Bay Equity Grows Rapidly in First Half of 2013

SAN FRANCISCO, Aug. 1, 2013 /PRNewswire/ -- 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 months alone the branch originated $6.5 million in loan volume. It quickly became a top ten branches for Bay Equity generating $9.8 million in monthly volume in its third month.

The 30 branches that opened in 2013 include 15 in California: Tustin, Costa Mesa, Encinitas, Lake Forest, Petaluma, San Francisco, Irvine, Newport Beach, San Ramon, Corona, Santa Monica, Santa Ana, Stockton, Torrance, and Temecula; five in Oregon: Lake Oswego, Portland, Medford, Bend, and Salem; six in Washington: Lake Stevens, Tacoma, Bellevue (two branches), Bothell, and Silverdale; two in Arizona: Tempe and Mesa; one in Nevada: Henderson; and one in Utah: Salt Lake City. The surge of new branches this year has helped Bay Equity extend its reach providing loan origination opportunities to more areas and jobs to more than 300 new employees.

About Bay Equity

Bay Equity is a full-service wholesale and retail mortgage lending institution founded and headquartered in the heart of San Francisco's Financial District. Bay Equity has operation centers in Concord, California, Corona, California,  Lake Forest, California, Fresno, California, Portland, Oregon, Tacoma, Washington, Everett and Washington. Bay Equity has full agency approval for all types of home loans. To learn more about Bay Equity, please visit our website at www.bayequityllc.com.

Media Contact:  
John Marler  
Senior Vice President, Marketing and Communications  
Bay Equity LLC  
503-305-2615  
Email
www.bayequityllc.com

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SOURCE Bay Equity LLC