Industry NewsMortgage

Google eyes mortgage lending service

LendingTree sues vendor Mortech
Published on Aug 27, 2009

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by CareyBot

Google is planning to launch a service in late August or early September that would provide Web surfers with loan offers from mortgage lenders, according to a lawsuit by LendingTree that seeks to stop the project in its tracks.

LendingTree filed suit Tuesday against Mortech Inc. -- the company that provides the "pricing engine" lenders use to generate loan offers through LendingTree -- saying the company is barred from providing the same services for other companies.