Bay Equity
Finance · California, United States · 1K - 5K Employees
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Overview
Headquarters
770 Tamalpais Dr Ste 207, Corte Madera, ...Phone Number
(415) 632-5150Website
www.bayequityhomeloans.comRevenue
$340.6 MillionIndustry
About Bay Equity
Bay Equity Org Chart
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Private Equity
$3.8M
Bay Equity Tech Stack
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Bay Equity News & Media
Redfin will buy Bay Equity Home Loans for $135M in bid to boost mortgage business
Seattle real estate giant Redfin announced that it will pay an estimated $135 million in cash and stock to purchase Bay Equity Home Loans, a Bay Area-based mortgage lender that is active in 42 states and employs 1,200 people. The deal should provide a boost to Redfin’s lending business. Bay Equity closed $8.5 billion in loans last year and is nearly 10X the size of Redfin Mortgage. It has also generated positive net income eachRedfin acquires Bay Equity, pinks slips 121 staff - HousingWire
Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate companyRedfin to Acquire Bay Equity Home Loans
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com) has entered into an agreement to acquire Bay Equity Home Loans (www.bayequityhomeloans.com), a national, full-service mortgage lender. Under the terms of the merger agreement, the purchase price is estimated to be $135 million in cash and stock. Founded in 2007 in the San Francisco Bay Area, Bay Equity is a licensed mortgage lender in 42 states and employs approximately 1,200 people. The acquisition accelerates Redfin’s strategyBay Equity is Bay Area's 8th Fastest-Growing Private Firm
Bay Equity Home Loans has been named the 8th fastest-growing privately owned company in the San Francisco Bay Area. The San Francisco Business Times ranking is based on revenue growth from 2018 to 2020. Commenting on the growth, Bay Equity CEO Brett McGovern said: “We start with hiring talented mortgage professionals who embrace our mission and culture; and we provide them with the technology, systems and support [PR.com]
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Frequently Asked Questions Regarding Bay Equity
Founded in 2007 and headquartered in Corte Madera, California. Bay Equity LLC operates as a retail mortgage lending institution. It offers fixed term, adjustable rate, FHA home, and jumbo loans for buying homes and vacation homes. The company also provides refinancing and reverse mortgages.... Read More