| Business Summary | | LendingTree,
Inc.
offers
an
Internet-based
loan
marketplace
for
consumers
and
lenders.
The
Company
attracts
consumer
demand
to
the
marketplace
through
its
proprietary
Website,
www.lendingtree.com,
as
well
as
through
private-label
and
co-branded
marketplaces
enabled
by
its
technology
platform,
Lend-X.
In
addition,
the
Company,
through
its
Website,
provides
access
to
other
services
related
to
owning,
maintaining
or
buying
and
selling
a
home,
including
a
network
of
real
estate
brokers.
The
Company
also
licenses
and/or
hosts
its
Lend-X
technology
for
use
by
other
businesses,
enabling
them
to
create
their
own
customized
co-branded
or
private-label
lending
exchanges.
Through
these
Lend-X
partnerships,
the
Company
can
earn
revenue
both
from
technology
fees
related
to
customization,
licensing
and
hosting
the
third-party
exchange,
as
well
as
fees
from
network
sources. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | LendingTree,
Inc.,
is
an
Internet-based
marketplace
for
consumers
and
lenders.
TREE
collects
and
compares
consumer
credit
requests
and
related
credit
information
to
the
underwriting
criteria
of
over
100
participating
lenders.
For
the
six
months
ended
6/30/01,
revenues
totalled
$28.1
million,
up
from
$12.2
million.
Net
loss
applicable
to
Common
fell
41%
to
$22.6
million.
Revenues
reflect
higher
qualification
form
revenue.
Lower
loss
was
partially
offset
by
higher
personnel
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Douglas Lebda, 31 CEO,
Director | $621K | $482K | Thomas Reddin, 40 Pres,
COO | 359K | -- | Keith Hall, 47 Sr.
VP, CFO, Treasurer | 373K | 67K | Stephen Campbell, 36 Sr.
VP, CIO | 303K | -- | Richard Stiegler, 44 Sr.
VP, CTO | 291K | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|