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. (VEL) CEO Chris Farrar on Q1 2021 Results - Earnings Call Transcript

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (“Velocity” or the “Company”) reported net income of $3.40 million and core income of $6.72 million for 1Q21, compared to $2.58 million and $5.80 million, respectively, in 1Q20. Earnings and core earnings per diluted share were $0.10 and $0.20, respectively, in 1Q21, compared to $0.13 and $0.29, respectively, in 1Q20. Book value per common share was $11.12 as of March 31, 2021, compared to $12.47 as of March 31, 202

Velocity Financial, Inc. Reports First Quarter 2021 Results

NEW YORK, May 6, 2021 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Velocity Financial, Inc. (NYSE: VEL). If you are a shareholder of Velocity Financial, Inc. and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at: http://pjlfirm.com/velocity-financial-inc/ You may also contact Robert H.

SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Velocity Financial, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in small balance investor loans, announced today that it is scheduled to release its first quarter 2021 results after the market close on Thursday, May 6, 2021. 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 b

Velocity Financial, Inc. Announces Date of First Quarter 2021 Financial Results Webcast and Conference Call

Velocity Financial, Inc. (VEL) CEO Chris Farrar on Q4 2020 Results - Earnings Call Transcript

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (“Velocity” or the “Company”) reported net income and core income of $9.6 million for the fourth quarter of 2020 and diluted earnings per common share of $0.29. Book value per common share was $10.93, an increase from $10.44 as of December 31, 2020. “The fourth quarter marked a significant turning point in the Company's emergence from the effects of the pandemic,” said Chris Farrar, President and CEO. “The excellent

Velocity Financial, Inc. Announces Fourth Quarter and Full Year 2020 Results

Velocity Financial (VEL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Velocity Financial (VEL) Q4 Earnings Expected to Decline

Velocity Financial (VEL) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Velocity Financial (VEL) Moves 6.1% Higher: Will This Strength Last?

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in small balance investor loans, announced today that it is scheduled to release its fourth quarter and full year 2020 results after the market close on Tuesday, March 16, 2021. 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 confe

Velocity Financial, Inc. Announces Date of Fourth Quarter 2020 Financial Results Webcast and Conference Call

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leading provider of small balance investor loans, today announced that it has entered into a new $175 million, 5-year term loan with a syndicate of lenders including funds managed by Blackrock's U.S. Private Capital group, Oaktree Capital Management, L.P., and UBS O'Connor. The new facility has an initial $125 million funding as of the closing date, with an additional $50 million as

Velocity Financial, Inc. Announces New $175 Million Term Loan Facility and $200 Million Warehouse Facility

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leading provider of small balance investor loans, today announced that a motion to dismiss the class action lawsuit brought against the Company, its Directors at the time of the Company's IPO, its former controlling shareholder, and its IPO underwriters was granted by the judge presiding over the case (the “Dismissal Order”). Chris Farrar, President and CEO, stated, “We are very ple

Velocity Financial Announces the Dismissal of Class Action Lawsuit

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Velocity Financial, Inc. (VEL) CEO Chris Farrar on Q3 2020 Results - Earnings Call Transcript

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL) (“Velocity” or the “Company”) reported net income of $3.5 million for the third quarter of 2020 and diluted earnings per common share of $0.11. Core income(1) for the third quarter of 2020 was $3.9 million, excluding severance costs related to workforce reductions. Book value per common share was $10.44, an increase from $10.26 as of June 30, 2020. “Velocity's third quarter results highlight the significant progress

Velocity Financial, Inc. Announces Third Quarter 2020 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in small balance real estate lending, today provided a business update and announced that it will release third quarter 2020 financial results after the market close on Wednesday, November 11, 2020. Business Update: Restarted loan production activities in September to strong demand – Applications totaled $226 million in September and $252 million in October, similar to our 2020 Q1

Velocity Financial, Inc. Provides Business Update and Announces Date of Third Quarter Financial Results Webcast and Conference Call

NEW YORK, Sept. 28, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds 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")...

FINAL DEADLINE NOTICE: ROSEN, A TRUSTED AND TOP RANKED FIRM, Reminds Velocity Financial, Inc. Investors of Important Monday Deadline in the Securities Class Action - VEL

Los Angeles, California--(Newsfile Corp. - September 28, 2020) -  The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Velocity Financial, Inc. ("Velocity" or "the Company") (NYSE: VEL) for violations of the federal securities laws.Investors who purchased the Company's securities pursuant and/or traceable to the Company's initial public offering conducted in January 2020 (the "IPO"), are encouraged to contact the firm before September 28, 2020....

DEADLINE TODAY: 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, New York--(Newsfile Corp. - September 27, 2020) -  Rosen Law Firm, a global investor rights law firm, reminds 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") of the important September 28, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Velocity Financial investors under the federal securities...

ROSEN, A GLOBAL LAW FIRM, Reminds Velocity Financial, Inc. Investors of Important Monday Deadline in the Securities Class Action - VEL

New York, New York--(Newsfile Corp. - September 25, 2020) -  Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Velocity Financial, Inc. ("Velocity Financial" or the "Company")(NYSE:VEL) of the September 28, 2020 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.If you invested in Velocity Financial

Lead Plaintiff Deadline Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In Velocity Financial, Inc. To Contact The Firm

LOS ANGELES--(BUSINESS WIRE)---- $VEL #classaction--The Law Offices of Frank R. Cruz reminds investors of the upcoming September 28, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Velocity Financial, Inc. ("Velocity" or the "Company") (NYSE: VEL) securities pursuant and/or traceable to the Registration Statement issued in connection with the Company’s January 2020 initial public offering (“IPO”). If you are a shareholder who suffered a loss, click here to

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Velocity Financial, Inc. (VEL)

Los Angeles, California--(Newsfile Corp. - September 25, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Velocity Financial, Inc. (NYSE: VEL) ("Velocity" or "the Company") for violations of the federal securities laws.Investors who purchased the Company's securities pursuant and/or traceable to the Company's initial public offering conducted in January 2020 (the "IPO"), are encouraged to contact the firm before September 28, 2020. ...

DEADLINE MONDAY 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

BENSALEM, Pa., Sept. 24, 2020 /PRNewswire/ -- Law Offices of Howard G. Smith reminds investors of the upcoming September 28, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Velocity Financial, Inc. ("Velocity" or the "Company")...

Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Velocity Financial, Inc. (VEL) Investors

Los Angeles, California--(Newsfile Corp. - September 24, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Velocity Financial, Inc. (NYSE: VEL) ("Velocity" or "the Company") for violations of the federal securities laws.Investors who purchased the Company's securities pursuant and/or traceable to the Company's initial public offering conducted in January 2020 (the "IPO"), are encouraged to contact the firm before September 28, 2020. ...

MONDAY DEADLINE NOTICE: 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, New York--(Newsfile Corp. - September 23, 2020) - Rosen Law Firm, a global investor rights law firm, reminds 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") of the important September 28, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Velocity Financial investors under the federal securities...

Rosen, A Top Ranked Law Firm, Reminds Velocity Financial, Inc. Investors of Important September 28 Deadline in the Securities Class Action - VEL

Los Angeles, California--(Newsfile Corp. - September 23, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Velocity Financial, Inc. (NYSE: VEL) ("Velocity" or "the Company") for violations of the federal securities laws.Investors who purchased the Company's securities pursuant and/or traceable to the Company's initial public offering conducted in January 2020 (the "IPO"), are encouraged to contact the firm before September 28, 2020. ...

MONDAY DEADLINE 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

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