The Bay Equity Story
Bay Equity opened its doors in 2008, in the midst of the recession, as many other wholesale mortgage lenders were closing theirs. A group of mortgage professionals led by three brothers, Brett, Jon and Casey McGovern, recognized the need for a new type of wholesale mortgage lender. Their new lender had to embrace the highest standards, provide exceptional customer service and be committed to lasting relationships with brokers.
Bay Equity opened in San Francisco in April of 2008 and funded its first loan one month later. In its short history, Bay Equity has expanded and is now lending in eleven western states and growing.
Bay Equity has hired accomplished mortgage and financial professionals at all levels and has proudly assembled a highly experienced staff of corporate executives, operations professionals and account executives.
has quickly been recognized as a technology leader. As a "green" lender,
Bay Equity has gone paperless through an easy to use on-line system
spanning the range from quick pre-qualification to full approval, and
it's all paperless.
The Management Team
Brett McGovern is a Founder, the President and Board Member of Bay Equity LLC. Mr. McGovern has more than 18 years experience in real estate sales and lending. Prior to co-founding Bay Equity, he was a Senior Vice President of Grubb & Ellis Company in San Francisco. He is responsible for key corporate functions including investor and warehouse line relations, oversight of accounting and secondary functions, marketing and corporate communications.
Chief Operating Officer, Managing Partner
Casey McGovern is a Founder, a Managing Director and Board Member of Bay Equity LLC. Mr. McGovern is in his twelfth year as a mortgage industry sales professional. He is responsible for managing Bay Equity's wholesale and retail loan production.
Chief Administrative Officer, Managing Partner
Jon McGovern is a Founder, a Managing Director and a Board Member of Bay Equity LLC. Mr. McGovern has 20 years experience in real estate lending. His broad experience covers underwriting, sales and executive management. He is responsible for key corporate functions including human resources, operations and technology.
Senior Executive Vice President, Capital Markets
Mr. Santander has 17 years of Mortgage Banking experience. The focus of his career has centered around the Capital Markets through trading and pricing roles with Freddie Mac and Tuttle & Co., as well as conduit, correspondent; and wholesale sales with ABN AMRO, HSBC, and Paul Financial.
Senior Executive Vice President, Finance
Paul Chevez has nearly 20 years experience in the mortgage industry. After starting in 1993 as a retail loan officer, he migrated to the secondary marketing and finance sides of Mortgage Banking. He has held the roles of Controller, CFO, and Director of Secondary Marketing. At Bay Equity, his main responsibilities will be to assist in the strategic development of the company and to manage all financial functions.
Senior Executive Vice President, Operations
Mr. Johnson brings nearly 25 years of mortgage and financial service industry executive experience to Bay Equity. He is responsible for all credit policy, registration, underwriting, document preparation, funding and post-closing operations.
Senior Executive Vice President, Compliance
Prior to joining Bay Equity, Ms. Melnick was a compliance and licensing consultant for the company. A licensed attorney for 17 years, Sue Melnick has expertise in litigation, mortgage compliance an consumer law. She is responsible for all aspects of compliance and for consumer issues.
Executive Vice President, Wholesale
John Curtin is a Founder of Bay Equity LLC and has more than 18 years of experience in consumer
finance and lending. His management experience includes operations, underwriting and sales.
He is responsible for business development and for managing Bay Equity's Wholesale production.
Executive Vice President, Retail
Mr. Cady brings more than 20 years of mortgage lending expertise to Bay Equity. He is responsible for the company’s retail platform. He is a highly experienced sales executive with a solid track record of recruiting and growing retail lending divisions.
Executive Vice President, Private Client Group
Spencer Richardson brings more than 16 years of experience within the residential wholesale and retail mortgage banking business. As the founder of two mortgage banking companies his management experience includes secondary marketing, strategic planning, operations, underwriting and sales. He has focused his career in the Pacific Northwest and is now leveraging that experience to expand Bay Equity's presence in the market.
Executive Vice President, Technology
Philip Mikolaj brings to Bay Equity an impressive track record in information technology and senior level management. His background includes creating state-of-the-art IT systems for fast growing mortgage companies and start-ups. Plus, he has been responsible for implementing mortgage banking software at more than 100 mortgage bankers nationwide.
Senior Vice President, Credit and Corporate Operations
Ms. Taylor brings to Bay Equity more than 10 years of experience in Underwriting and Credit Risk Policy. Her areas of expertise include product development, investor relations, guidelines, quality control and compliance. As a former VP of Operations and Underwriting she is strong in both the retail and wholesale lending.
Senior Vice President, Marketing
Mr. Marler is responsible for Bay Equity’s Marketing, as well as for internal and external communications. He was a consultant to Bay Equity for several years before joining the company. His prior experience include overseeing marketing and communications for a nationwide lender and a career in broadcast journalism.
Chairman of the Board
Mr. Corbett is a respected and experienced entrepreneur and business leader. He founded the Sacramento Entrepreneurial Academy which prepares highly motivated students from University of California, Davis and Sacramento State to successfully create and manage new businesses. He was Chairman of the Dean's Advisory Council for the UC Davis Graduate School of Management. He served for a decade as Vice Chairman/Board Member of Sacramento Commercial Bank, a $200 million bank that was sold in 2000. He is currently Chairman and President of Spectrum Capital Corporation.