Industry NewsTechnology

LendingTree settles with vendor

Mortech accused of working with Google on mortgage service

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LendingTree has reached a settlement with a vendor it alleged was working with Google to provide online offers from mortgage lenders, dropping a lawsuit that sought a temporary restraining order and preliminary injunction to halt the venture.The settlement is confidential, and neither LendingTree nor the vendor it sued, Mortech Inc., is saying much about it.LendingTree issued a press release saying the dispute had been resolved "to the mutual satisfaction of both parties" and the lawsuit dismissed. The company declined further comment.A spokeswoman for Mortech said the company remains "committed to our customers, including those on the LendingTree network, and will continue to provide the absolute best service in the mortgage pricing engine, product eligibility and lead management space."Attorneys for LendingTree filed notice that the company was dismissing its case "with prejudice" -- meaning it can raise the same issues again -- and that the U.S. Distric...