IBM's wholly owned subsidiary, IBM Lender Business Process Services (IBMLBPS), will provide LendingTree Loans with technology and business processoutsourcing for mortgage loan processing. These services will includecustomer service, document preparation, loan closing coordination and postclosing review for LendingTree Loans' conventional, conforming, jumbo andFHA mortgage products.

LendingTree Loans is an online direct-to-consumer mortgage lender thatprovides an end-to-end home loan experience from customer acquisition toloan funding and servicing capabilities. The company, which also workswith lenders and servicers to help refinance and modify loans in theirportfolios, is a licensed mortgage lender authorized to conduct businessnationwide.

IBM's significant investment in its LBPS technology platform will allowLendingTree Loans, its first online mortgage customer, to have greaterflexibility during market upswings and contractions. Additionally, throughIBM's cloud computing technology LendingTree Loans will be able to offerits customers more visibility and control over their loan process byenabling them to track the status of the processing and closing of theirloan in real time via the Internet.

"By leveraging IBM's industry expertise and leading applications,technology and operational capabilities, LendingTree Loans will be able tomore quickly streamline operations allowing the business to scale duringmarket cycles," said David Norris, president, LendingTree Loans. "Inaddition, working with IBM provides our customers transparency during theloan fulfillment process providing them more insight and information duringa critical time. Our goal is to provide customers a seamless lendingexperience from start to finish and IBM will become an important partner inthat effort for the LendingTree Loans business."

"We are excited to support LendingTree Loans and their focus on drivinginnovation into the mortgage origination process and its exceptionalcommitment to the consumer," said Eric Ray, general manager, FinancialServices Sector for IBM Managed Business Process Services. "IBM iscommitted to working with LendingTree Loans to enhance the experience ofconsumers closing home loans."

About IBM

For more information, visit www.ibm.com/services.

About Tree.com, Inc.

Tree.com, Inc. is the parent of several brands and businesses in thefinancial services and real estate industries including LendingTree,LendingTree Loans(SM), GetSmart.com, HomeLoanCenter.com, RealEstate.com,iNest.com, and RealEstate.com, REALTORS®. Together, they serve as an allyfor consumers who are looking to comparison shop loans, real estate andother financial products from multiple businesses and professionals whocompete for their business.

Tree.com, Inc. is headquartered in Charlotte, N.C. and maintains operationssolely in the United States. For more information, please visitwww.tree.com.

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Media Contacts:Bruce McConnelIBM Corporation914-766-4427wmcconn@us.ibm.comAllison VailLendingTree704-943-8339allison.vail@lendingtree.com