LendingTree

Pros: Initial form easy and fast to complete. Initial contact was very helpful and pleasant.
Cons: Secondary contact unpleasant and left out KEY loan details. Phone calls not returned.

When I applied to with Lending Tree, my first contact was great...she seemed knowledgeable and things seemed to be great and moving fine. Then, they assigned my 'Equity Specialist'. He turned out to be a total bust! He would never return my calls and leave me messages at odd hours when I was not available. When I finally did reach him, things got moving again, however he omitted several KEY points on the loan I was applying for. At the time the 'signing agent' called me, she went over what I was signing for and it was NOT what I had agreed to with the 'Equity Specialist'. I cancelled the loan, and informed the Equity Specialist's supervisor of the problem. He was not sympathetic in the lease, which lead me to believe this was not the first time they had mislead a potential customer!
Save your time and energy by passing on these guys...

Pros: NONE
Cons: EVERYTHING ABOUT IT

Signed up to get loan rates, instead, got only replies from dealerships wanting to sell cars, NO BANK OR LENDING INSITUTION EVER CONTACTED ME

Pros: NONE!!! Beware of your wallet!!!!! 
Cons:
Dishonest, Fast-talking, unclear, hiddencosts , cursing, yelling, unprofessional

I had a terrible experience with lendingtree and would never recommend using this company.  It's not a complete scam, however this company has no clue who their own lenders are.  We had one lender curse at my realtor and my fiance! She was so out of control I ended up reporting her to lending tree who said this happens frequently.  What?? frequently??? Then after I asked lendingtree to discontinue my account, I still recieved calls from lenders.  The lenders may be offering 'lower' rates, but there are hidden fees and costs they won't tell you about.  BEWARE!!! My advice is to go through a recommended lender from a family member or friend.  My realtor recommended a great lender and what a different experience.  Someone who is honest, upfront, and not fast talking is someone you want to deal with. Rather than these people.

Pros: Easy
Cons: Could cost you thousands of dollars in added fees.

Be aware. LendingTree bills itself as a sort-of mall where lenders all come to compete for your business. The fact is that while there are several lenders there, the goal of lending tree employees is not to find you a great loan, but to get you into a loan. I was about to lock myself into a loan. I have never taken a mortgage before and I was assured that points (basically a fee for me of $3000), and other related costs (another $1700) are standard in addition to a 5.8% interest rate. "Otherwise," I was told, "the banks can't make money." I was also told that the mortgage amount needed to be more than $60,000.00 -- I stalled and looked around. I found that ING Direct offers home mortgages without points for a lower interest rate -- I guess they are not in the Lending Tree network. Lending Tree probably started out as a noble idea with competition and the customer's interest at heart, but it has turned into a racket. Definitely shop around.

Pros: none
Cons: entire experience

I have obtained attorney to sue for false and misleading rates, failure to break down fees and closing cost in failure to provide letter under req b.
Basic Bait and switch and failure to comply with disclosure laws and lending statutes

Pros: Seem to have good customer service
Cons: Site errors, not the best loan offers, not as many offers as advertised.

LendingTree seems like a great deal, but, I've had nothing but difficulty with their site (using a Mac and a PC) with lots of server errors. After two or three tries, I have never come away with more than one loan offer -- using full financial disclosure, and having above excellent credit. The loan offers were never better than I could have gotten myself. However, after one particular site problem, I did receive a phone call from them asking if I needed assistance. So, they do seem to have attentive service.

Pros: These lenders really will court your business
Cons: The telemarketing calls!!!!

I didn't go with a lending tree lender because I got a good deal from the mortgage company that was financing my condo conversion. However, I can say that one lender worked very hard to try to find a good loan for me.

Now here is the downside to Lending Tree. I work for a Government agency and I do NOT give out my work number except to the Court or opposing counsel. After filling out the Lending Tree application, which included my office telephone number, I have been getting an average of two to three telemarketing calls per day on my work line from mortgage companies, usually of the pre-recorded variety. I know it is from my Lending Tree app. because 1) they are all mortgage companies that are calling, and 2) I have only given my office number out to people directly involved in my work and my office line is a secure line. I HATE getting telemarketing calls anywhere, let alone at WORK! So for that reason alone, I wouldn't recommend Lending Tree.

Pros: None
Cons: Not a good way to get a loan.

The lenders pay for these leads and have to recoup the expence somewhere. When you shop for rates only it seems lenders bait you with low rates but add points and fees and all sorts of closing costs. When you get a good faith estimate from a lender (which is mandated by law) look at the charges. Most good Realtors and attorneys understand all the charges and could explain them to you. When you shop be shure to shop all the cost not for rates.

Pros: fast, easy, GREAT rates
Cons: Needed information notarized and was not aware of that. Lenders fault.

