Bay Equity Home Loans has announced that Pacific Bay Financial Corporation,one of  the longest-standing mortgage brokerages in the San Francisco area, has joined its team of retail branches. Since its founding in 1985 by Manny & Elfa Kagan, Pacific Bay Financial has established a solid reputation as one of the premier mortgage companies in the Bay Area through its focus on providing the highest quality service to its clients.

“When the mortgage industry changed, I recognized that we had to change too in order to stay in business,” said Kagan. “We interviewed five banks looking for the right fit, but Bay Equity stood out because they were a true mortgage bank built by talented young professionals. Joining their team provides us the opportunity to create new, positive experiences for customers.

Bay Equity Home Loans 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 financed 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.

“Manny Kagan is a well-respected veteran in the Bay Area mortgage business,” said Brett McGovern, president of Bay Equity. “He built his entire business on a service-oriented culture that fits well with Bay Equity’s mission to be a premier service organization. Manny and his team are a tremendous addition to our organization. He brings a wealth of knowledge, respect, and experience to the company that will truly fuel our growth. That is invaluable.”