E-Loan offers more than just mortgage loans.  In fact, their offerings are perhaps the most diverse of any online lender.  Besides home loans, Eloan offers auto loans, student loans, personal loans, high yield savings accounts and CDs.  Not bad, right?

Well, as usual, our single purpose here is not to discuss only the positive things about each company reviewed.  So whether you have good or bad feedback to provide other people about E-Loan, go ahead and post it.

A couple things of note that E-Loan claims about themselves:

• Loan officers don’t get paid commissions
  This can potentially be a good thing if the loan officer actually has your best interests in mind instead of her own.  However, it can also mean a drop in service levels because they get paid regardless of how well they take care of you.  I see this as a double-edged sword, which has both pros and cons just like most things.
• E-Loan is honest
  Whether or not this is true, I can’t say.  However, E-Loan’s website says they will never change your rate at closing “unlike most other lenders”, which is a patently false and sweeping statement in that there is no proof that most other lenders do change rates at closing.  But we do all know someone who has had their rate changed at closing, so to say it never happens would be naive.

So what do you think?  What’s been your experience with E-loan?

E-Loan’s Official Website