Velocity Debuts Its WIRE Initiative

Velocity Debuts Its WIRE Initiative

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 Village, 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.”

“At Velocity, we believe every borrower deserves the opportunity to invest in real estate.”

Chris Farrar | CEO, Velocity Mortgage Capital

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.

This article originally appeared on on December 10, 2018.