Velocity Financial, Inc.
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- Velocity Financial, Inc. (NYSE: VEL) is a vertically integrated real estate finance company that originates, securitizes, and manages business purpose loans secured by 1-4 unit residential rental properties, multi-family properties, mixed-use properties, and small commercial properties including investor loans, residential apartments combined with office or retail space, warehouse facilities, and other properties. The company provides these financing solutions through a nationwide network of independent mortgage brokers and direct borrower relationships, leveraging proprietary technology such as an online broker portal with customizable loan terms, document upload functionality, and a risk-based pricing engine; it also employs cloud-based operational infrastructure and 21 years of proprietary data for underwriting, analytics, and product development. Founded in 2004 by Chris Farrar and Jeff Taylor and headquartered in Westlake Village, California, Velocity Financial operates loan originations across 45 states and Washington, D.C., with nine strategic locations focused on high-demand investor geographies including California, New York, Florida, and New Jersey. The company targets small private real estate investors, self-employed entrepreneurs, W-2 employees, and small business owners who often do not qualify for traditional bank financing, serving a highly fragmented market for small balance commercial real estate loans and residential rentals amid growing rental demand from household formation and demographic shifts. Velocity structures loans with conservative loan-to-value ratios, interest rate protections, and disciplined underwriting to mitigate risks, retaining first-loss tranches in securitizations while achieving low charge-off rates and strong portfolio yields. In recent developments, Velocity Financial achieved record loan production and earnings in 2025, including Q2 net income of $26.0 million (up 75.9% year-over-year), Q3 net income of $25.4 million (up 60.6%), and full-year 2024 portfolio growth to $5.1 billion in unpaid principal balance (exceeding its 5x25 goal early); it completed multiple securitizations totaling over $985 million in Q2 2025 and issued $75 million in senior secured notes. The company announced an ambitious target of $10 billion portfolio by 2030, driven by Non-QM market expansion, 71.8% year-over-year Q2 2025 loan production growth, and portfolio diversification; it also dual-listed on NYSE Texas in August 2025 and issued new common equity via its at-the-market program. These expansions reflect sustained momentum in investor demand for financing smaller commercial and rental properties, supported by proactive non-performing loan resolutions and liquidity management with $139.3 million on hand as of June 30, 2025.
Velocity Financial, Inc. (VEL) Q1 2026 Earnings Call Transcript
Velocity Financial, Inc. Reports First Quarter 2026 Results
OSE Immunotherapeutics Welcomes FDA Orphan Drug Designation Granted to Pegrizeprument (VEL-101) for Prevention of Organ Rejection in Heart Transplant Patients
Velocity Financial, Inc. Announces Date of First Quarter 2026 Financial Results Webcast and Conference Call
Velocity Financial, Inc. (VEL) Q4 2025 Earnings Call Transcript
Velocity Financial, Inc. Reports Fourth Quarter and Full-Year 2025 Results
Velocity Financial, Inc. Announces Closing of Offering of $500 Million of Senior Notes Due 2031
Velocity Financial, Inc. Announces Date of Fourth Quarter and Full Year 2025 Financial Results Webcast and Conference Call
Velocity Financial, Inc. Announces Pricing of $500 Million of Senior Notes Due 2031
Velocity Financial, Inc. Announces Proposed Offering of $500 Million of Senior Notes Due 2031
Velocity Financial, Inc. Announces Preliminary Expected Fourth Quarter and Full-Year 2025 Results
OSE Immunotherapeutics Welcomes FDA Orphan Drug Designation Granted to Pegrizeprument (VEL-101)
Velocity Financial, Inc. Announces Nonperforming Loan Sale and New Servicing Partnership
Velocity Financial, Inc. (VEL) Q3 2025 Earnings Call Transcript
Velocity Financial, Inc. Reports Third Quarter 2025 Results
Velocity Financial, Inc. Announces Date of Third Quarter 2025 Financial Results Webcast and Conference Call
Velocity Financial, Inc. Announces Dual Listing on NYSE Texas
Velocity Financial, Inc. (VEL) Q2 2025 Earnings Call Transcript
Velocity Financial, Inc. Announces Date of Second Quarter 2025 Financial Results Webcast and Conference Call
Velocity Commercial Capital Securitization Ratings Affirmed and Upgraded by Kroll Bond Rating Agency