LendingTree Loans Selects IBM For Loan Fulfillment Services

IBM has signed a multiyear exclusive contract with Tree.com Inc.'s LendingTree Loans, the company's consumer direct online mortgage lender, to provide comprehensive, private-label mortgage loan fulfillment services.

IBM's wholly owned subsidiary, IBM Lender Business Process Services, will provide LendingTree Loans with technology and business process outsourcing for mortgage loan processing. These services will include customer service, document preparation, loan closing coordination and post-closing review for LendingTree Loans' conventional, conforming, jumbo and Federal Housing Administration mortgage products.

Source: IBM

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