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.

Earnings data Q1 2021

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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.

SAN DIEGO & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)---- $VEL #ClassAction--Shareholder rights law firm Robbins LLP announces that a purchaser of Velocity Financial, Inc.

Shareholder Alert: Robbins LLP Announces Velocity Financial, Inc. (VEL) Sued for Misleading Shareholders

LOS ANGELES--(BUSINESS WIRE)---- $VEL #fraud--Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Velocity Financial, Inc. (VEL) on Behalf of Investors

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Velocity Financial, Inc. (VEL) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)---- $VEL #VEL--SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Velocity Financial, Inc.

SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Velocity Financial, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

NEW YORK, July 30, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Velocity Financial, Inc. (NYSE: VEL) pursuant and/or traceable to the Company's initial public offering.

ROSEN, TRUSTED INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against Velocity Financial, Inc. - VEL

LOS ANGELES--(BUSINESS WIRE)---- $VEL #classaction--The Law Offices of Frank R. Cruz announces an investigation on behalf of Velocity Financial, Inc.

The Law Offices of Frank R. Cruz Announces Investigation of Velocity Financial, Inc.

BENSALEM, Pa.--(BUSINESS WIRE)---- $VEL #fraud--INVESTOR ALERT: Law Offices of Howard G.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Velocity Financial, Inc.

LOS ANGELES--(BUSINESS WIRE)---- $VEL #VEL--SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Velocity Financial, Inc.

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Velocity Financial, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Velocity Financial, Inc. (NYSE: VEL) pursuant and/or traceable to the Company’s initial public offering conducted in January 2020 (the “IPO” or “Offering”).

EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Velocity Financial, Inc. – VEL

PHILADELPHIA, July 29, 2020 /PRNewswire/ -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Velocity Financial, Inc. ("Velocity") (NYSE: VEL) on behalf of investors who purchased or acquired shares of Velocity common stock in connection with or.

INVESTOR ALERT: Kaskela Law LLC Announces Shareholder Class Action Lawsuit Filed Against Velocity Financial, Inc. and Encourages Investors to Contact the Firm - VEL

NEW YORK--(BUSINESS WIRE)-- #VEL--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of investors that purchased Velocity Financial, Inc.

VELOCITY FINANCIAL ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Velocity Financial, Inc.

SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statements concerning Velocity’s business and prospects, resulting in its stock trading at inflated prices.

Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Velocity Financial, Inc.

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc.

Velocity's Board of Directors Elects Dorika M. Beckett as a New Independent Director

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Velocity Financial, Inc. (NYSE: VEL) resulting from allegations that Velocity Financial may have issued materially misleading business information to the investing public.

ROSEN, NATIONAL INVESTOR COUNSEL, Announces Investigation of Securities Claims Against Velocity Financial, Inc. – VEL

Los Angeles, California--(Newsfile Corp. - July 17, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Velocity Financial, Inc.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Velocity Financial, Inc. and Encourages Investors with Losses to Contact the Firm

NEW YORK, July 16, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Velocity Financial, Inc. (NYSE: VEL) resulting from allegations that Velocity Financial may have issued.

ROSEN, TRUSTED NATIONAL TRIAL COUNSEL, Announces Investigation of Securities Claims Against Velocity Financial, Inc. - VEL

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (“Velocity” or the “Company”), today announced the completion of its third securitization transaction of 2020. VCC 2020-MC1 is collateralized by $276 million in UPB of assets, primarily short-term loans secured by 1-4 unit rental and small commercial properties originated through Velocity’s operating platform. Approximately 17% of the loans are in a COVID forbearance plan as of May 31, 2020. Velocity sold the oversu

Velocity Completes $276 Million Securitization: Represents Completion of Financing Solutions for Assets Previously Financed with Legacy Warehouse Lines

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (“Velocity” or the “Company”), today announced Roland Kelly has joined Velocity’s Executive Leadership team as General Counsel and Corporate Secretary. In this role, Roland will oversee the company’s legal, compliance and corporate secretary functions, reporting to Velocity's President and Chief Executive Officer, Chris Farrar, and Velocity's Board of Directors. Chris Farrar stated, “We are very pleased to have Rola

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