Velocity Financial

Velocity Financial, Inc. operates a real estate finance company. It originates and manages investor loans secured by residential rental and small commercial properties. The company was founded by Christopher D. Farrar and Jeffrey T. Taylor in 2004 and is headquartered in Westlake Village, CA.

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Earnings data Q4 2024

Velocity Financial (VEL) reports profitable Q4, eyes growth opportunities

Velocity Financial (VEL) had a strong quarter and year, navigating challenges like the real estate market slowdown and strategic accounting shifts. The company is poised for growth with plans to increase loan production, resolve NPLs, and maintain a stable net interest margin. Market conditions and credit adjustments are key areas of focus for future performance.

Velocity Financial excels in Q1 2023, eyes growth opportunities

Velocity Financial delivered a strong Q1 performance with increased loan production and portfolio growth. The company's focus on maintaining healthy spreads and managing nonperforming rates reflects a commitment to sustainable growth. With opportunities for expansion in the current market environment, Velocity Financial remains well-positioned for future growth.

Velocity Financial excels in Q2 2023, poised for growth

Velocity Financial's Q2 2023 earnings call highlighted strong performance, effective capital allocation, and optimism about growth opportunities. The company's financial resilience, focus on credit quality, and strategic positioning underscore its potential for sustained growth and value creation.

Velocity Financial reports robust Q3 earnings amidst market challenges

Velocity Financial (VEL) delivered a strong performance in Q3 2023, with notable core earnings growth and successful securitizations.
The company's focus on small properties and minimal charge-offs underscored its resilience and strategic positioning in the market.
While challenges like NPL resolutions persist, Velocity Financial (VEL) remains optimistic about future income growth and capital access.

Velocity Financial achieves record results in Q4 2023

Velocity Financial delivered strong financial performance in Q4 2023, driven by favorable Fed policy changes and strategic initiatives.
The company's focus on growth, credit discipline, and portfolio expansion positions it well for future success.
Despite challenges in managing credit risk and navigating market dynamics, Velocity Financial remains optimistic about its growth prospects.

Velocity Financial excels in Q1 2024 with record core EPS and strong growth

Velocity Financial delivered a strong Q1 performance with notable core EPS growth and robust loan production.
The company's focus on portfolio management and capital activities positions it well for future growth opportunities.
While challenges in risk management and liquidity persist, Velocity Financial's strategic approach and market support are key strengths.
Opportunities for expansion and revenue generation exist through market strategies, broker relationships, and capital activities.

Velocity Financial reports strong Q2 earnings, eyes growth opportunities

Velocity Financial's Q2 2024 earnings call highlighted robust performance, strong portfolio growth, and a positive market outlook, underpinned by impressive revenue and originations growth.
Despite challenges such as NPL loans and rate changes, the company's solid liquidity position, consistent production, and market confidence position it well for future growth and profitability.
With opportunities to capitalize on its strengths, resolve challenges effectively, and navigate market dynamics, Velocity Financial remains well-positioned for continued success and financial stability.

Velocity Financial (VEL) achieves record growth in Q3 2024

Velocity Financial (VEL) excelled in Q3 2024, demonstrating remarkable growth and financial performance. With a strong outlook on credit performance and market conditions, the company is well-positioned for future success. Challenges in managing nonperforming loans are being addressed, while opportunities for growth and profitability are actively pursued.

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Velocity Financial, Inc. operates a real estate finance company, which originates and manages investor loans secured by residential rental and small commercial properties. The company was founded by Christopher D. Farrar and Jeffrey T. Taylor in 2004 and is headquartered in Westlake Village, CA.

Velocity Financial, Inc. (NYSE:VEL) Q4 2023 Results Conference Call March 7, 2024 5:00 PM ET

Velocity Financial, Inc. (VEL) Q4 2023 Earnings Call Transcript

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), filed its fourth quarter and full year 2023 results on March 7, 2024. It has recently come to management's attention that the earnings release contained a typographical error. The ninth bullet under Fourth Quarter Highlights stated: Non-recourse debt to equity ratio of 1.2 times The ninth bullet, as corrected, should read as follows: Recourse debt to equity ratio of 1.2 times About Velocity.

Velocity Financial, Inc. Corrects Typographical Error in Fourth Quarter and Full-Year 2023 Results

Velocity Financial (VEL) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.27 per share a year ago.

Velocity Financial (VEL) Beats Q4 Earnings and Revenue Estimates

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $52.3 million and core net income of $53.4 million for full-year 2023, compared to net income of $32.2 million and core net income of $42.2 million for the full-year 2022. Earnings and core earnings per diluted share were $1.52 and $1.54, respectively, for the full-year 2023, compared to $0.94 and $1.24 for the full-year 2022. “I a.

Velocity Financial, Inc. Reports Fourth Quarter and Full-Year 2023 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leader in business purpose loans, today announced the issuance of $75 million principal amount of five-year senior secured notes (the ”Notes”) by Velocity Commercial Capital, LLC, a wholly-owned subsidiary of Velocity. The Notes will bear interest at 9.875% per annum and will mature on February 15, 2029. Interest on the notes will be payable semi-annually on May 15 and November 15 o.

