Bay Equity Home Loans

Sausalito, United States Founded: 2007 • Age: 19 yrs Acquired By Redfin
Home loans provider
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About Bay Equity Home Loans

Bay Equity Home Loans is a company based in Sausalito (United States) founded in 2007 was acquired by Redfin in January 2022.. Bay Equity Home Loans has raised $7.17 million across 5 funding rounds from investors including Redfin and Western Alliance Bank. The company has 1,158 employees as of December 31, 2021. Bay Equity Home Loans offers products and services including Home Loans, Refinance Loans, and Loan Calculators. Bay Equity Home Loans operates in a competitive market with competitors including Freedom Mortgage, Motilal Oswal Financial Services, CrossCountry Mortgage, Home Point Financial and Guild Mortgage, among others.

  • Headquarter Sausalito, United States
  • Employees 1158 as on 31 Dec, 2021
  • Sectors
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Bay Equity, Llc
Operational Areas
Financial Services → FinTech & Digital Finance
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $7.17 M (USD)

    in 5 rounds

  • Latest Funding Round
    $1.35 M (USD), Series A

    Aug 28, 2019

  • Investors
    Redfin

    & 1 more

  • Employee Count
    1158

    as on Dec 31, 2021

  • Acquired by
    Redfin

    (Jan 11, 2022)

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Products & Services of Bay Equity Home Loans

Bay Equity Home Loans offers a comprehensive portfolio of products and services, including Home Loans, Refinance Loans, and Loan Calculators. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Provides loans for first-time buyers and homeowners.

Assists in refinancing existing home loans for better terms.

Online tools to estimate mortgage costs and affordability.

People of Bay Equity Home Loans
Headcount 1000-5000
Employee Profiles 48
Employee Profiles
People
Bay Equity Houston
Area Sales Manager
People
Colin Sullivan
Area Sales Manager
People
Jeff Taylor 206-743-2347
Area Sales Manager
People
Montgomery Smith
Servicing Quality Control - Lead Auditor

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Funding Insights of Bay Equity Home Loans

Bay Equity Home Loans has successfully raised a total of $7.17M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $1.35 million completed in August 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 5
  • Last Round Series A — $1.4M
  • First Round

    (01 Sep 2007)

  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Aug, 2019 Amount Series A - Bay Equity Home Loans Valuation

investors

Jan, 2017 Amount Series A - Bay Equity Home Loans Valuation

investors

Oct, 2011 Amount Debt – Conventional - Bay Equity Home Loans Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Bay Equity Home Loans

Bay Equity Home Loans has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Redfin and Western Alliance Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Institutional
Investor Description Founded Year Domain Location
Commercial banking services, including loans and treasury management, are provided.
Founded Year Domain Location
Residential properties are listed and brokered through an online platform.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Bay Equity Home Loans

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Bay Equity Home Loans

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Bay Equity Home Loans Comparisons

Employees
+
Add Comparison
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Competitors of Bay Equity Home Loans

Bay Equity Home Loans operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Freedom Mortgage, Motilal Oswal Financial Services, CrossCountry Mortgage, Home Point Financial and Guild Mortgage, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Mortgage services are provided for home purchases and refinancing options.
domain founded_year HQ Location
Diversified investment and advisory services are provided to clients.
domain founded_year HQ Location
Home loan services are provided nationwide by CrossCountry Mortgage.
domain founded_year HQ Location
Home loans are provided to customers by Home Point Financial.
domain founded_year HQ Location
Provider of home loans
domain founded_year HQ Location
Serves as a provider of home loan services for individuals.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Bay Equity Home Loans

MLO Josh Westmark Joins Bay Equity Home Loans
Nationalmortgageprofessional7 years ago
Bay Equity Adds Letty Huffman as Regional Sales Manager
Nationalmortgageprofessional7 years ago

Frequently Asked Questions about Bay Equity Home Loans

When was Bay Equity Home Loans founded?

Bay Equity Home Loans was founded in 2007.

Where is Bay Equity Home Loans located?

Bay Equity Home Loans is headquartered in Sausalito, United States. It is registered at Sausalito, California, United States.

Is Bay Equity Home Loans a funded company?

Bay Equity Home Loans is a funded company, having raised a total of $7.17M across 5 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2M, raised on Sep 01, 2007.

How many employees does Bay Equity Home Loans have?

As of Dec 31, 2021, the latest employee count at Bay Equity Home Loans is 1,158.

What does Bay Equity Home Loans do?

Bay Equity Home Loans was established in 2007 in Sausalito, United States, within the mortgage lending sector. Residential financing options are provided to homebuyers and refinancers across various regions. Operations center on processing and approving home loans, including conventional and specialized mortgage products. The company maintains a focus on compliance and efficiency in real estate financing services nationwide.

Who are the top competitors of Bay Equity Home Loans?

Bay Equity Home Loans's top competitors include Freedom Mortgage, Guild Mortgage and Motilal Oswal Financial Services.

What products or services does Bay Equity Home Loans offer?

Bay Equity Home Loans offers Home Loans, Refinance Loans, and Loan Calculators.

Who are Bay Equity Home Loans's investors?

Bay Equity Home Loans has 2 investors. Key investors include Redfin, and Western Alliance Bank.

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