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AMS Executive Joins LendingTree to Prepare Network for Increased Loan Demand.


CHARLOTTE, N.C.--(BUSINESS WIRE)--March 17, 1999--

Finance Industry Pro to Manage

Lender and Borrower Relationships

LendingTree, Inc., the leading online loan center, today announced that David Anderson David Anderson may refer to:
  • David Anderson (Canadian politician) (born 1937), Canadian Liberal politician and former cabinet member
  • David Anderson (bishop) (1814–1885) English Anglican bishop
  • David Anderson (Fictional Character) From
, a former senior principal at American Management Systems American Management Systems (previous NASDAQ symbol: AMSY) was founded in 1970 as a technology and management consulting firm. It was founded by a group of five former United States Department of Defense officials who worked under Robert McNamara in the Kennedy and Johnson  Inc. (AMS AMS - Andrew Message System ), has joined the company as Vice President of Lender Management and Borrower Relations.

Anderson will work with the more than 30 lenders on The LendingTree Network to continually increase their closed loan rates. He will manage technical improvements of backend systems, as well as the re-engineering of lenders' traditional loan processes.

During his 10 years with AMS, a leading technology consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee
consulting firm

business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a
, Anderson advised large financial institutions on best practices in credit origination and customer relationship management. His roles at AMS included serving as originations program manager, client engagement manager, and U.S. delivery services manager. He earned his bachelor's degree in computer information systems from James Madison University “JMU” redirects here. For the university in Liverpool, England, see Liverpool John Moores University.

For the public-policy college at Michigan State University, see .
.

"Last month alone, more than 30,000 consumers requested loans on LendingTree's site worth $2.2 billion. We're devoting substantial resources to ensure that this growing demand translates into more closed loans," said Doug Lebda Doug Lebda is the founder of Charlotte-based LendingTree.com. In December of 2005 he became president of IAC Interactive, the parent company of LendingTree.com [1]. , founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of LendingTree. "David's knowledge of lending processes makes him the ideal person to spearhead this effort."

"I've worked with lenders for years to create efficient and effective origination channels, but I think the Internet blows these traditional tools out of the water when it comes to cutting costs," said Anderson. "I couldn't pass up the opportunity to be part of a company that's completely re-engineering the lending industry."

In addition to his work with lenders, Anderson will plan and manage the growth of LendingTree's Borrower Relations call center. LendingTree is increasing the size of its call center staff to handle an anticipated boom in volume expected from partnerships with priceline.com, a name-your-price mortgage and home equity service, and Credit Management Systems, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: CMSS CMSS Creative Multi-Speaker Surround
CMSS Council of Medical Specialty Societies
CMSS Call Management Server Signaling
CMSS Capital Markets Surveillance Services (Sydney, Australia)
CMSS Configuration Management Support System
), a company that gives LendingTree access to the CreditConnection network of leading prime and non-prime automobile lenders.

About LendingTree, Inc.

LendingTree, Inc., founded by Doug Lebda in 1996 and based in Charlotte, N.C., is the only place - on or off-line - where a network of lenders bid for borrowers' business. Loan types include personal, auto, mortgage, home equity, debt consolidation and credit cards. The company is led by a management team comprised of veterans in the banking, financial services and information technology industries. In addition, LendingTree has formed strategic partnerships with Snap! and priceline.com. The priceline.com relationship lets borrowers name their own rate and terms for mortgages and home equity loans on priceline.com. Borrowers get answers to their loan requests from lenders in The LendingTree Network. LendingTree is an equal opportunity lender. Go to www.lendingtree.com or call 704-541-5351 for more information.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Mar 17, 1999
Words:457
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