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What’s LendingTree up to?

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LendingTree founder and CEO Doug Lebda wouldn't dare compare training for the upcoming Ironman CEO Challenge in which he's expected to participate this summer with the daily tasks of running a publicly traded online company. The two challenges are much too different. But Lebda shared his thoughts about the online real estate and lending exchange, rising interest rates and the changing marketplace today during an Inman News audio conference. He thinks LendingTree is well positioned to take on rising interest rates despite the shrinking refinance market because lenders will have the capacity to take on more business as their share of refinance loans shrinks. That means they'll turn to channels like LendingTree to grow their share of purchase loan business, Lebda believes. "Decreases in the refinance volume for our business are somewhat offset because in a refi boom, lenders typically have all the volume they can handle," he said. One challenge lenders face as interest rates rise is the ...