LendingTree, Inc., an online lending exchange, announced June 26 an Internet relationship with Kelley Blue Book, which operates an automotive information site. More than 4 million consumers each month utilize the kbb.com Web site to buy, sell, research and preview automobiles online, according to the company.
The addition of LendingTree to the kbb.com "Get Financing" page enables auto shoppers who visit the site to complete a loan request form online, and if qualified, receive multiple, competitive auto loan offers within one business day. The LendingTree Exchange of more than 160 lenders is powered by Lend-X, the LendingTree lending technology, which also powers the LendingTree presence on the KBB.com site.
"Our association with LendingTree greatly expands the auto financing options available to kbb.com visitors," said Stephen Henson, vice president, marketing and business development. "Car shoppers now have the availability of a wider range of loan sources to match their credit status and borrowing needs."
"We are extremely pleased to partner with Kelley Blue Book, a company that has set the standard for providing automotive information and services to consumers," said Tom Reddin, president and COO of LendingTree, Inc.
About Kelley Blue Book
Based in Irvine, California, Kelley Blue Book provides car-buying research and information. The company is currently celebrating its 75th anniversary.
About LendingTree, Inc.
Founded in 1996, LendingTree is an lending Exchange that connects consumers, Lenders, and related service providers. The LendingTree Exchange is made up of more than 140 banks, lenders, and brokers (Lenders) and has facilitated nearly $18 billion in closed loans. Loans available via the LendingTree Exchange include home mortgage, home equity, automobile, personal, debt consolidation, and credit cards.
