E-LOAN Standardizes on Salesforce.com to Create a Customer Communications Hub
Online consumer direct lender relies on trusted on-demand
standard to improve operations and customer response times by integrating its loan origination
system with salesforce.com
SAN FRANCISCO - April 2, 2007 - Salesforce.com [NYSE: CRM], the market and technology leader in
on-demand business services, today announced that E-LOAN, an online consumer direct lender, has
significantly improved its loan origination operations and achieved improved customer
communications by joining 1,200 other financial services companies and standardizing on the leading
on-demand CRM applications from Salesforce. Now, E-LOAN can track customers and supply chain data
from its loan origination system within their Salesforce applications. E-LOAN has a platform for
handling critical customer-facing interactions, so loan consultants have easy access to real-time
loan customer communication status, and management has a complete view of its communications
pipeline.
E-LOAN is one of the 29,800 companies of all sizes, industries and geographies that comprised
the salesforce.com customer base as of January 31, 2007. Revenue and subscribers will be recognized
as the service is delivered.
"Our trained loan consultants serve dozens of customers at a time through numerous methods of
communication. We are always looking for better ways to help them manage these interactions
so that they can most effectively communicate with our customers and provide them with the high
level of care for which E-LOAN has become known," said Jay Shah, chief information officer at
E-LOAN. "Salesforce and the Apex platform easily integrated with our existing systems and
helped us utilize legacy system data so that our loan consultants have a real-time view of their
customer pipelines, can fully utilize all of the individual customer data and are prompted to make
the next step to keep our customers apprised of their transaction status."
After integrating the Salesforce solution with its loan origination system, E-LOAN used
workflow rules in Salesforce to automatically schedule loan consultant communications tasks based
on ongoing updates to loan transaction data. Now loan consultants are prompted by Salesforce
to call customers to lock rates, schedule appraisals, and follow up on late documents, among other
activities. As a result, less time is wasted between activities and the overall transaction
process is significantly shortened.
"Being proactive helps us close deals faster and also ensures our customers are receiving
timely and accurate service," added Shah. "We anticipate these improvements will enable us to
support a greater number of customers as our business grows, without having to add more resources
or sacrifice the quality of our customer communications. We have Salesforce to thank for
that."
For more information, please visit
http://www.salesforce.com/industries/financial-services/index.jsp, or call 1-800-NO-SOFTWARE.
About E-LOAN
E-LOAN is an online consumer direct lender dedicated to providing consumers with a simple, easy and
open way to obtain mortgage, auto loans, home equity loans, and online savings and certificate of
deposit accounts. Since its launch in 1997, E-LOAN has drawn upon its pro consumer values to
improve the lending and online savings experience in revolutionary ways. By eliminating the
traditional incentive structure to charge consumers higher rates, giving consumers free access to
credit scores and eliminating lender fees, E-LOAN is providing a uniquely open, fair and honest
process. Protecting consumers' financial privacy is also a paramount concern, leading E-LOAN to
implement industry leading privacy practices and advocate strong consumer financial privacy
protection laws. Consumers have recognized E-LOAN for its trustworthiness and respect for
customers. Three independent studies conducted by TRUSTe and The Ponemon Institute ranked E-LOAN as
one of the Top 20 Most Trusted Companies for Privacy in America. In another independent study
conducted by The Customer Respect Group, E-LOAN received the overall highest rating in the Online
Customer Respect Study of North America's largest financial services firms. Since it started
its operations, E-LOAN has originated and sold over $32 billion in mortgage and consumer loans.
E-LOAN is a wholly-owned subsidiary of Banco Popular North America, a New York
State-chartered bank, which in turn is a wholly-owned subsidiary of Popular, Inc. a full
service financial services provider with operations in Puerto Rico, the United States, the
Caribbean and Latin America. E-Loan's deposit products are insured with the FDIC through Banco
Popular North America. To find out more about E-LOAN and its products and services, logon to
http://www.eloan.com or call 1-888-533-5333.
About E-LOAN
E-LOAN is an online consumer direct lender dedicated to providing consumers with a simple, easy and
open way to obtain mortgage, auto loans, home equity loans, and online savings and certificate of
deposit accounts. Since its launch in 1997, E-LOAN has drawn upon its pro consumer values to
improve the lending and online savings experience in revolutionary ways. By eliminating the
traditional incentive structure to charge consumers higher rates, giving consumers free access to
credit scores and eliminating lender fees, E-LOAN is providing a uniquely open, fair and honest
process. Protecting consumers' financial privacy is also a paramount concern, leading E-LOAN to
implement industry leading privacy practices and advocate strong consumer financial privacy
protection laws. Consumers have recognized E-LOAN for its trustworthiness and respect for
customers. Three independent studies conducted by TRUSTe and The Ponemon Institute ranked E-LOAN as
one of the Top 20 Most Trusted Companies for Privacy in America. In another independent study
conducted by The Customer Respect Group, E-LOAN received the overall highest rating in the Online
Customer Respect Study of North America's largest financial services firms. Since it started
its operations, E-LOAN has originated and sold over $32 billion in mortgage and consumer loans.
E-LOAN is a wholly-owned subsidiary of Banco Popular North America, a New York
State-chartered bank, which in turn is a wholly-owned subsidiary of Popular, Inc. a full
service financial services provider with operations in Puerto Rico, the United States, the
Caribbean and Latin America. E-Loan's deposit products are insured with the FDIC through Banco
Popular North America. To find out more about E-LOAN and its products and services, logon to
http://www.eloan.com or call 1-888-533-5333.
About E-LOAN
E-LOAN is an online consumer direct lender dedicated to providing consumers with a simple, easy and
open way to obtain mortgage, auto loans, home equity loans, and online savings and certificate of
deposit accounts. Since its launch in 1997, E-LOAN has drawn upon its pro consumer values to
improve the lending and online savings experience in revolutionary ways. By eliminating the
traditional incentive structure to charge consumers higher rates, giving consumers free access to
credit scores and eliminating lender fees, E-LOAN is providing a uniquely open, fair and honest
process. Protecting consumers' financial privacy is also a paramount concern, leading E-LOAN to
implement industry leading privacy practices and advocate strong consumer financial privacy
protection laws. Consumers have recognized E-LOAN for its trustworthiness and respect for
customers. Three independent studies conducted by TRUSTe and The Ponemon Institute ranked E-LOAN as
one of the Top 20 Most Trusted Companies for Privacy in America. In another independent study
conducted by The Customer Respect Group, E-LOAN received the overall highest rating in the Online
Customer Respect Study of North America's largest financial services firms. Since it started
its operations, E-LOAN has originated and sold over $32 billion in mortgage and consumer loans.
E-LOAN is a wholly-owned subsidiary of Banco Popular North America, a New York
State-chartered bank, which in turn is a wholly-owned subsidiary of Popular, Inc. a full
service financial services provider with operations in Puerto Rico, the United States, the
Caribbean and Latin America. E-Loan's deposit products are insured with the FDIC through Banco
Popular North America. To find out more about E-LOAN and its products and services, logon to
http://www.eloan.com or call 1-888-533-5333.
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