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E-LOAN, Inc. · Pleasanton, CA United States

Company Description

6230 Stoneridge Mall Rd.
Pleasanton, CA
94588
United States (Map)
Phone: 925-847-6200
Fax: 925-847-0831
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    E-LOAN has E-LIMINATED its direct-to-consumer lending activities and now only provides access to CDs and savings accounts through its Web site. The struggling division of Banco Popular North America (BPNA) stopped issuing new auto, home, and other types of loans in 2008 after it faced significant losses amid illiquid credit markets, declining mortgage originations, and a spike in foreclosures. E-LOAN attempted to restructure itself in 2007 and it cut 40% of its workforce. But a year later, its parent company, Puerto Rico's Popular, announced that it would scale back its US operations. E-LOAN'S functions were transferred to BPNA and Popular's processing unit, EVERTEC, in mid-2009.

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    Key E-LOAN, Inc. Financials

    Company TypeSubsidiary

    Headquarters
    Fiscal Year-EndDecember
    Employees1,000

    E-LOAN, Inc. Executives

    9 executives listed for E-LOAN, Inc.'s Pleasanton, CA location.
    TitleName & BioContact
    PresidentMark LefanowiczNetwork
    EVP and CFOAlberto ParacchiniNetwork
    Chief Information OfficerJay ShahNetwork

    Competition

    Competitive Landscape for E-LOAN, Inc.
    Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.
    Top E-LOAN, Inc. Competitors
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