E-Loan

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.

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.

Podcasts:

PLAYLIST TIME:

I Alone

by: Live

it's easier not to be wise
and measure these things by your brains
I sank into Eden with you
alone in the church by and by
I'll read to you here, save your eyes
you'll need them, your boat is at sea
your anchor is up, you've been swept away
and the greatest of teachers won't hesitate
to leave you there, by yourself, chained to fate
I alone love you
I alone tempt you
I alone love you
fear is not the end of this!
it's easier not to be great
and measure these things by your eyes
we long to be here by his resolve
alone in the church by and by
to cradle the baby in space
and leave you there by yourself chained to fate
oh, now, we took it back too far,
only love can save us now,
all these riddles that you burn
all come runnin' back to you,
all these rhythms that you hide
only love can save us now,




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