E-Loan Inc. - EELN- Profile

E-LOAN Incorporated. The Group's principal activity is to provide online mortgage loans, home equity loans, home equity lines of credit and auto loans. The Group originates loans through website and by telephone, fund the loans using warehouse and other lines of credit and sells the closed loans. The products and services of the Group include the E-Loan Solution and E-Loan Innovations. The E-Loan Solution helps the consumer through Internet, find the right loan and streamline the aspect of loan application and approval process. E-Loan Innovations provides online tracking system of loan applications, recommendations regarding loan products, information regarding refinancing and disclosures regarding federal and state laws. The Group engages in hedging activities to minimize interest rate risk during the time between rate-lock with customer and sale of the loan. The Group operates throughout United States. Provides online mortgage loans, home equity loans, home equity lines of credit and auto loans to consumers