Tree.com, Inc. (Tree.com), through its subsidiaries, operates a lending business (the Lending Business) and a real estate business (the Real Estate Business). The Lending Business consists of online networks and call centers, principally LendingTree.com and GetSmart.com, which match consumers with lenders and loan brokers. In addition, the Lending Business originates, processes, approves and funds various types of residential real estate loans under two brand names, LendingTree Loans and HomeLoanCenter.com. The Real Estate Business consists primarily of an Internet-enabled national residential real estate brokerage that operates offices in 20 markets under the brand name RealEstate.com, REALTORS. On August 20, 2008, Tree.com (along with its subsidiary, LendingTree, LLC) was spun off from IAC/InterActiveCorp into a separate company.