Monday April 2, 8:00 am ET
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 /PRNewswire-FirstCall/ -- Salesforce.com
(NYSE: CRM - News), 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. http://www.popularinc.net/,
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.
Apex and the AppExchange
Apex is the on-demand platform for the next generation
of business applications. Apex reinvents traditional customization
and integration and enables a whole new generation of
on-demand applications that go beyond CRM. All Apex components
and applications can be easily shared, exchanged and installed
with a few simple clicks via salesforce.com's AppExchange
directory, enabling all the innovation that Apex unleashes
to benefit the entire on-demand community.
More than 550 applications are now available on salesforce.com's
AppExchange, the world's first on-demand application directory,
found at http://www.salesforce.com/appexchange.
The Apex on-demand platform is generally available today.
The Apex programming language is available today for developer
preview, and is currently scheduled to be available in
beta to salesforce.com customers later in 2007.
About salesforce.com
Salesforce.com is the market and technology leader in
on-demand business services. The company's Salesforce
suite of on-demand CRM applications allows customers to
manage and share all of their sales, support, marketing
and partner information on-demand. Apex, the world's first
on-demand platform, enables customers, developers and
partners to build powerful new on-demand applications
that extend beyond CRM to deliver the benefits of multi-tenancy
and The Business Web across the enterprise. All Apex components
and applications can be easily shared, exchanged and installed
via salesforce.com's AppExchange directory, available
at http://www.salesforce.com/appexchange. Customers can
also take advantage of Successforce, salesforce.com's
world-class training, support, consulting and best practices
offerings.
As of January 31, 2007, salesforce.com manages customer
information for approximately 29,800 customers and approximately
646,000 paying subscribers including Advanced Micro Devices
(AMD), America Online (AOL), Avis Budget Group, Inc, Dow
Jones Newswires, Nokia, Polycom and SunTrust Banks. Any
unreleased services or features referenced in this or
other press releases or public statements are not currently
available and may not be delivered on time or at all.
Customers who purchase salesforce.com applications should
make their purchase decisions based upon features that
are currently available. Salesforce.com has headquarters
in San Francisco, with offices in Europe and Asia, and
trades on the New York Stock Exchange under the ticker
symbol "CRM". For more information please visit
http://www.salesforce.com, or call 1-800-NO-SOFTWARE.
Salesforce.com is a registered trademark of salesforce.com,
and Apex, AppExchange, The Business Web, IdeaExchange
and Successforce are trademarks of salesforce.com, Inc.,
San Francisco, California. Other names used may be trademarks
of their respective owners.
Source: salesforce.com, Inc.