Satirist succeeded, loudly welcomed by Wilde? (5)

I believe the answer is:

swift

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'satirist' is the definition.
(Jonathan Swift)

'succeeded loudly welcomed by wilde?' is the wordplay.
'succeeded' becomes 's' (genealogical abbreviation).
'loudly' becomes 'f' (short for forte - 'loud' in music).
'welcomed by' means one lot of letters goes inside another (letters welcomed inside).
'wilde?' becomes 'wit' (I can't explain this - if you can you should give a lot more credence to this answer).
'f' placed inside 'wit' is 'wift'.
's'+'wift'='SWIFT'

Can you help me to learn more?

(Other definitions for swift that I've seen before include "like a cheetah?" , "Fleet" , "Fast - novelist" , "Large property" , "Jonathan . . . . . wrote 'Gulliver's Travels'" .)

I've seen this clue in The Times.

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