What a week it's been for Tree.com, the parent company of RealEstate.com, LendingTree, HomeLoanCenter and more. First, Tree announced it had made a profit the first quarter of 2009 beating Wall Streets expectations. Then on May 1st Tree.com was the biggest percentage gainer on the Nasdaq when the stock rose nearly 40%. Today the Motley Fool included Tree in an article titled, "4 Stocks That Have More Than Tripled", saying that "Tree.com, the parent of LendingTree.com, was supposed to be the ugly duckling in the IAC (Nasdaq: IACI) breakup. When IAC divided into five distinct companies, Tree.com was quickly forgotten. Between the lender lead generator LendingTree.com and residential realty's RealEstate.com, it was the wrong sector at the wrong time. It certainly feels a lot rosier these days. Last week, Tree.com shocked investors by generating a healthy profit when a narrow loss was expected. The company also posted top-line gains compared with the previous quarter, with rock-bottom rates stimulating new loan applications."
Today Tree.com launched their new web site...reflecting the ever changing segments they work in. The Tree.com philosophy is simple...Tree.com is where smart decisions start. In a marketplace where choice is more relevant and important than ever, we're here to give consumers the confidence they need to make big life decisions. Whether buying or selling a home, financing a new car, sending a child to college or shopping around for a new credit card, Tree.com and its portfolio of brands and businesses are here to help.
Let's look at each business individually:
LendingTree is the nation's leading online lending exchange, providing a marketplace that connects consumers with multiple lenders that compete for their business. Since inception, LendingTree has facilitated more than 23 million loan requests and $185 billion in closed loan transactions. LendingTree provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans and credit cards via www.lendingtree.com and 800-555-TREE.
RealEstate.com gives consumers a better way to buy or sell a home through a comprehensive suite of real estate services, tools and helpful advice. The site provides access to nearly 2 million home listings, 97 million home values and a unique deep-dive view into more than 22,000 cities reaching every metropolitan area in the U.S.
GetSmart.com is a leading financial services marketplace that offers borrowers access to a range of home loan products such as mortgages and refinance loans, home equity loans and lines of credit from a network of more than 200 lenders. Consumers who visit the site at www.getsmart.com or call 1-800-GETSMART complete a short and simple form and will then be matched with up to four competing lenders.
HomeLoanCenter.com is a consumer-direct online mortgage lender dedicated to matching homeowners with the right loan. The company also does business under the name "LendingTree Loans," and is a licensed mortgage lender authorized to do business in every state. For more information, call 1-800-94-CENTER or visit www.homeloancenter.com.
RealEstate.com, REALTORS® is an Internet-enabled real estate brokerage. It is a local, on-the-ground brokerage operation that complements the national RealEstate.com web portal and operates in 20 major markets nationwide with more than 1,200 sales agents. REALTOR® -- A registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.
Domania.com provides innovative retention marketing and customer acquisition services for leading industry lenders, including CitiMortgage, Chase and Bank of America, as well as lead generation services for many online real estate companies. The company also offers consumers its flagship Home Price Check home valuation tool on its web site www.domania.com
iNest.com is a leading real estate broker specializing in newly-constructed homes. Through its proprietary program, iNest provides consumers with a robust database of new home builders and communities with flexible search options. In addition, iNest offers an exclusive cash bonus program, which allows qualified users to earn up to one percent back on the purchase of a new home. To date, iNest has served more than 17,000 buyers resulting in more than $36 million in rebates.
Thrive, http://justthrive.com, brings all your credit card, checking, savings, retirement, and investment accounts into one place so you can easily see what you have, what you owe, and where you can grow. Your spending is automatically categorized so you can see exactly where your money is going. We analyze your financial information and calculate your financial health, which accurately predicts your financial stability in the long term. Based on this understanding, Thrive will then give you specific advice to help you improve.
InsuranceTreeTM is the latest free service for consumers from the innovators who created LendingTree® in 1998. InsuranceTree has teamed up with Marsh, the world's largest insurance broker and risk advisor, to help consumers LEARN MORE about the various insurance options available to them and their families. Personal risk assessment and risk management are the foundation for saving money and driving financial security today and in the long term. InsuranceTree's second goal is to EMPOWER consumers when shopping and comparing insurance options from highly rated national insurance carriers. For more info visit www.insurancetree.com.
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