E-Loan Inc., battling market skepticism over its online mortgage strategy, said Tuesday that it has secured $40 million in new funding and struck a marketing partnership with Charles Schwab & Co.

"It's a powerful one-two punch," said Tim P. Butler, an analyst for Pacific Crest Securities in Portland, Ore. "Not only did they get a patient and cooperative investor, they also gain access to a very demographically attractive customer base."

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