LendingTree Groups Up With Westlake Monetary For Oblique Auto Lending Platform

On-line lending alternate LendingTree (NASDAQ: TREE) introduced on Friday it’s launching an oblique auto lending platform. LendingTree revealed that the platform, which is created with Westlake Monetary, will allow customers to buy and evaluate pre-qualified oblique auto mortgage charges on the LendingTree web site.

“For over 10 years, LendingTree has helped thousands and thousands of customers store for auto loans with direct lenders like CapitalOne and LightStream. Via accomplished integrations with each RouteOne and DealerTrack, main F&I providers platforms connecting hundreds of automobile sellers and finance sources, LendingTree is now positioned to empower customers with prompt finance gives which are totally transactable on the dealership.”

Talking in regards to the new platform,  Mike Funderburk, Normal Supervisor, Auto Loans at LendingTree, acknowledged:

“Empowering our customers with top quality transactable mortgage gives that may save them important time on the dealership can be a significant shift within the client expertise that can profit everybody concerned.”

Ian Anderson, Group President of Westlake Expertise Holdings, added:

“The significance of offering prospects with a streamlined on-line automobile shopping for course of was highlighted all all through 2020. I’m assured that this partnership will enable each events to make a good greater affect inside the automotive business, all whereas enhancing the automobile buying expertise for customers,”