CHARLOTTE, N.C., Nov. 30,
2022 /PRNewswire/ -- LendingTree®, one of the
nation's largest, most experienced financial platforms for loans,
credit cards, and insurance, relaunched its signature Lender Summit
that brings together America's top lenders with industry experts to
strategize about the challenges and opportunities in this
post-pandemic market cycle. As part of the Summit, LendingTree
hand-selected nine fintech businesses to compete in the 2022
LendingTree Innovation Challenge, a showcase of promising
technology solutions that power a better mortgage experience for
consumers and lenders. Innovation Challenge demos were evaluated by
an expert panel of judges who declared Botsplash and ProPair as the
Challenge winners.
"It was fantastic to see the caliber of innovation and market
relevance from all participants in the 2022 LendingTree Innovation
Challenge," said Doug Lebda, founder
and CEO of LendingTree. "Since LendingTree matched its first
borrower to a lender 25 years ago, we've continued to seek out the
smartest, fastest ways for our customers to find the right loan
with the right lender for their financial journeys. Our Innovation
Challenge program is key to identifying the top emerging companies
delivering on this goal for lenders and customers."
Judges Julian Hebron with The
Basis Point, Jessica Gardner with
North American Savings Bank, and Neal
Johnson of Guaranteed Rate assessed how each of the nine
financial technology firms could transform the mortgage experience
for lenders and consumers. While all participants showcased
important innovations, the judges' scoring process resulted in a
two-way tie between Botsplash and ProPair.
Botsplash offers an omnichannel consumer engagement platform
that combines SMS, web chat, Facebook Messenger, Google's Business
Messages, and more onto one unified SaaS-based dashboard. Botsplash
takes a human-first approach to connecting lenders with customers,
and allows real interactions to inform how and when lenders should
use automation. With flexible CRM integration capabilities and
streamlined onboarding, Botsplash empowers businesses to reach
customers in new ways while managing customer conversations from a
single platform.
The ProPair DECISIONS platform leverages the power of machine
learning to automate and optimize every aspect of lenders' lead
management decisions including assignment, re-assignment, and
prioritization of lead activities. ProPair empowers lenders to
replace outdated manual processes with automated data science to
predict lead values, improve sales agent performance, maximize
sales objectives, and optimize sales activities through one simple
integration.
"The Basis Point is known for its insider analysis of the
fintech software ecosystem that powers banks and lenders, and it
was an honor to expand our LendingTree Innovation Challenge
partnership this year," said The Basis Point founder Julian Hebron. "In this role, we
help LendingTree select emerging firms most relevant to
serving lenders right now, and score fintech companies fairly while
pushing them to stay ahead of market challenges lenders face today.
Congratulations to this year's winners and participants."
About LendingTree, Inc.
LendingTree (NASDAQ: TREE) is one of the nation's largest, most
experienced online marketplaces, created to give power to consumers
so more people can win financially. LendingTree strives to provide
consumers with easy access to the best offers on home loans,
personal loans, insurance, credit cards, student loans, business
loans, home equity loans/lines of credit, auto loans and more,
through its network of over 500 partners. LendingTree has helped
over 111 million consumers obtain financing, save money, and
improve their financial and credit health with transparency,
education, and support throughout their financial journey.
LendingTree, Inc. is headquartered in Charlotte, NC. For more information, please
visit www.lendingtree.com.
Media Contact:
Megan Greuling
pr@lendingtree.com
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SOURCE LendingTree