LendingTree: ‘Small Business Loan Originations Up 40% On Our Platform’

LendingTree’s small business loan origination volume is up 40% YoY, according to the company’s latest quarterly earnings report.

“In small business, we made a strategic investment to grow our sales force and it has paid off in more business and more efficiency,” said LendingTree CEO Doug Lebda. “I think that small business can be a real growth driver for us.”

Lebda added that profitability had been consistently growing each quarter and that the company was “on a roll.” And part of that is being attributed to staying on top of AI.

“Eighteen months ago, I told our board and our company that we’re going to be an AI first company,” Lebda said. “And today, effectively, all of our employees are using AI in their day jobs, including having enterprise GPT for everyone.”