LendingTree is rolling out a new tool designed to help lenders identify borrowers who meet Community Reinvestment Act criteria.
The tool will determine whether low- to moderate-income borrowers meet CRA criteria. LendingTree is marketing the tool to banks and other lenders that are subject to CRA evaluations.
"LendingTree's new matching capability offers more financing opportunities to borrowers who may otherwise find difficulty in securing loans due to income requirements," said Doug Lebda, founder and CEO of LendingTree, in a news release Monday.
Lenders interested in the new CRA eligibility program can register on LendingTree's website.
