Carmel and Mortgage Brokers and Hamilton County and Banking & Finance and Mortgage Lenders and Mortgages and Regional News

LendingTree.com office with 64 employees closing in Carmel

June 6, 2011

The parent of online mortgage provider LendingTree.com said it will close its Carmel office, resulting in the loss of 64 jobs.

Charlotte, N.C.-based Tree.com Inc. on Friday notified the Indiana Department of Workforce Development that the office at 11595 N. Meridian St. will close during a 14-day period ending Aug. 16.

A few of the 64 employees may be offered transfers to another LendingTree.com office, the company said.

Tree.com is the parent of several financial services and real estate subsidiaries. Besides LendingTree.com, they include GetSmart.com and RealEstate.com.

For the quarter ended March 31, the company lost $39.5 million, or $3.63 per share amid difficult times for the residential mortgage industry.

The housing market continues to struggle both locally and nationally.

Home-sale agreements in the nine-county Indianapolis area sank for the 12th straight month in April, plunging 36.4 percent compared to the same month a year ago.

 

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