June 20th, 2014

Don Emerson Named Divisional Vice President of Bay Equity Home Loans

Posted by at 3:45 pm

San Francisco, California – June 16th, 2014 San Francisco based Bay Equity Home Loans announces industry veteran Don M. Emerson has joined the Bay Equity Team as California Divisional Vice President. In his new role, Mr. Emerson will oversee 13 company branches in California as well as the expansion of Bay Equity in his division. Bay Equity Chief Production Officer Casey McGovern said, “The hiring of Don Emerson reflects our commitment to hire only the best. Don was repeatedly ranked the #1 Account Manager at one of the nation’s largest lenders. Plus, he has trained, mentored and worked beside more than 2,500 loan officers, account managers and mortgage brokers in retail and wholesale lending in California, Arizona, Texas, Oregon and Washington.” “We are thrilled to add Don Emerson to our team,” added President and Chief Executive Officer Brett McGovern, “Don...
Read more
March 6th, 2014

Best Friends to the Rescue

Posted by at 4:11 pm

Bay Equity PFQC Associate, Brooke Rex, is spending time at a very special place – an animal rescue center. Brooke works out of Bay’s Operations Center in Concord, CA. She began volunteering last month at the Best Friends Pet Resort/Westside Animals for Adoption, and has met many great dogs in need of a permanent home. Brooke’s first love was 3 ½ year old Pia; a German Shephard/Malinois mix – a gentle, sweet dog who soon found the right home. Pia’s new human is a retired veteran who builds specialty aircraft. She now spends her “work day” with him at the airport hangar. The rescue has been in existence since 1980 and also offers boarding, grooming, daycare and training. Their mission is to find great “forever” homes for their pets, educate about responsible pet ownership, and partner with the community to...
Read more
September 24th, 2013

Bay Equity Expands in Southern California

Posted by at 10:22 am

Bay Equity Expands in Southern California with Addition of CalPacific and The Touchstone Group Bay Equity President and CEO Brett McGovern said, “We are honored to align with Craig Bramlett, Rick Jones and the men and women of CalPacific, CalPacific – The Rafii Group and The Touchstone Group. They are highly experienced loan professionals who have provided the people of San Diego County with exceptional service for more than 20 years.” Bay Equity Chief Operating Officer Casey McGovern added, “They are a perfect fit for our family owned and operated company and share our commitment to customer service. We’re excited about the future and pleased they chose to become a part of us.” CalPacific co-founder Craig Bramlett noted, “We have found the right company in Bay Equity. It shares our ethics and values. Plus, it’s a California company with regional...
Read more
August 2nd, 2013

Bay Equity Grows Rapidly in First Half of 2013

Posted by at 8:29 am

Bay Equity Home Loans nearly doubled its branches in the first half of the year, having its largest six months of steady and substantial growth as a San Francisco-based mortgage lender. The company has added 30 new branches as it expands its reach of mortgage lending professionals. Bay Equity’s expansion in 2013 adds to an already impressive reputation for growth. In 2011 and 2012, Bay Equity was ranked by the San Francisco Business Times as among the “Top 100 Fastest-Growing Private Companies.” From opening its doors in 2008, Bay Equity has opened 69 branches and is licensed in 12 states: California, Idaho, Montana, New Mexico, Texas, Colorado, Oregon, Washington, Hawaii, Utah, Nevada, and Arizona. The branches that joined Bay Equity this year are experiencing their own success. Bay Equity’s Costa Mesa, CA branch opened in February. In its first two...
Read more
June 6th, 2013

Bay Equity Home Loans Introduces “Bay Direct”

Posted by at 1:58 pm

Under the Bay Direct program, Bay Equity offers financed mortgage insurance, investment properties up to 85% loan-to-value, condo projects with litigation, geodesic homes, approved leaseholds, and delayed financing options. “Bay Direct offers the broadest guidelines possible,” said Director of Corporate Operations Julie Taylor. “With the introduction of this product we are continuing to leverage our direct agency approvals.” Bay Equity is a direct seller with full agency approval by Fannie Mae, Freddie Mac, and Ginnie Mae. Other Bay Equity agency-direct products include DU Refi Plus, Open Access and LP...
Read more
May 30th, 2013

