Bloomberg.com Launches Online Loan Center with LendingTree.NEW YORK--(BUSINESS WIRE)--March 29, 1999-- LendingTree Selected as Exclusive Partner to Supply Loan Transaction Capabilities Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. .com today announced the next level of interactive capabilities with the launch of the Bloomberg.com Loan Center. Bloomberg has partnered with LendingTree the premiere online loan marketplace - to provide dynamic content and functionality to Bloomberg's new consumer Loan Center. Consumers can now make requests for loans from LendingTree's network of lenders via a link from Bloomberg's Loan Center. In addition, the comprehensive site provides visitors with detailed and timely loan information, including rates, news, calculators, tips and analysis from industry experts. The strategic alliance between Bloomberg and LendingTree marks the site's first major foray into Verb 1. foray into - enter someone else's territory and take spoils; "The pirates raided the coastal villages regularly" raid encroach upon, intrude on, obtrude upon, invade - to intrude upon, infringe, encroach on, violate; "This new colleague invades my transactionally-driven content. For LendingTree, the partnership provides the opportunity to create a distinct relationship with Bloomberg's unique user base of 3.8 million information hungry and financially-minded consumers, and partner with a best of breed financial site. "Consumers rely on Bloomberg.com because we deliver credible and timely information that helps people make the right kind of decisions about their finances - everything from loans and refinancing Refinancing An extension and/or increase in amount of existing debt. to saving for college and more. The LendingTree partnership allows Bloomberg to extend to our users a new and deeper level of service," said David Wachtel Wachtel is a surname, and may refer to:
This page or section lists people with the surname Wachtel. , Publisher, Bloomberg.com. LendingTree and Bloomberg have recognized the dramatic growth of the loan category online, which is expected to reach over $167 billion by 2003 (Source: Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
"LendingTree's unique technology and understanding of the loan industry, combined with Bloomberg's depth of content, provides a powerful combination," 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. "We believe that what both companies bring to the table will result in the best site for loan information online. We look forward to working with Bloomberg on this exciting new venture." The Loan Center is featured prominently within the Bloomberg.com site and can be linked to directly off of the Bloomberg.com home page at http://www.bloomberg.com. About LendingTree LendingTree Inc., founded by Doug Lebda in 1996 and based in Charlotte, N.C., is the only place - on or offline - where a network of lenders compete for consumers' 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and information technology industries. In addition, LendingTree has formed strategic partnerships with priceline.com and Snap!. LendingTree is an equal opportunity lender. Go to www.lendingtree.com or call 704-541-5351 for more information. About Bloomberg.com Bloomberg.com is the premiere provider of financial news, data and information for consumers on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . The site draws on the rich resources of Bloomberg L.P., which has over 700 print reporters and editors, 1,000 data collection specialists and over 70 news bureaus around the world. The site launched in 1995, and currently has over 3.8 million unique users and over 90 million monthly page views. |
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