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
Bubble Releases Its Insurance-in-a-Box Offering

A new technological innovation straight out of Silicon Valley provides companies home and life insurance an instantaneous online process.

Tech
Jan 17, 2022
OptifiNow And NextUs Lending Announce New Partnership

CRM solutions provider, OptifiNow, announced its latest partnership with Irvine-based non-QM wholesale lender, NextUs Lending.

Non-QM
Jan 13, 2022
Digital Lending Platforms Market Size Undergoes Extraordinary Growth

The global digital lending platform market size is projected to reach $20.31 billion by 2027.

Tech
Jan 12, 2022
Demand For Financial Protection Policies Increase

As the number of claims increased over the pandemic, premiums for financial protection policies rose.

Tech
Jan 12, 2022
loanDepot Wholesale Upgrades mello Broker Portal

loanDepot Wholesale will introduce new upgrades to its mello®Broker Portal to further streamline the closing process for brokers and settlement agents.

Tech
Jan 12, 2022
Daily AI Acquires Whiteboard CRM

Daily AI, the provider of solutions for mortgage lending, announced the acquisition of Whiteboard CRM.

Tech
Jan 12, 2022