E-Loan

E-LOAN, Inc.
Company typePublic
IndustryFinancial services
Founded1997
FounderJanina Pawlowski and Chris Larsen
HeadquartersNew York, New York, U.S.
Key people
  • Ignacio Alvarez
  • (CEO)
  • Richard Carrión
  • (Executive Chairman)
  • Camille Burckhart
  • (CIO)
ProductsReferral to partners for Loan products
Number of employees
Part of Popular, Inc., which has 8,000 employees
ParentPopular, Inc.
Websitewww.eloan.com

E-Loan, Inc. is a financial services company that offers its users access to partners that may be able to assist them in obtaining loans.

E-Loan was a pioneer in the online lending industry in the late 1990s and early 2000s. As of 1999, it was the number one site for online lending, with Quicken Loan's later online offering playing catch-up in second after E-Loan declined a buyout offer.[1]

As of 2017, E-Loan is focused on its personal loan referral business, and as of May 15, 2017 all of its deposit customers were transferred to Popular Direct.[2][3]

E-Loan is a division of Banco Popular de Puerto Rico.

  1. ^ "Should she keep the baby". Forbes Magazine. 1999.
  2. ^ "E-Loan to Stop Direct Mortgage Lending but Will Maintain Loan Portal/Referral Business". Finovate.com. October 2008.
  3. ^ Boyett, Joseph H.; Boyett, Jimmie T. (1998). The Guru Guide to Entrepreneurship: A Concise Guide to the Best Ideas. ISBN 9780471436867.