Mortech Will Soon Answer Legal Challenge by LendingTree

Mortgage technology software provider Mortech, Lincoln, Neb., said it has plans to address a legal challenge by LendingTree, Charlotte, N.C. Mortech said in an e-mailed statement that it would deal with the issue in a "timely fashion," and noted it has a good track record and reputation when it comes to its dealings with industry partners and customers. According to a New York Times press report, the suit alleges that LendingTree feels that Mortech, as its business partner, is in violation of its contract because it is planning to make its pricing engine services available for another online provider's use (Google) and those services would compete with LendingTree's. LendingTree could not be reached for comment at press time. (The Mortech referenced here is not industry expert Jeff Lebowitz's similarly named Mortech LLC, which has its principal office in Guilford, Conn.)