This year, the company is on course to reach $130 million in revenue on $4.2 billion in loans on one- to four-unit residential properties, he said. Revenues last year were $97.5 million, up 168 percent over three years, on $3.1 billion in loan volume. The company courts top originators in a target market before opening an office and strives to run the company as transparently as possible within the ranks. The workforce has grown from 23 in 2009 to more than 1,100 in 100 branch offices in 23 states. “We bring on the best of the best loan originators.” “Our growth is a result of our strategic plan for methodical growth across the country,” he said. Growth has come from transitioning to national lender from regional player, and the pace is accelerating with a new focus on retail lending, according to CEO Brett McGovern. The rest are jumbo loans sold to the likes of Chase, Mill Valley-based Redwood Trust and others.
Eighty-five percent are conforming loans sold to Fannie Mae, Freddie Mac and Ginnie Mae. The mortgage banker funds loans out of credit facilities then sells the instruments to capital-market investors. Three brothers - Brett, Casey and Jon McGovern - started Bay Equity in San Francisco's Financial District in 2007 then relocated it to Marin County. 5000 this year were Bay Equity Home Loans of Sausalito, Yuba Bicycles of Petaluma, Nelson of Sonoma and Pacific Crest Group of San Rafael. Revenue is on track for another big jump this year, to $20 million, Diamond said. “We hire for heart and train for the talent,” he said. There are a half-dozen positions waiting to be filled from entry-level customer service to installation and maintenance technicians to a sales manager.īecause of a shortage of skilled workers and anticipated growth, the company often brings on those who come in with the right stuff, Diamond said. There were 36 employees in mid-2015, and now the company employs 80. Diamond joined as a half-owner in February 2011. “If you screw up and track mud on floor or damage the Sheetrock, you fix it.”Ĭurtis Moore started the company in 2009 and hired his best friend as the first employee in late 2010. “It's because we keep things to the basics,” said co-owner Jon Diamond, explaining the growth. 467 with 815 percent growth to $9.2 million last year.
The 7-year-old installation and service company returned to the list for a third straight year, coming in at No. The highest-ranking North Bay company this year was Santa Rosa's Moore Solar/Heating/Cooling, formerly Moore Heating & Air Conditioning. Rankings were based on three-year revenue growth, with at least $100,000 in 2012 revenue and more than $2 million last year. 17, six moved up in the rankings, and two returned after making the list in years past. Seventeen North Bay companies qualified this year for a national list of fast-growing private employers.įour ranked for the first time on Inc.