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Avant Recognized as Top Customer-Rated Lending Platform

June 22, 2016

CHICAGO, June 22, 2016 /PRNewswire/ -- Online lending platform Avant is pleased to announce it's customer experience has been rated #1 by customers according to LendingTree. LendingTree®, a leading online loan marketplace, releases a quarterly list of the top customer-rated lenders on its network based on customer reviews.

The list features the top lenders and lending platforms in LendingTree's core loan marketplace categories: Mortgages, Personal Loans, Auto Loans, Student Loans, and the newly added satisfaction rating segment, Business Loans. Avant was ranked first in the personal loan product category for the first quarter of 2016.

"Our mission at Avant is to provide consumers with a transparent loan product that will fit their unique financial situation," said Al Goldstein, CEO of Avant. "Our customers have access to a cutting-edge digital experience from start to finish. Customers may receive approval in real-time through a streamlined online application and receive funds as soon as the next business day. We also handle all aspects of our servicing in-house so there is always a customer service representative on hand to assist."

Avant provides access to unsecured personal loans ranging from $1,000-$35,000 with loan terms ranging from 2-5 years. Avant does not charge origination fees or pre-payment penalties and offers late fee forgiveness. To date, Avant has served more than 500,000 customers with more than $3 billion in loans originated through the platform.

LendingTree provides consumers access to more than 350 lenders and lending platforms from across the country. LendingTree's network of lenders provide a variety of loan products including but not limited to new purchase mortgages, refinance and home equity, as well as personal loans, auto loans, business loans, and student loans.

About Avant Avant is an online lending platform that is lowering the costs and barriers of borrowing for consumers. Through the use of big data and machine-learning algorithms, the company offers a unique and highly customized approach to streamlined credit options. At its core, Avant is a tech company that is dedicated to creating innovative and practical financial products for all consumers. To date, Avant has secured more than $1.7 billion in funding and another $1.8 billion through its institutional marketplace. More than 500,000 loans have been issued worldwide through the Avant website. Avant operates under the name AvantCredit in the United Kingdom. Avant has been featured in publications such as The Wall Street Journal, The New York Times, TechCrunch, Fortune, Bloomberg and Crain's Chicago Business. In 2015, Avant was named to Forbes America's Most Promising Companies list as well as Forbes list of Next Billion Dollar Startups. Find out more at www.avant.com. Unsecured loans originated through the Avant platform at www.avant.com are made by WebBank, a Utah industrial bank.

About LendingTree
LendingTree is the nation's leading online loan marketplace, empowering consumers as they comparison-shop across a full suite of loan and credit-based offerings. LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 55 million loan requests. LendingTree provides free monthly credit scores through My LendingTree and access to its network of over 350 lenders offering home loans, personal loans, credit cards, student loans, business loans, home equity loans/lines of credit, auto loans and more. LendingTree, LLC is a subsidiary of LendingTree, Inc. For more information go to www.lendingtree.com, dial 800-555-TREE, like our Facebook page and/or follow us on Twitter @LendingTree.

CONTACT: Carolyn Blackman Gasbarra, 312-763-7510, [email protected]