Type Public Website www.eloan.com | Industry Financial services Founded August 1996 | |
Key people Richard Carrión, CEO; Camille Burckhart, CIO; Mariel Arraiza, SVP Products Savings accounts & CDs; referral to partners for Loan products Number of employees Part of Popular, Inc., which has 8,000 employees Headquarters Pleasanton, California, United States Founders Janina Pawlowski, Chris Larsen Parent organizations Popular, Inc., Popular Financial Holdings, Banco Popular North America | ||
E-Loan, Inc. is a Rosemont, Illinois-based financial services company that offers savings accounts and certificates of deposit (CDs) and access to partners that may be able to assist customers in obtaining loans.
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In October 2008, E-Loan's parent company, Popular, Inc. said E-Loan would no longer operate as a direct mortgage lender in 2009, but would continue to provide certificates of deposit and savings accounts. Operational, general and administrative support functions would be transferred to other Popular subsidiaries. The company subsequently moved its headquarters in 2009 from Pleasanton, California to Rosemont, Illinois.
Company officials said customers who have already obtained loans through E-Loan would not be affected.
History
E-Loan was founded by Janina Pawlowski and Chris Larsen in 1997 to provide customers with access to mortgage loans over the Internet. In 1998, the company received venture capital funding from Sequoia Capital.
Company layoffs
The company cut over 500 jobs as part of a restructuring plan in November 2007.
Awards
Since its inception, E-Loan has garnered various awards for privacy and ease-of-use: