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Aug 07, 2007

Velocity Commercial Capital expands to San FranciscoMortgagePress.comSan Francisco mortgage lenders Velocity Commercial Capital (VCC) has officially opened its San Francisco sales office. "The addition of the San Francisco office will surely translate into better customer service throughout the thriving Northern California market," said Joseph Cowell, the company's Western regional vice president. "We have an experienced team in place, and we're excited to see what they can do." Westlake Village, Calif.-based VCC is a nationwide direct wholesale lender specializing in small-balance commercial loans. For more information, call (866) 505-3863 or visit www.velocitycommercial.com.

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Aug 07, 2007

Analysis and Data

Interest Rate Cut Reinforced By Wednesday's Inflation Data

Consumer Price Index makes smallest annual increase in three years

The latest inflation data fortifies expectations for the Federal Reserve to make its first interest rate cut in more than four years next week. The Consumer Price Index rose 2.5% over last year this August, ticking up just 0.2% from July, the U.S. Bureau of Labor Statisti...

Tech

UWM Works To KEEP The Refis Rolling In

The wholesaler launches an AI-driven system, KEEP, that identifies borrowers in need of a refinance

To keep refinances rolling in, United Wholesale Mortgage (UWM) has launched KEEP, a program utilizing AI to send borrowers pre-validated refinance opportunities as soon as they may obtain meaningful savings on their monthly payments. Instead of cold-calling or emailing every...