CHARLOTTE, N.C., Nov. 30,
2023 /PRNewswire/ -- LendingTree®, the
nation's leading marketplace for loans, credit cards, and insurance
and more, held the company's annual Lender Summit, which brings
together America's top lenders and industry experts to discuss the
challenges and identify opportunities given today's economic
climate. As part of the Lender Summit, LendingTree hand-selected
nine fintech businesses to compete in the 2023 LendingTree
Innovation Challenge, a showcase of promising technology solutions
that power a better mortgage experience for both borrowers and
lenders.
Innovation Challenge demos were evaluated by industry experts
Julian Hebron with The Basis Point and Jessica Gardner with Academy Bank and Armed
Forces Bank, as well as conference attendees to assess how each of
the nine presenting FinTech businesses could transform the mortgage
experience for lenders and consumers. While all Innovation
Challenge participants showcased impactful and innovative
solutions, the judges and the audience declared Newzip the 2023
Innovation Challenge winner.
Newzip is on a mission to empower prospective homebuyers with
the resources they need to feel confident on their journey to
homeownership. Newzip's technology platform allows mortgage lenders
to partner with top real estate agents and vendors across the
country as an extension of the lending team to provide hands-on,
personalized concierge real estate services.
The following businesses presented their solutions during the
2023 LendingTree Lender Summit as part of the annual Innovation
Challenge:
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lemonadeLXP
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CoreLogic
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CI&T
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LoanPass
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Snowflake/BlueCloud
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CreditXpert
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Newzip
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Calque
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Matic
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"Building on last year's momentum, our Innovation Challenge
participants this year shared game-changing solutions to real-world
problems in the lending industry, focused on delivering a better
customer experience through technology," said Doug Lebda, founder and CEO of LendingTree.
"LendingTree revolutionized the mortgage industry over 25 years ago
by bringing the mortgage shopping experience online, and it's
exciting to see how companies like Newzip are leveraging today's
technology to further advance our industry and deliver exceptional
customer experiences."
"We're incredibly thankful to LendingTree for the opportunity to
showcase our AI brokerage-as-a-service platform and thrilled to
achieve the win against such a solid group of
innovators," said Adi Pavlovic,
co-founder and CEO of Newzip. "It's validating for us to know
all of the hard work we're putting into our platform is resonating
with the mortgage industry as we strive to modernize and centralize
the real estate experience."
About LendingTree, Inc.
LendingTree (NASDAQ: TREE) is one of the nation's largest,
most experienced online financial platforms, created to give
consumers the power to win financially. LendingTree provides
customers with access to the best offers on loans, credit cards,
insurance and more through its network of over 1,000 financial
partners. Since its founding, LendingTree has helped over 129
million customers obtain financing, save money, and improve their
financial and credit health in their personal journeys. With a
portfolio of innovative products and tools and personalized
financial recommendations, LendingTree helps customers achieve
everyday financial wins.
LendingTree, Inc. is headquartered in Charlotte, NC. For
more information, please visit www.lendingtree.com for
additional information.
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SOURCE LendingTree, Inc.