LendingTree Expands Charlotte Headquarters:
Doubling in Size with 314 Job Expansion

Published Wednesday, November 2, 2016

 

Nov. 2, 2016 – Commerce Secretary John E. Skvarla, III, and the Economic Development Partnership of North Carolina (EDPNC) along with the Charlotte Chamber announced today that LendingTree, LLC, a leading online lending exchange, is expanding their corporate headquarters in Charlotte. The company will create 314 jobs over five years to double in size and invest nearly $47 million in Charlotte’s South Park community.

“North Carolina is the intersection of finance and technology, and LendingTree’s expanded headquarters campus just made that intersection even busier,” said Secretary Skvarla. “This innovative company provides valuable financial tools for U.S. consumers, and the Charlotte Region will continue to be an integral part of their success.”

LendingTree’s expansion plans include a new headquarters campus in Charlotte that will accommodate technology experts, marketing and customer service representatives among other personnel. Salaries will vary by position, with an average annual compensation of $81,857.

“LendingTree, a company who 20 years ago pioneered online financial technology, continues to bring innovative solutions to the lending process for both consumers and lenders," said Doug Lebda, founder and CEO of LendingTree. “We now have over 360 employees, split primarily between our North Carolina headquarters and our office in California, have been named as one of Fortune Magazine's top 10 fastest-growing companies in the world, and the best-run public company in North Carolina by the Charlotte Business Journal. Our growth trajectory further emphasizes our ever-expanding need for top technology, design and analytics talent. And after a very thorough process, we are absolutely certain that Charlotte and the state of North Carolina remain the indisputable location to expand our footprint and advance our leadership position within the FinTech industry.”

“We are pleased that LendingTree continues to invest in the community. They are an in important partner in the region’s booming FinTech sector,” added Bob Morgan, Charlotte Chamber president and CEO.

Founded in 1996 and established its Charlotte headquarters in 1998, LendingTree has facilitated more than 65 million loan requests. The company connects consumers with multiple lenders, banks, and credit partners who compete for business. LendingTree currently employs 287 people in North Carolina.

For more information on today’s announcement, click here for the North Carolina Department of Commerce news release.

Media Contact:
Megan Greuling
LendingTree
Sr. Communications Manager
704.943.8208
Megan.Greuling@LendingTree.com

Media Contact:
Kati Hynes
Charlotte Chamber
VP Economic Development
704.378.1371
khynes@charlottechamber.com