Lenders participating in ""LendingTree's"":www.lendingtree.com/ network have a new platform to help raise lead volume. The national online lending exchange recently launched the Predictable Volume Program for qualified network members.[IMAGE]
LendingTree's new module uses innovative technology and analytics to ensure that lenders gain consistent, predictable lead volumes. The program applies predictive modeling to the[COLUMN_BREAK]
network exchange, providing for strategic and data-driven decisions for lead flow and processing.
The company ran a pilot version of its platform prior to the official launch of the Predictable Volume Program, and LendingTree says that it has been able to meet 100 percent of lenders' expected capacity levels. The site noted in a statement to the press that it ""expects to quickly enroll more lenders into the Predictable Volume Program.""
Doug Lebda, chairman and CEO of LendingTree, said of the program's launch, ""We're generating more lead volume and can now predict and better manage overall volume levels. Everything ├â┬ó├óÔÇÜ┬¼├é┬ª the marketing team have put into place is working. We can now deliver predictable and consistent mortgage lead volume without sacrificing quality, making LendingTree a stronger partner for our network.""
One of the pilot program participants, ""Lenders Direct"":www.lendersdirect.net/, commented positively on the new platform; the company's senior vice president, Mike Horn, stated, ""LendingTree's pilot program has provided us with the requested lead volume on a consistent day-in, day-out basis. It's given us a better line-of-sight for planning, budgeting and expected lead conversion.""