E-Loan

From Wikipedia, the free encyclopedia

 This article or section is written like an advertisement.
Please help rewrite this article from a neutral point of view.
Mark blatant advertising which would require a fundamental rewrite in order to become encyclopedic for speedy deletion, using {{db-spam}}. (April 2008)
E-LOAN, Inc.
Type Public
Founded 1997
Founder Janina Pawlowski and Chris Larsen
Headquarters Pleasanton, CA
Key people Mark Lefanowicz, President
Industry Financial Services
Products Mortgage Refinance Loans
Home Loans
Home Equity Loans
Car Loans
Online Savings Accounts & CDs
Student Loans
Employees 340
Parent Popular, Inc.
Website www.eloan.com

E-LOAN, Inc. is a financial services company that offers mortgage refinance, home purchase loans, home equity loans, auto loans and student loans, along with online high yield savings accounts and certificates of deposit (CDs).

E-LOAN is currently headquartered in Pleasanton, California, and employs more than 340 people. As of March 2008, the company has funded over $33 billion in loans.

Contents

[edit] History

Founded in 1997 by Janina Pawlowski and Chris Larsen, E-Loan, Inc. was established to provide customers with access to mortgage loans over the Internet.

As the company continued to evolve, more products and enhancements were introduced. In 1998, E-LOAN launched E-Track, a proprietary system that allows borrowers to securely check the status of their loans online. On September 2, 1998, E-LOAN received venture capital funding from Sequoia Capital. [1]

E-LOAN added car loans, credit cards, and small business loans to its product line in September 1999.

In 2000, E-LOAN became the first company to provide consumers with free access to their credit scores, allowing customers to check for possible incidents of identity theft or erroneous entries of credit debt. This was introduced at a time when many financial companies were reluctant to release this information.

Buoyed by this success, but still determined to improve public credit disclosures throughout the nation, Larsen helped form “Californians for Privacy Now” to lead the fight for stricter financial privacy protection. After collecting over 600,000 signatures, the measure was placed on the California ballot and passed into law in 2003.

Ownership of the company changed in 2005 when Popular, Inc. acquired E-LOAN, Inc.

In 2006, E-LOAN branched out into online savings accounts and CDs.

[edit] Awards

Since its inception, E-LOAN has garnered various awards for privacy and ease-of-use. Some of these include:

[edit] References

  1. ^ Sequoia Capital funds E-LOAN. Retrieved on 2007-12-11.

[edit] External links