LendingTree Reverse Mortgage Review

Rating: 9.5 / 10 (Excellent)
Disclosure: We receive advertising revenue from this partner. Learn more.
LendingTree is an online lending aggregator which connects borrowers and lenders. This company, which was founded in 1996 in South Carolina, offers a range of financial products, including single-purpose and proprietary reverse mortgages. While closing fees and interest rates will vary, LendingTree is fully accredited, meaning that their lenders are backed by appropriate government agencies.

How is LendingTree rated?

Breakdown

10/10
Lender Details
10/10
Loans
10/10
Consumer Experience

Overall Rating: 9.5 / 10 (Excellent)

Lending Tree is an excellent option for comparing competing offers from a variety of different lenders in their network. Potential borrowers benefit from the convenience of an easy-to-use interface, and a good amount of tools and resources, including calculators and informative guides. They're very healthy financially, and generally well regarded, with few regulatory actions or consumer complaints.

Lender Details

Lender Type
Marketplace
Nationwide Mortgage Licensing System ID
1136
Nationwide Mortgage Regulatory Actions
2

Lender Details - 9.5 / 10

Lending Tree is not a direct lender, but rather an online marketplace that matches borrowers to up to five different lenders. This allows homeowners to not only obtain competing offers, but also gives them access to a larger amount of loan types. Lending Tree only has two regulatory actions against them, which is negligible, especially considering the amount of high-volume traffic they generate.

LendingTree Loans

Loan Types
HECM Traditional
HECM for Purchase
HECM Refinance
Proprietary Reverse Mortgage
Payout Options
Lump Sum Payment
Monthly Payments
Line of Credit

Loans - 9.5 / 10

Since Lending Tree connects homeowners with a variety of different, competing reverse mortgage offers from their network of lenders, borrowers can choose between every existing type of reverse mortgage, with their corresponding methods of payouts. As a comparison tool, obtaining various quotes is invaluable to making an informed decision. Specific details regarding terms and requirements depend on the lender. The company therefore offers a level of flexibility few can match.

LendingTree Consumer Experience

Site Features & Mobile App
Home Equity Calculator
Online Application
Online Quote
Mobile App
BBB Rating
A+
Number of BBB Positive Reviews
55
Number of BBB Neutral Reviews
10
Number of BBB Negative Reviews
53
Trust Pilot Rating
9.4 out of 10
Date Collected
2017-08-17

Consumer Experience - 9.5 / 10

Lending Tree is committed to giving their customers access to as many resources possible. To that end, they've included a variety of online tools unmatched by most other reverse mortgage providers. These include different calculators, online application and quote, and a mobile app for extra convenience.

Contact & Additional Info

Homepage URL
Company Phone
(800) 813-4620
Headquarters Address
11115 Rushmore Dr., Charlotte, NC, 28277
Mailing Address
11115 Rushmore Dr., Charlotte, NC, 28277
Year Founded
1997

Top Rated
Our Partner
9.5 / 10
  • Save money by easily comparing rates from multiple lenders
  • A+ Rating with the BBB
  • Choose the payout option that works for you
  • No mortgage payments; still pay taxes and insurance
  • Still own and live in your home while receiving cash
  • Generally will not affect your social security
  • When banks compete, you win!

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LendingTree Reverse Mortgage