Velocity Debuts Its WIRE Initiative – NMP Skip to main content

Velocity Debuts Its WIRE Initiative

Phil Hall
Dec 10, 2018
Velocity Mortgage Capital has unveiled its Women in Real Estate (WIRE) initiative to encourage more women to become involved in real estate investment

Velocity Mortgage Capital has unveiled its Women in Real Estate (WIRE) initiative to encourage more women to become involved in real estate investment.
Velocity Mortgage Capital has unveiled its Women in Real Estate (WIRE) initiative to encourage more women to become involved in real estate investment
 
The Westlake, Calif.-based company introduced the program at the recent NAMB National Conference in Las Vegas. According to the WIRE website, the initiative is designed to “qualify self-employed real estate investors and small business owners who don’t fit the criteria for a traditional bank loan.”
 
Velocity added that the WIRE program has special incentives including a free appraisal, discounts on underwriting fees and a credit on closing costs for first-time Velocity borrowers that can reduce closing costs by as much as $5,000.
 
"There's a problem in the financial services industry, and we want to fix it," said Chris Farrar CEO of Velocity Mortgage Capital. "At Velocity, we believe every borrower deserves the opportunity to invest in real estate–especially women, who often have higher credit scores and lower default rates.”

 
Published
Dec 10, 2018
More from
Tech
Blend Labs Has Cut 420 Jobs Since April

The 25% reduction of its workforce comes as it posts $478 million Q2 loss.

Industry News
Aug 17, 2022
Gambling On A Fully-Mobile Mortgage Future

Developer of Bee app claims an entirely contactless process coming soon

Tech
Aug 16, 2022
How Mortgage Tech Innovation Will Enable Future Real Estate Transactions

Innovation is needed in these areas and the opportunity is significant.

Tech
Aug 16, 2022
Redfin Expands iBuying Business To Florida

RedfinNow, which makes cash offers for homes, now operates in 34 markets in 16 states and the District of Columbia.

Tech
Aug 11, 2022
MISMO Seeks Public Comment On 3 eMortgage Resources

Updates proposed to MISMO Business Glossary, eMortgage Glossary, and eModification Reference Flyer.

Regulation and Compliance
Aug 05, 2022
Deal With Opendoor Allows Zillow Back Into iBuying Business

As it releases rough 2Q earnings report, Zillow announces partnership with former rival.

Tech
Aug 04, 2022