Velocity Financial, Inc. Announces Issuance of $75 Million of Senior Secured Notes

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in commercial investor loans, will release its fourth quarter and full-year 2023 results after the market close on Thursday, March 7, 2024. Velocity's executive management team will host a conference call and webcast to review its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day. Webcast Information The conference call will be webcast live in lis.

Velocity Financial, Inc. Announces Date of Fourth Quarter and Full-Year 2023 Financial Results Webcast and Conference Call

Velocity Financial, Inc. (NYSE:VEL ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Chris Oltmann - Treasurer Chris Farrar - President and CEO Mark Szczepaniak - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Sarah Barcomb - BTIG Steve Delaney - JMP Securities Operator Good day and welcome to the Velocity Financial Q3 2023 Conference Call. All participants will be in a listen-only mode.

Velocity Financial, Inc. (VEL) Q3 2023 Earnings Call Transcript

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $12.1 million and core net income of $12.9 million for 3Q23, compared to net income and core net income of $10.0 million for 3Q22. Earnings and core earnings per diluted share were $0.35 and $0.37, respectively, for 3Q23, compared to $0.29 and $0.29 for 3Q22. “Velocity's differentiated business model and portfolio management strate.

Velocity Financial, Inc. Reports Third Quarter 2023 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in business purpose loans, will release its third quarter 2023 results after the market close on Thursday, November 2, 2023. Velocity's executive management team will host a conference call and webcast to review its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day. Webcast Information The conference call will be webcast live in listen-only mode a.

Velocity Financial, Inc. Announces Date of Third Quarter 2023 Financial Results Webcast and Conference Call

Investors need to pay close attention to Velocity Financial (VEL) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Velocity Financial (VEL) Stock?

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High mortgage rates and low origination volumes are hurting the Zacks Mortgage & Related Services industry's prospects. Nonetheless, stocks like AGM, VEL and TREE are better positioned to escape the industry challenges.

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Velocity Financial (VEL) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Velocity Financial (VEL) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

Velocity Financial, Inc. (NYSE:VEL ) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Chris Oltmann – Treasurer Chris Farrar – President and Chief Executive Officer Mark Szczepaniak – Chief Financial Officer Conference Call Participants Steve DeLaney – JMP Securities Stephen Laws – Raymond James Operator Good afternoon and welcome to the Velocity Financial Second Quarter 2023 Conference Call. All participants will be in a listen-only mode.

Velocity Financial, Inc. (VEL) Q2 2023 Earnings Call Transcript

Velocity Financial (VEL) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.31 per share a year ago.

Velocity Financial (VEL) Q2 Earnings Beat Estimates

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $12.2 million and core net income of $12.9 million for 2Q23, compared to net income of $10.6 million and core net income of $10.6 million in 2Q22. Earnings and core earnings per diluted share were $0.36 and $0.38, respectively, for 2Q23, compared to $0.31 and $0.31, for 2Q22. “Velocity once again delivered strong quarterly earnings.

Velocity Financial, Inc. Reports Second Quarter 2023 Results

Velocity Financial (VEL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Velocity Financial (VEL) Rating Upgrade to Strong Buy

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in business purpose loans, will release its second quarter 2023 results after the market close on Thursday, August 3, 2023. Velocity's executive management team will host a conference call and webcast to review its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day. Webcast Information The conference call will be webcast live in listen-only mode an.

Velocity Financial, Inc. Announces Date of Second Quarter 2023 Financial Results Webcast and Conference Call

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Amid a soft mortgage environment, Mortgage & Related Services players like PFSI, AGM and VEL are focusing on servicing portfolio growth and diversifying business models to navigate choppy waters.

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Velocity Financial, Inc. (VEL) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, VEL's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

Velocity Financial (VEL) Just Flashed Golden Cross Signal: Do You Buy?

Velocity Financial (VEL) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Velocity Financial (VEL) Soars 10.2%: Is Further Upside Left in the Stock?

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leader in business purpose loans, today announced that Kroll Bond Rating Agency (“KBRA”) has upgraded and affirmed the ratings on the 16 outstanding securitizations issued by its wholly-owned subsidiary, Velocity Commercial Capital, LLC (“VCC”). The rating actions occurred in conjunction with the completion of KBRA's comprehensive surveillance review. KBRA's ratings affirmations ref.

Velocity Commercial Capital Securitization Ratings Upgraded and Affirmed by Kroll Bond Rating Agency

Velocity Financial (VEL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Velocity Financial (VEL): Time to Buy?

Velocity Financial (VEL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Velocity Financial (VEL) Upgraded to Buy: What Does It Mean for the Stock?

Velocity Financial (VEL) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.36 per share a year ago.

Velocity Financial (VEL) Surpasses Q1 Earnings and Revenue Estimates

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $10.6 million and core net income of $11.4 million for 1Q23, compared to net income of $3.1 million and core net income of $12.4 million in 1Q22. Earnings and core earnings per diluted share were $0.31 and $0.33, respectively, for 1Q23, compared to $0.09 and $0.36, for 1Q22. “Velocity's first quarter results demonstrate the resilie.

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