E-LOAN Reviews

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4.3
11 Reviews
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Recommend to a friend
Approve of CEO
E-LOAN President, CEO, and Director Mark E. Lefanowicz
Mark E. Lefanowicz
5 Ratings

Employee Reviews

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  1. Best Coworkers and Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Sales Consultant in Pleasanton, CA
    Former Employee - Senior Sales Consultant in Pleasanton, CA

    I worked at E-LOAN full-time (More than 3 years)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Supportive Management, opportunity to grow

    Cons

    It was bought then closed

    Advice to Management

    Stay in touch!

  2. It was a good job while it lasted.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Engineer in Pleasanton, CA
    Former Employee - Engineer in Pleasanton, CA

    I worked at E-LOAN full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Good people and information flow.

    Cons

    Legacy systems were not as adaptable to changing environment.

    Advice to Management

    It was fun, too bad the economy killed it.

  3. nice working environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Agent in Pleasanton, CA
    Former Employee - Loan Agent in Pleasanton, CA

    I worked at E-LOAN full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    good people, nice working environment, good compensation plan, good salary, good benefits.

    Cons

    ownership changed, benefits changed, poor management

    Advice to Management

    hire more experienced managers

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  5. Fun Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Legal Counsel in Pleasanton, CA
    Current Employee - Legal Counsel in Pleasanton, CA

    I have been working at E-LOAN full-time (More than 5 years)

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Very close knit community of employees. Made coming to work bearable.

    Cons

    Company stripped clean and local offices closed

  6. Consumer focused company with high values.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Financial Analyst in Pleasanton, CA
    Former Employee - Senior Financial Analyst in Pleasanton, CA

    I worked at E-LOAN full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Focused on allowing clients to make best choices with clear information and a work environment that allows for personal growth and self-driven opportunities.

    Cons

    Real Estate lending and Capital Markets ties.

    Advice to Management

    Try the idea again.

  7. E-Loan was great, until the founders left

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Pleasanton, CA
    Former Employee - Anonymous Employee in Pleasanton, CA

    I worked at E-LOAN

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    friendly people, interesting projects, fair pay

    Cons

    newer exec staff didn't line up well "with the people"

    Advice to Management

    Care more about the people

  8. E-Loan is a wonderful place to work

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager in Pleasanton, CA
    Current Employee - Project Manager in Pleasanton, CA

    I have been working at E-LOAN

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    E-Loan is a wonderful place to work and provides work/life balance.

    Cons

    downsizing due to the Mortgage meltdown

    Advice to Management

    Hang in there

  9. Good place to work, but limited salary and compensation

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Pleasanton, CA
    Former Employee - Anonymous Employee in Pleasanton, CA

    I worked at E-LOAN

    No opinion of CEO
    No opinion of CEO

    Pros

    Casual and collaborative working environment. In general, colleagues are very supportive and great to work with, but that experience may vary depending on the department you work for. If you are self-motivated, it is a good place to learn about internet and the banking industry. It is also pretty easy to maintain a work life balance.

    Cons

    Compensation package and growth opportunity within the company can use improvement. E-LOAN went through a significant down sizing in late 2007, so there has been a significant reduction business support roles. Prior to that, the company also has relatively high turn over rate. The management doen't invest as much as they should in the skills and knowledge of employees. I believe opportunities will be quite limited going forward.

    Advice to Management

    Senior management should be more open and direct with communication, especially during difficult times in the industry.

  10. Use Eloan as a training ground and then take that experience elsewhere

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager in Pleasanton, CA
    Former Employee - Project Manager in Pleasanton, CA

    I worked at E-LOAN

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Probably the only reason to work for E-Loan is to obtain the experience and knowledge in the Mortgage and refinance world. Some of their systems are robust and they address issues quickly. Their offices are very nice being modern and clean. They do provide ample free parking and they are located across from a major shopping mall and located right of of the freeway. There is a busline and a Bart station nearby for those who use mass transit. There does seem to be cohesioni between the information systems folks and project managers as they all work together to accomplish their goals.

    Cons

    Not very flexible in letting you work from home, benefits. The HR department was pretty useless when it came to obtaining additional information about programs. Some of their systems are robust and they address issues quickly, but the varying arrays of different systems that are not integrated cause inefficiencies. There is no on-site gym or shower facility for those who ride bikes. They do not offer any benefit for carpoolers, mass transit users, etc. The location can be somewhat out of the way, especially if you do not live in the Pleasanton/San Ramon area. The company did have a rash of lawsuits for employee discrimination and those were settled for an undisclosed amount. The company did not admit any fault.

    Advice to Management

    Listen to your employees. They have valuable information that can assist the customer. Senior Management does somewhat seem to be out of touch.

  11. Retail Deposits Representative

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at E-LOAN full-time (More than 3 years)

    Pros

    - dress code
    - management
    - salary
    - work life balance

    Cons

    - sitting for long hours

    Advice to Management

    - none. The managers were all very fair and professional.

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