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October 09, 2015 7:56 AM ET

Internet Software and Services

Company Overview of Discover Home Loans Inc.

Company Overview

Discover Home Loans Inc. provides home loans and home equity loans. The company offers fixed rate mortgages, adjustable rate mortgages, FHA loans, and veterans affairs loans; credit cards for students and business clients; cashback checking, online savings, money market, CDs, and IRA CDs; and gift cards, mobile banking, and mobile wallet services. The company was founded in 2002 and is based in Irvine, California. As of June 6, 2012, Discover Home Loans Inc. operates as a subsidiary of Discover Bank.

173 Technology Drive

Irvine, CA 92618

United States

Founded in 2002





Key Executives for Discover Home Loans Inc.

Chairman, Chief Executive Officer and Chief Executive Officer of Lending Tree Inc
Age: 45
Chief Financial Officer and Executive Vice President
Senior Vice President of Tree Com Inc and General Counsel of Tree Com Inc
Age: 54
Operations Manager
Compensation as of Fiscal Year 2015.

Discover Home Loans Inc. Key Developments

Discover Home Loans to Close Charlotte Office

Discover Home Loans has filed a with the state about the closure of its Charlotte office, a move that affects 14 workers. The notice comes two days after Discover said it will eliminate 460 jobs, or about 3% of its total workforce. The company would offer severance packages to all the employees whose jobs were eliminated, and that those were 'primarily' in Irvine, Calif. and Louisville, Kentucky.

Discover Home Loans Inc. Plans to Reduce its Louisville Work Force by 142 Jobs

Discover Home Loans Inc. plans to reduce its Louisville work force by 142 jobs. The company filed notice with the Kentucky Division of Workforce and Employment Services that it planned to lay off 142 employees from its office at 9721 Ormsby Station Road. Such layoffs typically require 60 days notice before they become effective.

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