Velocity Financial (VEL) Company Report

Velocity Financial, Inc. (VEL) has entered into an agreement to sell $133.2 million in UPB of non-performing loans at a significant premium to the current mark on its balance sheet.
In connection with this sale, the company is initiating its first "Third Party Servicing" mandate to manage these loans for the buyer, aiming to create a durable, capital-light, fee-based revenue stream.
This transaction is expected to optimize the earning asset base, maximize profitability, and release capital to support continued portfolio growth and enhanced return on equity.
The transaction is anticipated to close prior to year-end.

2 days ago

Velocity Financial, Inc. Announces Nonperforming Loan Sale and New Servicing Partnership

VEL

New Projects/Investments

Revenue Acceleration/Inflection

Velocity Financial, Inc. (VEL) has agreed to sell $133.2 million in UPB of non-performing loans at a significant premium to their current balance sheet mark.
In connection with this transaction, the company is entering its first-ever "Third Party Servicing" mandate to manage these same loans for the buyer.
This initiative is expected to create a durable, capital-light, fee-based revenue stream, maximize profitability, and release capital to drive continued portfolio growth and enhanced return on equity.
The transaction is expected to close prior to year-end.

3 days ago

Velocity Financial, Inc. Reports Strong Q3 2025 Earnings and Record Loan Production

VEL

Earnings

Debt Issuance

Revenue Acceleration/Inflection

Velocity Financial, Inc. reported net income of $25.4 million for Q3 2025, a 60.6% increase from Q3 2024, with diluted EPS of $0.65. Core net income reached $26.9 million, an increase of 58.9%, and core diluted EPS was $0.69.
Loan production achieved a new record of $739.0 million in Q3 2025, marking a 55.0% increase from Q3 2024. This contributed to the total loan portfolio growing to $6.3 billion in UPB as of September 30, 2025, a 32.0% increase from September 30, 2024.
The percentage of nonperforming loans as a portion of Held for Investment (HFI) loans decreased to 9.8% as of September 30, 2025, down from 10.6% as of September 30, 2024.
The company completed two securitizations in Q3 2025, issuing a total of $648.4 million of securities.

Nov 7, 2025, 7:41 PM

Velocity Financial, Inc. Reports Third Quarter 2025 Results

VEL

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Velocity Financial, Inc. reported net income of $25.4 million for Q3 2025, a 60.6% increase from Q3 2024, with diluted EPS reaching $0.65.
The company achieved record loan production of $739.0 million in Q3 2025, representing a 55.0% increase compared to Q3 2024.
Net revenue grew by 53.6% to $85.8 million for Q3 2025.
Diluted book value per common share increased by 20.0% to $16.31 as of September 30, 2025.

Nov 7, 2025, 1:58 PM

Velocity Financial, Inc. Reports Strong Q3 2025 Earnings and Record Loan Production

VEL

Earnings

Revenue Acceleration/Inflection

Debt Issuance

Velocity Financial, Inc. (VEL) reported net income of $25.4 million and diluted EPS of $0.65 for Q3 2025, marking increases of 60.6% and $0.21, respectively, from Q3 2024.
Core diluted EPS for Q3 2025 was $0.69, up from $0.47 per share in Q3 2024.
Loan production reached a record $739.0 million in Q3 2025, a 55.0% increase from Q3 2024, contributing to a total loan portfolio of $6.3 billion as of September 30, 2025, up 32.0% year-over-year.
The portfolio net interest margin (NIM) for Q3 2025 was 3.65%, an increase of 5 basis points from 3.60% in Q3 2024.
Nonperforming loans (NPL) as a percentage of HFI loans improved to 9.8% as of September 30, 2025, down from 10.6% as of September 30, 2024.

Nov 6, 2025, 10:00 PM

Velocity Financial Announces Record Q3 2025 Results

VEL

Earnings

Revenue Acceleration/Inflection

Debt Issuance

Velocity Financial reported a record quarter in Q3 2025, with pre-tax earnings up 66.5% and production volumes reaching $739 million.
The company achieved net income up 60% year over year and core diluted EPS of $0.69 per share.
Loan production set a new record at $739 million, contributing to a total loan portfolio of just under $6.3 billion as of September 30, 2025, a 32% increase year over year after netting out prepayments.
Credit metrics remained disciplined, with the weighted average portfolio loan-to-value at 65.5% and the non-performing loan rate decreasing to 9.8%.
Velocity diversified its funding options by closing its first-ever single counterparty securitization and increased its maximum warehouse line capacity to $935 million.

Nov 6, 2025, 10:00 PM

Velocity Financial, Inc. Reports Strong Third Quarter 2025 Results

VEL

Earnings

Revenue Acceleration/Inflection

Velocity Financial, Inc. reported net income of $25.4 million for Q3 2025, a 60.6% increase from $15.8 million in Q3 2024, with diluted EPS rising to $0.65 from $0.44. Core net income increased by 58.9% to $26.9 million, and core diluted EPS grew to $0.69 from $0.47 for the same period.
The company achieved record loan production of $739.0 million in Q3 2025, marking a 55.0% increase from Q3 2024, contributing to a total loan portfolio of $6.3 billion as of September 30, 2025, up 32.0% from the prior year.
Nonperforming loans (NPL) as a percentage of Held for Investment (HFI) loans decreased to 9.8% as of September 30, 2025, down from 10.6% as of September 30, 2024.
Diluted book value per common share increased by 20.0% to $16.31 as of September 30, 2025, compared to $13.59 as of September 30, 2024.