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Velocity Mortgage Capital

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Westlake Village, United States

velocitymortgage.com
Mortgage lender· Investing· Financial Advising

Velocity Mortgage Capital Reviews | Rating 2.6 out of 5 stars (5 reviews)

Velocity Mortgage Capital is located in Westlake Village, United States on 30699 Russell Ranch Rd # 295. Velocity Mortgage Capital is rated 2.6 out of 5 in the category mortgage lender in United States.

Address

30699 Russell Ranch Rd # 295

Phone

+1 8778223303

Accessibility

Wheelchair-accessible entrance

Open hours

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M

My Account

STAY FAR AWAY!!! This is the most unethical lender I've ever dealt with. They charged me 912.50 in \default interest\ for being one month late on a payment, plus a late fee, on a 220,000 loan. I can't believe this is legal.

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Max Shaw

After 2 long months, thousands of appraisal fee later, they decided they did not want to accept the appraisal that they hired. Time is the most valuable currency and we wasted it with this company. I wish I read the reviews FIRST before attempting to refinance my commercial property!

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George Tesfa

The problem with this lender is that there is always some surprise that pops up and the loan get busted. We worked so hard for one month and cleared all condition. As broker, tough to work with your client like this. You can not get repeat client like that.This happened to me twice.This time, they come come to us with appraisal value of half of what our borrower was expecting. Very outrageous. Even county Tax value appraised it 1.2M. Velocity's appraiser came up with 840K. And everybody knows that market value is much higher than county tax value. My borrower was expecting 1.4M or 1.6MM. So, my borrower was so upset and called appraiser since he paid 2,000 and found out information that did not please him. Borrower threatened to sue and file complaints etc. So much drama. Cherrywood Mortgage and Silverhill Funding are better when it comes to this. I may have to use the these two lenders from now on and find others, I have no choice.Velocity has no problem of dropping you quick. For example, I am doing 2.6M loan with Cherrywood Mortgage. Appraiser put too much expense for repair of the apartment. The underwriter called the appraiser and presented our protest and agreed to change it and loan was approved.This is what I expect from lender. Not just drop me last minute about to close.

S

Sarah Johnson

This is a great company! They were able to do many deals for my clients that other lenders couldn't, I am extremely satisfied with their professionalism and knowledge and will definitely continue to do business with them in the future.

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Lisa Koval

Got me approved conditional on appraisal. I paid for appraisals on my 7 properties. They wouldn't accept the values, and wanted to adjust much lower - why would even need appraisals then and why I wasted my money on them???? Then after wasting about 2 months of my time, decided they did not want to do my loans without providing anything in writing or giving proper reasoning. These guys are a scam. Don't waste your time and money.

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