E-LOAN, Inc.
Pleasanton, CA 94588 (Map) Phone: 925-847-6200
Fax: 925-847-0831
Toll Free: 888-533-5333
http://www.eloan.com
Overview
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.
Sample Overview
Key Numbers from Hoover's UK
Key financials for E-LOAN, Inc.
| Company Type | Subsidiary of Popular, Inc. |
|---|---|
| Fiscal Year-End | December |
Key People from Hoover's UK
Key people and executives for E-LOAN, Inc.
| President | Mark E. Lefanowicz (Subscribers see complete biographies -- view sample)
Connect to this executive |
|---|---|
| EVP and CFO | Alberto J. Paracchini Connect to this executive |
| Chief Information Officer | Jay Shah Connect to this executive |
Top Competitors from Hoover's UK
Top competitors of E-LOAN, Inc.
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Hoover's Industries
- Financial Services(primary)
