LendingTree and RouteOne Announce Digital Auto Finance Integration | RouteOne

LendingTree and RouteOne Announce Digital Auto Finance Integration

Tuesday, October 15, 2019

LendingTree, Inc. (NASDAQ: TREE), operator of LendingTree.com, the nation's leading online loan marketplace, announced its integration with RouteOne, a leading F&I services platform connecting thousands of car dealers and finance sources in North America. 

With the integration, LendingTree’s credit application functionality will integrate with RouteOne’s credit aggregation system to present indirect financing offers to consumers. The integration enhances LendingTree’s automotive product offering and empowers consumers with instant finance offers that are fully transactable at the dealership. Knowing their finance options ahead of time provides car buyers with peace of mind. Dealerships, in turn, can seamlessly fulfill car-buying transactions using their respective processes, systems, and selection of lenders. 
“Our integration with RouteOne allows us to further broaden consumer choice while creating incremental sales opportunities for car dealers,” said Neil Salvage, President of LendingTree. “Equipped with financing in hand, LendingTree users can walk into the dealership and close their deal with speed and confidence, resulting in a positive consumer experience for lenders, dealers, and borrowers.”
LendingTree simplifies the car financing experience, giving consumers instant access to finance offers, including the peace of mind that comes with securing a fair deal. Millions of consumers have used LendingTree’s innovative digital auto finance platform to get approved for financing prior to visiting the dealership. 
“We’re pleased to welcome LendingTree to our platform,” added Justin Oesterle, Chief Executive Officer of RouteOne. “This integration is yet another example of RouteOne’s commitment to providing innovative ways to enhance the car buying process for consumers, car dealers, and indirect auto financing sources alike.” 
LendingTree offers car buyers nationwide the ability to obtain up to five personalized financing offers on the vehicle of their choice. The company safeguards sensitive consumer information with advanced encryption and state-of-the-art data security technology.