Velocity Financial Q1 2025 10-Q Filed
Ticker: VEL · Form: 10-Q · Filed: 2025-05-01T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financial-services, quarterly-report
TL;DR
Velocity Financial's Q1 2025 10-Q is in. Check financials.
AI Summary
Velocity Financial, Inc. filed its 10-Q for the period ending March 31, 2025. The filing details financial performance and operational aspects for the first quarter of 2025. Key financial data and segment performance are presented, with references to various accounting standards and portfolio segments.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for Velocity Financial, Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — As a financial services company, Velocity Financial is subject to market, credit, and regulatory risks inherent in the lending industry.
Key Players & Entities
- Velocity Financial, Inc. (company) — Filer of the 10-Q
- 20250331 (date) — End of reporting period
- 20250501 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20250331, indicating the filing covers the period ending March 31, 2025.
When was this 10-Q filed with the SEC?
The filing date is 20250501.
What is the company's Central Index Key (CIK)?
The company's Central Index Key is 0001692376.
What are some of the portfolio segments mentioned in the filing?
The filing mentions segments such as ShortTermOneToFourUnitPurchasePortfolioSegment, ResidentialOneToFourUnitRefinancePortfolioSegment, and CommercialRefinancePortfolioSegment.
What is the company's fiscal year end?
The company's fiscal year ends on 1231.
From the Filing
0000950170-25-062027.txt : 20250501 0000950170-25-062027.hdr.sgml : 20250501 20250501172757 ACCESSION NUMBER: 0000950170-25-062027 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 111 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250501 DATE AS OF CHANGE: 20250501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Velocity Financial, Inc. CENTRAL INDEX KEY: 0001692376 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 02 Finance EIN: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-39183 FILM NUMBER: 25904539 BUSINESS ADDRESS: STREET 1: 2945 TOWNSGATE ROAD STREET 2: SUITE 110 CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: 866-505-3863 MAIL ADDRESS: STREET 1: 2945 TOWNSGATE ROAD STREET 2: SUITE 110 CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 FORMER COMPANY: FORMER CONFORMED NAME: Velocity Financial, LLC DATE OF NAME CHANGE: 20161214 10-Q 1 vel-20250331.htm 10-Q 10-Q 0001692376 --12-31 false Q1 http://fasb.org/us-gaap/2024#RelatedPartyMember http://fasb.org/us-gaap/2024#InterestExpenseBorrowings http://fasb.org/us-gaap/2024#InterestExpenseBorrowings http://fasb.org/us-gaap/2024#DerivativeLiabilities http://fasb.org/us-gaap/2024#DerivativeLiabilities 1 http://fasb.org/srt/2024#ChiefExecutiveOfficerMember 0001692376 us-gaap:StateAndLocalJurisdictionMember 2024-01-01 2024-03-31 0001692376 vel:ShortTermOneToFourUnitPurchasePortfolioSegmentMember 2025-03-31 0001692376 vel:ResidentialOneToFourUnitRefinancePortfolioSegmentMember vel:COVID19PandemicMember vel:AgingStatusAndAccrualStatusMember vel:LoansCollectivelyEvaluatedForImpairmentMember 2024-12-31 0001692376 vel:CommercialRefinancePortfolioSegmentMember 2024-12-31 0001692376 vel:ResidentialOneToFourUnitPurchasePortfolioSegmentMember us-gaap:NonperformingFinancingReceivableMember vel:AccrualStatusMember 2024-12-31 0001692376 vel:ResidentialOneToFourUnitPurchasePortfolioSegmentMember vel:LoansIndividuallyEvaluatedForImpairmentMember us-gaap:FinancialAssetPastDueMember vel:COVID19PandemicMember vel:AgingStatusAndAccrualStatusMember 2025-03-31 0001692376 us-gaap:FairValueMeasurementsNonrecurringMember 2024-12-31 0001692376 vel:TwoThousandTwentyFourTermLoanMember vel:CorporateDebtAgreementMember 2024-12-31 0001692376 vel:ResidentialOneToFourUnitRefinancePortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember vel:COVID19PandemicMember vel:AgingStatusAndAccrualStatusMember vel:LoansCollectivelyEvaluatedForImpairmentMember 2025-03-31 0001692376 us-gaap:CommonStockMember 2020-01-28 2020-01-28 0001692376 vel:DeferredIssuanceCostsAndDiscountsMember 2025-03-31 0001692376 vel:NonaccrualStatusMember us-gaap:FinancingReceivables60To89DaysPastDueMember vel:ShortTermOneToFourUnitPurchasePortfolioSegmentMember 2024-12-31 0001692376 vel:DifferenceBetweenAggregateFairValueAndUnpaidPrincipalBalanceMember 2024-12-31 0001692376 us-gaap:SecuredDebtMember vel:TwoThousandAndTwentyOneTwoThousandAndTwentyFourRepurchaseAgreementMember 2024-12-31 0001692376 vel:NonaccrualStatusMember vel:ResidentialOneToFourUnitPurchasePortfolioSegmentMember 2024-12-31 0001692376 vel:LoansHeldForSaleAndAtFairValueMember 2025-03-31 0001692376 vel:SecuritizedDebtMember 2025-03-31 0001692376 2024-03-31 0001692376 vel:COVID19PandemicMember vel:AgingStatusAndAccrualStatusMember vel:ShortTermOneToFourUnitPurchasePortfolioSegmentMember vel:LoansCollectivelyEvaluatedForImpairmentMember 2025-03-31 0001692376 us-gaap:AssetPledgedAsCollateralWithoutRightMember vel:TwoThousandTwentyOneAndTwoThousandTwentyFourRepurchaseAgreementMember 2025-03-31 0001692376 us-gaap:NonperformingFinancingReceivableMember vel:AccrualStatusMember vel:ShortTermOneToFourUnitPurchasePortfolioSegmentMember 2024-12-31 0001692376 vel:TwoThousandEighteenTrustOneMember 2024-12-31 0001692376 vel:ShortTermOneToFourUnitRefinancePortfolioSegmentMember vel:AccrualStatusMember 2024-12-31 0001692376 vel:ResidentialOneToFourUnit