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Article: E-LOAN Funds Over $2.5 Billion in Mortgage Loans; E-LOAN Achieves Record First Mortgage Loan Volume of $300 Million in November; 9 Out of 10 Customers Rate the Quality of E-LOAN's Service As Excellent or Very Good.
- Article from:
- PR Newswire
- Article date:
- December 4, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DUBLIN, Calif. -- E-LOAN, Inc. (www.eloan.com), a leading online lending company, today announced it has exceeded $2.5 billion in first mortgage loan volume year-to-date, an increase of more than 140 percent over the same period last year. E-LOAN also announced that it achieved record monthly first mortgage loan volume in November 2001. In November 2001, E-LOAN originated $300 million in first mortgage loans, an increase of 177 percent over November 2000.
"E-LOAN is funding billions of dollars in loans, while earning high marks from its customers," said Joe Kennedy, E-LOAN's President and COO. "Unlike many traditional players, E-LOAN has built a proprietary ...