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Updated over 4 years ago on . Most recent reply

User Stats

49
Posts
6
Votes
Herschel Kessler
  • Investor
  • Atlanta, GA
6
Votes |
49
Posts

Velocity Mortgage

Herschel Kessler
  • Investor
  • Atlanta, GA
Posted

Is Velocity Mortgage a legitimate business? When I call their 800 number is goes to a voicemail with a digital recording that doesn't have their name. 

Most Popular Reply

User Stats

98
Posts
16
Votes
Robert Grant
  • Lender
  • Los Angeles, CA
16
Votes |
98
Posts
Robert Grant
  • Lender
  • Los Angeles, CA
Replied

Do you honestly think we don't want your business Steve?  Unfortunately once you get to our space, and even hard money, we say "No" to deals a lot more than "Yes".  I don't get paid a salary, so I wouldn't be here today if we didn't close loans.  I can tell just by your signature that you probably deal with more fix & flip investors, and we're absolutely not ideal for those types of scenarios.  We are a buy & hold lender so that's why we probably haven't been able to do a deal with you yet. 

I apologize if you felt shunned by our niche/boxy product, but it's always best practice to give you a quick and confident "I'm sorry, we can't do this deal.." than it is to drag you through the mud on a deal that we can't close in the end. 

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