Amid Exponential Growth, Bay Equity Expands and Relocates to New Offices in San Francisco, Concord

SAN FRANCISCO, CA--(Marketwire - May 2, 2012) - Bay Equity Home Loans, one of the San Francisco area's most respected and successful mortgage lending institutions, announced today that it has completed a series of logistical moves designed to accommodate its rapid expansion over the past four years and into the immediate future.

The moves entailed the consolidation of Bay Equity's wholesale operations center in the East Bay from Pleasanton to Concord and the relocation of its corporate offices from 88 Kearny Street in San Francisco to 100 California Street, across from the Embarcadero Center in The City by the Bay.

The new 6,500 square foot Concord Operations Center (COC) has an open floor plan design with only two private offices, plus a training/conference room. The new corporate headquarters on California Street comprises nearly 9,500 square feet and features 15 executive offices, a conference room, reception area and an open production area.

"As a result of the tremendous growth we have experienced since opening our doors in 2008," said Brett McGovern, president of Bay Equity. "We needed more space, particularly the Concord operations center where we need to accommodate the additional personnel necessary to support the increased production in both our wholesale and retail lines of business. We would not have been able to accommodate that growth in our previous locations."

A total of 40 employees made the move from the San Francisco and Pleasanton facilities to the new COC. Bay Equity plans to add six new employees to the COC within the first two weeks of its opening and has five additional unfilled positions for which it is recruiting. The facility, which is located directly across the street from a BART (Bay Area Rapid Transit) station, also features low-rise workstation walls that provide all employees with a sweeping view of the East Bay Hills and Mount Diablo, an east-facing private balcony and an employee break room, an amenity that was missing from the Pleasanton location.

The new corporate office will include Bay Equity's senior executive offices as well as payroll, human resources, accounting and other administrative functions as well as approximately a dozen retail operations personnel.

Technology upgrades are prevalent as both facilities will benefit from an entirely new telephone system and enhanced facility, data and network security systems. The California Street location will also have improved video conferencing capabilities and multiple high definition monitors for constant access to global financial developments.

Bay Equity, which was recently ranked No. 5 on the San Francisco Business Times list of the "Top 100 Fastest-Growing Private Companies" in the Bay Area, has two additional operations centers, including an operations and information technology center in Portland, Oregon, and a retail operations center in Everett, Washington. Both facilities support the organization's expansion initiatives in the Pacific Northwest. The company also has 32 retail branches located throughout California, Washington, Oregon Arizona and Hawaii.

About Bay Equity
Bay Equity is a full-service wholesale and retail mortgage lending institution founded in June 2007 and headquartered in the heart of San Francisco's Financial District, one of the very few mortgage lenders actually located in the City by the Bay. Bay Equity also has operations centers in Concord, California, Portland, Oregon and Everett, WA and more than thirty retail branch offices on the West Coast. In addition, Bay Equity has wholesale account executives covering the 10 Western States. To date the firm has funded more than 9,000 home loans totaling more than $3 billion and has grown to more than 300 employees. To learn more about Bay Equity, please visit our Web site at www.bayeq.com.