BAY EQUITY ANNOUNCES BANKERS PREFERRED
REAL ESTATE LOANS JOINS ITS TEAM OF RETAIL BRANCHES
SAN FRANCISCO, Calif. – August 9, 2011 – Bay Equity Home Loans, one of the San
Francisco area’s most respected and successful mortgage lending institutions, announced
today that Bankers Preferred Real Estate Loans has joined its team of retail branches.
Burlingame-based Bankers Preferred has funded more than $1 billion dollars in
home loans. The company was started in 1993 by John Finnegan and is affiliated with
three large Better Homes and Gardens real estate offices. It will continue to operate under
the dba Bankers Preferred as a branch of Bay Equity.
“As the financing industry was changing it became apparent, particularly with
regard to financial regulation bills, that it was important for us to go out and explore our
options in the marketplace. It became clear that the best option was for us to move to a
banking relationship,” said Finnegan.
“So we searched and talked to and engaged several bankers. It became obvious
that the Bay Equity leadership team, with their passion, creativity and innovative desire
to succeed, win, and serve borrowers and customers was clearly the best option for us.”
“John Finnegan has built an extremely successful high volume brokerage,” said
Brett McGovern, President of Bay Equity. “Bankers Preferred is well established and one
of the most respected mortgage brokerages on the peninsula. Add to that the fact that
John’s partnership also has three real estate offices and you have all the ingredients for a
great business success. We’re excited to have John, industry-leading branch manager
Arton Chau, and their team become part of our family.”
Bay Equity was founded in June 2007 by three brothers, Brett, Jon, and Casey
McGovern, and funded its first loan 11 months later. To date the firm has funded more
than 7,000 loans totaling more than $2 billion. The company is 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.
The McGoverns built Bay Equity on a combination of innovation and agility with
just the right amount of aggressiveness. Being a direct lender did not make them unique;
a focus on technological innovation and premier customer service did. Consequently, Bay
Equity quickly fashioned a reputation as a skilled team of trustworthy professionals – a
team that has grown to more than 150 employees.
About Bay Equity
Bay Equity is a family-owned, full-service wholesale and retail mortgage lending
institution. The company is headquartered in San Francisco with operations centers in
San Francisco and Pleasanton, California and more than a dozen retail branch offices.
Bay Equity is currently lending throughout the Western United States, including Arizona,
California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Texas, Utah and
Washington. To learn more about Bay Equity, please visit our Web site at