Is LendingTree considered a bank?

No, LendingTree is not considered a bank. It is an online lending marketplace that connects borrowers with multiple lenders, banks, and credit partners who compete for their business. LendingTree provides consumers with a platform to compare loan offers for mortgages, personal loans, credit cards, auto loans, student refinancing, and more. While the company facilitates the borrowing process by offering consumers choices and access to financial products, it does not issue loans directly; therefore, it is not a bank and does not take deposits or operate as a financial institution in the traditional sense.