Erika Peña recently joined the Transparent Mortgage team as a Pre-Approval Specialist. Her role is vital to the process because she gathers and reviews loan applications and information from clients to help determine if they pre-qualify for a mortgage loan.
The Pre-Approval Process
Upon receiving a new loan application, Erika will review the information to make sure it is complete and accurate. She follows up with buyers to ensure that nothing is overlooked and to request the initial support documentation to support the application (bank statements, pay stubs, tax returns, etc.). Once everything is submitted, Erika will perform a thorough review before submitting the loan application for initial underwriting. After review by the underwriter, she will send out a pre-qualification or pre-approval certificate to the borrower.
If you are looking to buy a home or refinance your mortgage, Erika will help you get started on the path toward approval and help you understand what kind of loan and payments you are qualified for. It’s recommended that you go through the pre-approval process before you start looking for a home. Having a pre-approval certificate from a mortgage lender will make a huge difference when it’s time to make an offer on a house. Plus, it’s just really good to know what you can actually afford so you don’t overextend yourself.
Prior to joining Transparent Mortgage, Erika worked for another mortgage company, first as a loan processor and then as a mortgage associate. During that time, she specialized in new construction home loans. “It was an entirely different side of mortgage that I learned,” Erika says, “but the experience was truly invaluable in pushing my career growth.”
So far, Erika has fit right in with the Transparent Mortgage team. “I feel like it’s family here,” she says. “I really love the culture of this company and my co-workers. I get to work with like-minded people who are dedicated to helping people achieve their home financing goals. Being able to help people attain their dream home is really awesome.”
More About Erika
Erika was born and raised in Orange County, and she graduated with a BA in Management from Cal State Fullerton. She recently moved down to San Diego with her boyfriend and their dog, Kylie. Her brother is currently a student at UCSD and she’s excited to be closer to him.
In her free time, Erika enjoys hiking, spending time at the beach, baking and cooking Italian food. Kylie is almost always at her side, especially in the kitchen!
Please join us in welcoming Erika Peña to the Transparent Mortgage team as a Loan Specialist. If you want to get started on your home refinance or new home purchase, call her today at (619) 929-0199. She’ll help you get pre-approved and take all the right steps toward homeownership.