Online Proofing Helps LendingTree Maintain Compliance & Regulatory Standards; Provides Competitive Differentiation
LendingTree, the nation’s leading online loan marketplace with the industry’s largest network of lenders, provides consumers with a way to connect with multiple lenders for a number of financial borrowing needs. From the comfort of their homes, consumers can fill out one simple form and shop, compare, and save on the loans they need. Consumers are able to track their credit score, review loan and credit card accounts, and utilize a variety of informational resources and tools to help them manage their finances and have an informed experience. And the best part? It’s free.
John Henson, Vice President and Head of Compliance for LendingTree, explains that LendingTree has various creative marketing pieces coming through different channels and from multiple locations all the time. “We had issues with non-employees working on the proofs so we were unable to give legal advice without blowing the attorney-client privilege.”
LendingTree’s diverse network of financing products called for a centralized location where their legal and compliance teams could retain control of the information being shared. They turned to ProofHQ for a practical solution.