Type Private Products Mortgage Founder Hayes Barnard | Industry Finance and Mortgage Number of employees 650 (2015) Founded 2003 | |
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Headquarters 8781 Sierra College Blvd, Roseville, CA 95661, Roseville, California, United States Services FHA insured loan, Conventional Loans, Refinance and Home Purchase Loans, VA Loans Profiles | ||
Paramount Equity LLC., headquartered in Roseville, California, and consists of Paramount Equity Mortgage, a residential mortgage lending company, Paramount Solar, a residential solar power solutions company, and Paramount Equity Insurance Services.
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In 2011, Paramount Equity entered into a partnership with Guthy-Renker LLC, the nation's largest direct-to-consumer marketing company. The partnership would help Paramount Equity expand its mortgage and consumer financial operation. Guthy-Renker has assumed a significant equity position in the company. Guthy-Renker is one of the largest direct marketing companies in the world, with distribution in more than 61 countries.
The company employs about 300 people and has won Sacramento Business Journals "A+ Employee Choice Award" in 2006, 2007, 2009 and 2010
Locations
Leadership
Hayes Barnard is currently the Chairman of CEO
Ownership Structure
Loanpal is an online consumer finance company headquartered in San Francisco, CA. Loanpal offers consumers access to a variety of residential lending products including mortgages, solar financing and home improvement loans. The company has loaned more than $25 billion to over 105,000 customers across 44 states. Loanpal is an approved seller-service of both government sponsored entities, Fannie Mae and Freddie Mac, and has raised over $250 million in funding for its consumer finance loans
History Loanpal, originally named Paramount Equity Mortgage, was founded in 2003 by Hayes Barnard, Jason Walker and Matt Dawson. They set out with a mission. Although they launched in California’s Sacramento Valley, the company quickly started branching out to other states and is now lending nationwide.
2006 In 2006, the founders continued their plans with the launch of an insurance company focused on auto and home insurance. After 10+ years offering insurance services, the company sold its insurance company to Brown and Brown.
2009 In 2009, the founders saw another opportunity to enter the quickly emerging residential solar market and Paramount Solar was established. Quickly building an efficient residential solar sales and marketing platform, the company was approached in 2013 by SolarCity (now Tesla Energy) and Paramount Solar was sold in a transaction valued at approximately $120 million.
2011 Loanpal takes on an equity investment from Guthy-Renker, the nations largest direct-to-consumer marketing companies.
2017 In late 2017, the company launched its first technology-enabled platform for residential solar financing. The team is now launching its online platform to additional energy-efficient home improvement products including battery storage, roofing, windows and HVAC systems.