After graduating with a BA and an MA from the University of California, Santa Barbara, I worked for seven years as a classroom teacher and administrator in the public school system. I then moved to the private sector and worked for five years as the founding administrator of a not for profit foundation providing services for senior citizens. In subsequent years my business involvements became more diverse: marketing, property management, real estate development, non-profit arts administration, grant writing, and finally mortgage lending for the last 25+ years.
I’ve worked as a loan officer/manager for GMAC Mortgage, Norwest Mortgage (now Wells Fargo), Pinnacle Capital Mortgage and as broker of record and part owner of Shoreline Residential & Construction Lending in Capitola, California specializing in construction lending. In addition to my primary position as a mortgage planner with these companies, I also worked part time as an adjunct professor at Cabrillo College teaching Real Estate Principles, Finance, and Escrow.
Through it all, I’ve viewed myself as an educator and feel my highest responsibility is to educate each of my mortgage clients to the complexities of obtaining a mortgage as a way of reducing the anxiety which is usually a part of the process. “If my clients don’t know more when the loan transaction is complete as compared to when we started, I haven’t done my job properly.”
The economic environment we find ourselves in requires an educated and experienced partner when looking for a loan to purchase a new home or to refinance an existing mortgage. I pride myself on the level of customer care which I bring to each and every transaction. My recent affiliation with Bay Equity Home Loans is the culmination of a lifetime of service to the real estate community. In addition to providing a full menu of residential loans to meet the needs of my purchase and refinance clients, Bay Equity Home Loans also originates Reverse Mortgages in house in support of the needs of our Senior Citizens. I have committed a major part of my professional time educating the senior population of our community to the benefits of HECM/Reverse Mortgages (Home Equity Conversion Mortgages).
At Bay Equity Home Loans we are happy to provide a full analysis of a new client’s ability to qualify for a new home loan purchase. We provide a full credit approval before beginning the home shopping process with the property to be determined. This allows the client to shop with full confidence and the financial backing of our company. Additionally, I am always happy to share my knowledge and provide my clients with an honest assessment of their current mortgage, to help them accurately determine whether the refinance of an existing mortgage is in their best interest.
Please feel free to contact me at any time to discuss your refinance situation, purchasing a new home, market trends including reverse mortgages, or just to say hello!
Penny Doubek | Regional Sales Manager NMLS ID#203281 | 408.426.5875
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