Lendingtree, Inc. - TREE- Profile

LendingTree, Inc.. The Group's principal activity is to offer an Internet-based loan market place for consumers and lenders. The Group operates in three segments: Lending exchange, Real estate services and Lend-X Technology. The Lending exchange is focused on enabling consumers to receive multiple loan offers in response to a single, credit request and then compare, review and accept the offer that best suits their needs. The real estate services provide access to network of real estate professionals that can assist a consumer in buying or selling a home. The Lend-X Technology, Lend-XSM, is the technology that powers internet-based exchange. Lending Exchange accounted for 88% of 2002 revenues; Realty services, 8% and Lend-X technology, 4%. Lending Exchange accounted for 88% of 2002 revenues; Realty services, 8% and Lend-X technology, 4%