Add-on Acquisition • Financial Services

LendingTree Acquires First Residential Mortgage Network

On November 16, 2010, LendingTree acquired financial services company First Residential Mortgage Network

Acquisition Context
  • This is LendingTree’s 1st transaction in the Financial Services sector.
  • This is LendingTree’s 2nd transaction in the United States.
  • This is LendingTree’s 1st transaction in Kentucky.

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M&A Deal Summary

Date November 16, 2010
Target First Residential Mortgage Network
Sector Financial Services
Buyer(s) LendingTree
Deal Type Add-on Acquisition

Target Company

First Residential Mortgage Network

Louisville, Kentucky, United States
SurePoint Lending, originally known as First Residential Mortgage Network, was founded in 1995 by Saul Pohn in Louisville, Kentucky. Saul and twin brother Jordan Pohn have grown the company into a full service residential mortgage provider licensed in 45 states and employing over 500 people. Headquartered in Louisville, Kentucky, SurePoint has production hubs in Nashville, TN, Indianapolis, IN and Tampa, FL.
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Buyer Overview 1

Buyer

LendingTree

Charlotte, North Carolina, United States

Category Company
Founded 1996
Sector Financial Services
Employees860
Revenue 900M USD (2024)
DESCRIPTION

LendingTree is an online lending exchange that facilitates matching borrowers and lenders. It provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, credit cards, as well as access to student loans and commercial lending products. LendingTree was founded in 1996 and is based in Charlotte, North Carolina.


Deal Context for Buyer #
Overall 2 of 9
Sector: Financial Services 1 of 1
Type: Add-on Acquisition 2 of 8
State: Kentucky 1 of 1
Country: United States 2 of 8
Year: 2010 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-10 iNest Realty

Bloomington, Illinois, United States

iNest is a new-home builder referral network that specializes in serving builders and buyers of newly-constructed homes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-21 FastStart Real Estate Services

United States

RealEstate.com is one of the most recognized addresses in the online real estate category, with consistent organic traffic and significant potential for further growth. The acquisition includes the RealEstate.com website, as well as a national network of more than 250 participating brokerage companies and hundreds of other real estate domains that Market Leader expects to put to work for its real estate professional customers.

Sell -