LendingTree's Borrower Health Score Improves 3% in Q4 2013

CHARLOTTE, N.C., March 6, 2014 /PRNewswire/ -- LendingTree, the nation's leading online source for competitive loan offers, today released its latest Borrower Health Report which stated an almost three percent quarter-over-quarter improvement of the Borrower Health Score.  The report analyzes the financial health of prospective borrowers, ranking each state according to borrower health.  The Borrower Health Score is calculated by using the weighted average of credit score, loan-to-value ratio and overall lendability of mortgage-seekers in each state for the fourth quarter of 2013.

In Q4 2013, the average credit score for all prospective borrowers at LendingTree was 635, which is one point lower than in Q3 2013. The average loan amount increased from $164,998 to $168,747 in the fourth quarter and the average LTV ratio dropped from 89.8 to 88.6 quarter over quarter, two contributing factors to an improved borrower health score.

"Lenders are slightly more motivated to increase lending to homebuyers as refinancing activity drops," said Doug Lebda, founder and CEO of LendingTree. "Borrowers still need to meet underwriting requirements, but for potential borrowers with less than perfect credit, there might be opportunities available to help them become homeowners."

To view the quarterly infographic, please visit: http://marketing.lendingtree.com/pdfs/Borrower_Health_2014.pdf

For full report data, please visit: http://marketing.lendingtree.com/pdfs/Borrower%20Health%20Q4%202013%20Table.pdf

About LendingTree, LLC

LendingTree, LLC is the nation's leading online source for competitive home loan offers, empowering consumers during the mortgage, refinance or auto loan process.  LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 30 million loan requests and $214 billion in closed loan transactions. LendingTree provides access to lenders offering mortgages and refinance loans, home equity loans/lines of credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc. (NASDAQ: TREE). For more information go to www.lendingtree.com, dial 800-555-TREE, join our Facebook page and/or follow us on Twitter @LendingTree.

MEDIA CONTACT:
Megan Greuling
(704) 943-8208
[email protected]

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SOURCE LendingTree

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