed me a boiler plate list of reasons; none that applied to me. I called them to ask why and they said I have to fill out another lengthy application to find out.

Pros: Good idea
Cons: Inundated with spam and telemarketers. Total invasion of privacy.

I was looking to refinance about a year ago and thought I would try Lending Tree as it sounded like a good idea. We did get 4 offers within a week, but only one was even in the ballpark. We decided to look elsewhere when we got in touch with the bank and found the closing fees where outrageous.

We did eventually refinance through a local bank and got a much better deal.

The big problem I have with this company is I am still getting about 7 e-mails a day as a result of applying with Lending Tree over a year ago. It somehow gets through the spam filters. I know it is as a result of applying through Lending Tree as it was the only company we contacted about refinancing on the internet. To date I would estimate I've deleted in excess of 1500 e-mails (and still counting)as a result of filling out their forms to apply for a loan.

In conclusion, I think you can get a better deal if you do some leg work and research on you own and you'll save yourself the headache of being spammed and telephoned to death.

Pros: Easy to use
Cons: The "Lender's Scorecard" is deceptive.

LendingTree provides a "Lender's Scorecard", assessing the various lenders in areas such as fees, responsiveness, etc., While discussing a problem with a lender associated with LendingTree, the customer service representative stated that the "Lender's Scorecard" is not directly related to customer feedback on a "one-to-one" basis. Instead, LendingTree reviews customer feedback, and based on that review, generates it's own assessment of responsiveness, fees, etc.

Seems rather self-serving for a company to assess the companies that provide it with revenue, rather than calculating user satifaction directly from user feedback. Again, the user is led to believe that the assessments are directly based on individual responses, when in fact LendingTree puts their own "spin" on these responses.

Pros: NONE
Cons: Security of personal information with LendingTree is non-existant.

I applied with LendingTree in 2006 but never completed a transaction with them because I found better financing elsewhere. I received a letter in the mail 4/25/08 informing me that my personal information was stolen by former LendingTree employees and released to unauthorized mortgage brokers. My credit report was hit 42 times in three weeks during this period, causing a decline in my credit score.
Upon calling LendingTree, I was advised they were not responsible for any activity on consumer credit reports and felt no need to even make a statement to any of the credit bureaus that may help consumers dispute unauthorized hits on their credit reports. There must be some consumer fraud law being broken here. See Consumeraffairs.com and Theredtapecronicles.com for further information. All affected consumers need to complain to state and local officials about this gross mishandling of private information.