Bay Equity Announces Rebranding Initiative

Posted by at 12:35 pm

Hometown Lending is now Bay Equity Home Loans Bay Equity Home Loans has announced the rebranding of its Hometown Lending division. Hometown Lending branches will become Bay Equity branches. Hometown Lending started in 2000 in Everett, WA and joined Bay Equity in April of 2012. “Hometown Lending has been a great partnership for us as we grow and diversify our geographic footprint,” said President Brett McGovern. “We have firmly planted the Bay Equity flag in the Pacific Northwest and now it’s a good time to bring the company together under one strong, easily identifiable brand. We look forward to continued growth in that region.” Curt Lillibridge, the founder of Hometown Lending added, “The decision to join Bay Equity, now over a year ago, has exceeded my expectations and I’m delighted to be partnered with such a forward-thinking company.” Bay Equity...
Read more
May 23rd, 2013

Bay Equity Has Full Agency Approval

Posted by at 4:38 pm

Bay Equity Home Loans, ranked among the fastest-growing privately held financial institutions in the Bay Area, has announced that it is now approved by the Government National Mortgage Association (GNMA). Known as Ginnie Mae, the agency expands affordable housing opportunities nationwide. In addition to Ginnie Mae, Bay Equity also has the approval of the two other federal agencies operating in the secondary lending market—Fannie Mae (FNMA) and Freddie Mac (FHLMC). “Our hard work to secure these approvals will lead to a variety of positive developments for the company,” said Bay Equity President Brett McGovern. “Above all, we are striving to build a company that is built on a solid foundation and the quality of our loans and strong relationships with the Agencies are central to that end.” Full agency approval means increased liquidity, freedom from investor overlays and purchase turn...
Read more
May 16th, 2013

Bay Equity Celebrates 5 Years of Lending!

Posted by at 9:48 pm

Bay Equity funded its first loan five years ago this month! For all those who have joined in the past half-decade, I thought it would be fun to paint the picture of what Bay looked like in May of 2008. I will begin by recognizing those people who were on the ground floor and helped us overcome a number of the initial hurdles as we got into business. Matt Birdseye manned the lock desk and underwrote loans in his spare time. Brian Louie was the funding, docs and warehouse department. John Curtin, Colin Sullivan, Jon McGovern, Brett McGovern and I were the sales force. We had fewer than 10 employees in 2008 and we were housed out of 251 Kearny Street in San Francisco. The office was just over 2,000 square feet. Brett shared an office with our processor/controller. I...
Read more
May 16th, 2013

Bay Equity Now a Freddie Mac Lender

Posted by at 9:39 am

Improves Access to Lower Housing Costs and Home Financing. Bay Equity Home Loans is approved by the Federal Home Loan Mortgage Corporation (FHLMC) as a direct lender. Chartered by Congress in 1970 and commonly known as Freddie Mac, the FHLMC mission is to provide liquidity, stability and affordability to the U.S. housing market. Approved lenders can help people get lower housing costs and better access to home financing. “With Freddie Mac approval, Bay Equity can help meet the needs of the mortgage market by making homeownership more affordable,” said President Brett McGovern. “By building a comprehensive agency-direct product portfolio, Bay Equity is emerging as one of the strongest and most stable lenders in today’s market.” Through federal programs like Making Home Affordable, Freddie Mac works to reduce the number of foreclosures and help families keep their homes by lowering costs...
Read more
May 9th, 2013

Bay Equity Launches Private Client Group

Posted by at 6:44 pm

Bay Equity Wholesale Lending has launched a Private Client Group (PCG). Led by Executive Vice President Spencer Richardson and Director of Northwest Operations Sam Lindstrom, the PCG is an intentionally different by design approach to wholesale lending. The PCG will partner with a limited group of exclusive clients to focus on building relationships and developing an expert understanding of those clients’ needs. Based in Tacoma, Wash., the new division will complement Bay Equity’s current wholesale group. The base of operations for the Private Client Group is the ground floor of an historic warehouse. With exposed brick and open ductwork running through high ceilings, the industrial-style building characterizes the energy and innovation behind this bold, new division...
Read more