Chairman, CEO & FounderLendingTree
Frustrated by getting his first mortgage, Doug Lebda saw a need to empower consumers in what is, for most, the largest financial transaction in their lives - financing a home. He envisioned a process where lenders would compete for the borrower’s business in a fair and open marketplace and lenders would be able to target exactly the right consumers to grow. With that vision, LendingTree was founded and has revolutionized how consumers shop for loans and how lenders reach new customers. After the company was founded in 1996, it was launched nationally in July 1998. Doug led LendingTree through a successful IPO in 2000, through the dot-com meltdown of 2001 and a successful sale to IAC/InterActiveCorp in 2003. From 2005 to 2008, Doug served as IAC’s President and Chief Operating Officer, leading the company through a transition from a holding company to a unified operating company. In 2008, Doug rejoined Tree.com as it spun out from IAC as a separate public company. In 2015, Tree.com changed its corporate name to LendingTree, Inc. to better reflect the company’s go-forward strategy and flagship brand.