I tried lending tree because I figured "when banks compete you win." Well I found just that. I received about 4 offers back from Lending Tree and I was not harassed. All I received were the emails of the offers and then phone numbers if I wanted to call them back. All banks overnighted the applications that I requested. I think the whole process was completed in about 2 1/2 weeks and I had my check in hand. I had great success working with my Lending Tree lender, Charter One. Will use this service again and recommend it to my friends. I will probably try it again if I refinance in the future. I received a 6.25% interest rate on a home equity loan. The only bad thing is that I cant use them for land loans :)

Pros: Did a new car loan with Lending tree and it was a great experience.
Cons: They lie to get your money.

Lending tree associates will give you false information in order to get your deposit.
I was given a closing cost estimate of $3000.00 and when it came time to close I had to come up with $6,600.00. That's a difference of 3,600.00 from the "good faith" estimate. I don't know of any one that has had an estimate be so off. I was able to get another lender to close me, but not with out losing my $600.00 deposit. I have tried contacting Lending tree about this but I have not heard from them. I have also submitted a formal complaint with the BBB. Be aware that their professional estimates are very wrong. I would not recommend them for a home loan.

Pros: Easy, helpful staff, and much less expensive than a local mortgage broker and credit union.
Cons: Lack face-to-face relationship.

I can't believe all these negative reviews on this website. Either they were from the few and most disgruntled customers, written a long time ago, or written by mortgage brokers who hate this company because they're better and cheaper. For me it was fast and easy, and cost significantly less than the other options I explored (including a traditional broker who tried to scare me away from Lending Tree). Maybe b/c I had good credit and was getting a conventional loan, but I wasn't contacted by ANYBODY expect the nice lady at Lending Tree who helped me through the process. That's what makes me think the horror stories are fabricated (or maybe the company used to operate differently). But for me in June 2007, the company originated my loan and quickly sold it on the secondary market - exactly like I expected.

Pros: Easy forms, v. quick response, email updates, no sharing your info
Cons: I haven't had any so far. I feel they are a capable, helpful company/website.

The first time I used LendingTree.com was when I had trouble getting a credit card. Some of my parents' old medical bills (paid) had gotten onto my record, making it inaccurate and lowering the score. Also during my marriage I did not realize that my ex had all the accounts in his name, and simply got me a card with my name on it (not that I got to use it much!) Anyway - I was hooked up with First Premier and got a low limit card, and after that I was offered much more credit (most of which I ignored!). Then, when I realized a house would cost less than rent, I filled out a form to get mortgage offers. I was matched with Mortgage Lenders of America who have given me outstanding service. I've recommended the site to friends and family as it makes scary financial stuff a bit easier. I think if you're looking for bells and whistles you may not be as pleased, but for simple, starting-off help, I found it to be a good place to start and trustworthy as well.

Pros: Great marketing.
Cons: Bad for your credit, expensive charges to the Lender that you pay.

The prospect of Lenders underbidding one another to get your business is certainly an attractive proposition. However, when you delve a little deeper, there are some other aspects of this service that we found many people either did not consider or just did not know.

Great article at www.lenderreviewboard.com/lending_tree.htm

Pros: Convenient, courteous, prompt service and great rates!
Cons: None noted.

After entering information on their easy website, I was promptly contacted by Alana. She asked the right questions to ascertain my loan needs, and quickly got back to me with several offers, the best of which was considerably better than those I had found on my own. She returned my calls promptly, and always got back to me when she said she would.

As I was scheduled to be on vacation during the closing, Alana assured me that she would send a notary anywhere, at my convenience, to complete the transaction.

In the end, I did not close the loan because my existing loan rate adjustment was to a much lower level than I had anticipated. Alana was very gracious and accommodating. Once my existing loan adjusts again, I won't hesitate to pick up the phone and call Alana to refinance. She can be reached at 888-866-1212, ext 8367.

Pros: It's online. It's nationally known.
Cons: Nobody is competing. Find the same banks and rates anywhere on the web.

Looking for a mortgage? Don't even try here. You may as well go to four banks in your local community. It is to say the least "pathetic". I received four emails from various banks essentially advertising their rates for the day. Then I received a ton of phone calls with nothing more to offer than the rates that I could find on their website. One of the banks Lendingtree.com turned me onto had not updated their rates on their website in 9 months!!! I sort of figured that this is what I would receive but I thought maybe they might have something on the caliber of mortgagebot.com or greenpoint.com. Mortgagebot.com is now defunct for consumers so I would advise Greenpoint.com (which is a customer of Mortgagebot). I haven't used Greenpoint.com yet but I will be. It's all about cash and I want to keep mine.

Low rates, low fees, and no solicitation-Is that too much to ask for?