E-LOAN Reviews

Pros

friendly people, interesting projects, fair pay

Cons

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

Advice to Senior Management

Care more about the people

Pros

base plus comission, laid back environment, casual work atmosphere, good compensation for selling and monthly bonuses as well. overall good experience.

Cons

phone based selling, basiclly a call center, no direct customer interaction and the office was very small. fjdj the fhdldd

Advice to Senior Management

fdh fehe theo h fh the the the the the the the hte hte hth the the thet hte hte

Pros

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

Cons

downsizing due to the Mortgage meltdown

Advice to Senior Management

Hang in there

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 Senior Management

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

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 Senior Management

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