US92262D1019 - Common Stock
VELOCITY FINANCIAL INC
NYSE:VEL (11/22/2024, 1:35:53 PM)
20.49
+0.2 (+0.99%)
Velocity Financial, Inc. operates a real estate finance company. The company is headquartered in Westlake Village, California and currently employs 253 full-time employees. The company went IPO on 2020-01-17. The company originates loans nationwide across its network of independent mortgage brokers. The firm's portfolio provides loans held for investment. The Company’s typical investor real estate loan is secured by a first lien on the underlying property with the added protection of a personal guarantee. Its portfolio of loans held for investment totaled $4.1 billion of unpaid principal balance (UPB) on properties in 45 states and the District of Columbia. The firm funds its portfolio primarily through a combination of committed and uncommitted secured warehouse facilities, securitized debt, corporate debt and equity.
VELOCITY FINANCIAL INC
30699 Russell Ranch Road, Building 111, Suite 295
Westlake Village CALIFORNIA 91362
P: 18665053863
CEO: Christopher D. Farrar
Employees: 253
Website: https://www.velfinance.com/
VEL stock results show that Velocity Financial beat analyst estimates for earnings per share and beat on revenue for the second quarter of 2024.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Velocity Financial (NYSE:VEL) just reported results for the second quarter of 2...
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