Thematic + 

LendingTree

LendingTree teams up with Thematic for actionable customer insights at scale.

LendingTree teams up with Thematic for actionable customer insights at scale.

3M>

Loans approved across a spread of product verticals

$260B

Value in loan funding approved

111M

People helped through their marketplace

Region

North America

Industry

Financial

Use Case

Product team

C-Suite

Lending Partners

Insights & Analytics

Data sources

Analyzing feedback and attributes from 10 continuous data sources: Surveys for 7 product verticals. Surveys across 3 phases of customer experience

Tools used

Qualtrics XM

Delighted

Overview of the challenge

A few years ago, LendingTree struggled to extract insights they could use from their all-in-one customer experience solution. They’ve always had a ton of feedback from consumers, with well over 20,000 comments in a 90 day period. They needed their analysis to provide more accurate and useful insights.

LendingTree teams up with Thematic for actionable customer insights at scale.

How to go from unstructured data to comprehensive insights without creating rules

Easy to align on critical issues and build differentiated offerings

Lendingtree use Thematic's full reporting and analytics suite for a high level view and to dive into the detail. Thematic dashboards and reports give the product and CX teams a high-level view of the drivers of NPS. Lee's team dives into the driver and trend analysis to find out things such as how the needs of home loan borrowers differ from personal loan borrowers. Using Thematic's flters, teams can easily dig into verbatims to design solutions that are pertinent to specific customers.

Empowered to shift from product-led to customer-led decision making

LendingTree use Thematic to Identify and quantify pain points and drivers of NPS, track and notify the product team of feedback on new product features, to iterate quickly post-launch. Thematic helps them address small customer problems before they can evolve into something bigger. The platform helps them make sense of feedback data in a way that is quick, quantified and rich with stories. Their product teams and lending partners feel empowered with an understanding that helps them to be customer-led. For example, with Thematic the insights team discovered that acquisition costs were a major barrier to their market growth, building quick support from the business to lower these costs.

Saves time, by automating the heavy lifting

Lee King, Head of Insights at LendingTree, explored alternatives and chose Thematic as the best solution. They needed AI that delivered the best quality of insights from text comments at scale, without requiring you to build rules or train the AI. Lee’s team hundreds of hours in data preparation and analysis with Theamtic. There’s no need for training AI models or manually coding responses. Instead, the self-learning AI builds themes directly from each dataset. Lee recently set up workflows in Thematic to automatically alert the people responsible for solving key issues.

Lee King

Thematic works straight out of the box. I can show the business promoters and detractors, quantify the drivers. Then, it’s the richness of the qualitative comments that builds an understanding of how the customer feels and experiences.

Read more

Using Thematic to get clear focus on how to drive growth and save costs

Goals
  • Unify omnichannel unstructured feedback into a qualitative system of reference
  • Deliver enterprise customer analytics across 7 feedback channels and 3 product lines
  • Provide core functions with insights to improve operations, including product quality, app experience and complaints handling
Read Case study

Thematic lets us quickly turn unstructured feedback from across channels into clear insights that directly inform our product roadmap and corporate strategy.

Michael Sherwood

Head of CX of Atom Bank

How Art.com uses Thematic to drive ownership of insights across the organization

Goals
  • Quantify and summarize customer feedback to inform decisions
  • Simplify the process of finding and sharing insights
  • Identify the impact of multiple business functions on NPS
Read Case study

“It was very easy to implement Thematic! There was nothing to download, no 4-6 week implementation timeline. There was only a login needed - that’s it. It goes way beyond the standard, into stronger data analytics, enabling us to make more data-driven decisions. Also, the dashboard gives us a quick glimpse of what's happening right this moment. It enables quick pulse checks and I like that."