THINGS NEEDED FOR PRE-APPROVAL

THINGS NEEDED FOR PRE-APPROVAL

In lending, pre-approval is the pre-qualification for a loan or mortgage of a certain value range. Although, to a typical consumer, “you’re pre-approved” means “you already passed the approval process and therefore are guaranteed to be immediately granted the loan.

I. PROOF OF INCOME

Proof of income is a document or set of documents that someone, like a lender or landlord, requests to verify your income and determine your ability to pay

II. PROOF OF ASSETS

Full documentation means that you have proof of everything — income and assets — that you’ve put down on your application.

III. EMPLOYMENT VERIFICATION

The practice of verifying the employment eligibility and past work history of current or potential employees. Employers often verify employees prior to hiring or promoting them, to ensure that the employee’s employment history, education, and other details match the information provided by the employee.

IV. DOCUMENTATION

loan documentation. credit-related documents, including the loan contract, financial statement, business plan, documents of the lender’s security interest, and other papers that are used by the lender in evaluating creditworthiness of a prospective borrower.

V. ACCEPTABLE CREDIT

Acceptable Credit Support means Acceptable Collateral and Acceptable Letters of Credit (including the proceeds of any Acceptable Letter of Credit); provided that Acceptable Credit Support does not include any Bank Credit Support that is not Retained Bank Credit Support.

“CONTACT INFORMATION”

WE ARE HERE TO HELP MAKE YOUR DREAMS IN TO REALITY!

LISA FERRARA

PRESIDENT – 914-755-3942

lisa@superiormci.com

MAX OZKURAL,

VICE PRESIDENT – 845-928-2845

max@superiormci.com

KEI KULLBERG

BRANCH MANAGER – 845-238-7673

kei@superiormci.com

LYDIA SYMOSKEVICH

LOAN ORIGINATOR

lydia@superiormci.com

ISHA O’GRADY

PROCESSOR

isha@superiormci.com

ROSETTA RICHARDSON

PROCESSOR

rosetta@superiormci.com


Superior Mortgage Co., Inc. specializes in residential and commercial loans, providing a wide range of products and services to give you the best options for your mortgage loan. Regardless of whether your credit score and DTI ratios need improving, we want to help. We will help you make the smartest choice because our experience and skills are second to none. Call Superior Mortgage Co., Inc. at 845-883-8200 or email sales@superiormci.com for additional information. Let us help make your dreams a reality.

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