E-Loan

2 results about this entity

Period: 08 Feb 2006 - 27 Oct 2008

E-loan to exit mortgage business

US-based online lending platform E-loan is to quit the mortgage origination business after posting an $87.4 million net loss in the third quarter.

Former E-Loan exec Larsen launches Zopa-style Prosper lending network in US

Chris Larsen, co-founder and former chief executive of E-Loan has established a copycat version of the UK's Zopa social lending network, a Web-based system that disengages the banking middle man and puts individual borrowers directly in touch with lenders.