E-LOAN, Inc. operates as an online provider of loans directly to consumers in the United States. It offers borrowers a variety of purchase and refinance mortgage loans, home equity loans and home equity lines of credit, and auto loans. The company originates loans through its Web site and by telephone, and funds the loans using warehouse and other lines of credit and then sells the closed loans. The loan products include conforming and jumbo fixed rate mortgages; adjustable rate mortgages; alternate ‘A’ and non-prime mortgage loans; concurrent second mortgages; home equity loans; and lines of credit. E-LOAN operates both as a mortgage broker and a mortgage lender. The company was co-founded by Christian A. Larsen in 1996 and is headquartered in Pleasanton, California. As of November 1, 2005, E-LOAN Inc. is a subsidiary of Popular Inc.