Velocity Financial Inc. just finished a strong third quarter by breaking some records in loan originations for the July through September period as well as for the number of loan applications in the month of October. 

Christopher Farrar, chief executive of the Westlake Village alternative lender for small apartment and commercial properties, said during a conference call with analysts to discuss third-quarter results that the company funded just more than $340 million in new loans during the quarter, beating the old record of $321 million, funded in the fourth quarter of 2019. 

“Our investments in automation and systems have empowered us to become more efficient than ever before, and the momentum is building,” Farrar said. 

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