VEL on NYSE

Velocity Financial, Inc.

We are a vertically integrated real estate finance company founded in 2004.1

Price unavailable

Last updated Oct 19, 2026.

Overview

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  • TickerVEL on NYSE1
  • IndustryFinance Services1
  • HeadquartersWestlake Village, California1
  • Incorporated inDE2
  • Business address2945 Townsgate Road, Suite 110, Westlake Village, Ca 913612
  • Filer categoryAccelerated filer, Smaller reporting company2

We are a vertically integrated real estate finance company founded in 2004. We originate, securitize, and manage a nationwide portfolio of loans secured by real estate to earn attractive risk adjusted spreads for our shareholders. We primarily originate investor loans secured by 1-4 unit residential rental properties, as well as loans for multi-family, mixed use and commercial properties. We originate loans nationwide across our extensive network of independent mortgage brokers and direct borrower relationships, which we have built and refined over the 21 years since our inception. Our objective is to be the preferred and one of the most recognized brands in our core market.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income45678$105.1M in 2025+508% since 2019
0$50.0M$100.0M$150.0M2019: $17.3M$17.3M20192020: $17.8M$17.8M2020+3%2021: $29.2M$29.2M2021+64%2022: $32.2M$32.2M2022+10%2023: $52.3M$52.3M2023+62%2024: $68.4M$68.4M2024+31%2025: $105.1M$105.1M2025+54%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.8

Period ending2025-12-312024-12-312023-12-31
Interest income$550.8M$406.8M$310.8M
Interest expense portfolio related$340.5M$247.2M$186.5M
Net interest income portfolio related$210.4M$159.6M$124.3M
Interest expense corporate debt$24.6M$23.8M$16.6M
Net interest income$185.8M$135.8M$107.8M
Provision for credit losses$5.8M$1.2M$1.9M
Net interest income after provision for credit losses$180.0M$134.6M$105.8M
Gain on disposition of loans$9.9M$8.2M
Unrealized gain on fair value loans$116.9M$55.9M$47.9M
Unrealized gain (loss) on fair value securitized debt-$30.5M$2.6M-$9.0M
Unrealized gain (loss) on mortgage servicing rights-$998.0K$375.0K-$660.0K
Origination fee income$34.0M$24.0M$12.4M
Interest income on cash balance$5.9M$6.5M$5.2M
Other income$2.1M$2.1M$1.8M
Total other operating income$163.6M$101.4M$65.9M
Compensation and employee benefits$90.2M$69.6M$48.3M
Origination expenses$4.5M$3.1M$518.0K
Securitization expenses$28.3M$19.4M$12.9M
Loan servicing$33.4M$22.4M$17.6M
Professional fees$6.1M$7.6M$4.6M
Rent and occupancy$1.1M$1.9M$1.9M
Real estate owned, net$22.9M$6.0M$6.2M
Other operating expenses$10.8M$9.6M$8.5M
Total operating expenses$197.4M$139.6M$100.6M
Income before income taxes$146.2M$96.4M$71.1M
Total income tax expense$41.3M$27.9M$18.8M
Net income$105.0M$68.5M$52.3M
Net income (loss) attributable to noncontrolling interest-$71.0K$47.0K$20.0K
Net income attributable to Velocity Financial, Inc.$105.1M$68.4M$52.3M
Less undistributed earnings attributable to unvested restricted stock awards$1.3M$834.0K$753.0K
Net earnings attributable to common stockholders$103.7M$67.6M$51.5M
Basic$2.81$2.07$1.60
Diluted$2.75$1.91$1.52
Basic36.9M shares32.7M shares32.2M shares
Diluted38.2M shares35.8M shares34.5M shares

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Leadership

Who has led Velocity Financial, Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Mark R. Szczepaniak2020–now

Chief operating officer

  1. Joseph A. Cowell2020
2025
Board members and other officers (17)

Former names

  • Velocity Financial, LLCDec 16, 2016 to Jan 17, 20202

Timeline

  1. Jan 17, 2020New chief executive Christopher D. Farrar becomes CEO12

Filings

317 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 69 major events, 158 insider forms, 21 large holders, 49 other. The latest 20:

  1. Sep 10, 2026144 EDGAR
  2. Sep 10, 20264 PRIMARY DOCUMENT EDGAR
  3. Sep 1, 20264 PRIMARY DOCUMENT EDGAR
  4. Aug 27, 20268-K EDGAR
  5. Aug 11, 2026144 EDGAR
  6. Aug 11, 2026144 EDGAR
  7. Aug 11, 20264 PRIMARY DOCUMENT EDGAR
  8. Aug 11, 20264 PRIMARY DOCUMENT EDGAR
  9. Aug 10, 2026144 EDGAR
  10. Aug 10, 20264 PRIMARY DOCUMENT EDGAR
  11. Aug 6, 20264 PRIMARY DOCUMENT EDGAR
  12. Aug 6, 20264 PRIMARY DOCUMENT EDGAR
  13. Aug 6, 202610-Q EDGAR
  14. Aug 5, 20268-K EDGAR
  15. Aug 5, 20268-K EDGAR
  16. Jul 28, 2026144 EDGAR
  17. Jul 28, 20264 PRIMARY DOCUMENT EDGAR
  18. Jul 9, 20264 PRIMARY DOCUMENT EDGAR
  19. Jul 9, 20264 PRIMARY DOCUMENT EDGAR
  20. Jul 7, 2026144 EDGAR

The 317 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

34 open-market trades by officers, directors and large owners since October 2021: 1 buys and 33 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 10, 2026Szczepaniak Mark RChief Financial OfficerSale2,000$18.03$36.1KForm 4
Sep 1, 2026Kelly Roland ThomasChief Legal Officer and GCSale1,600$18.00$28.8KForm 4
Aug 11, 2026Taylor Jeffrey T.Executive VP, Capital MarketsSale4,330$19.06$82.5KForm 4
Aug 11, 2026Tam FionaChief Accounting OfficerSale1,232$19.00$23.4KForm 4
Aug 10, 2026Szczepaniak Mark RChief Financial OfficerSale2,000$18.16$36.3KForm 4
Aug 6, 2026Kelly Roland ThomasChief Legal Officer and GCSale1,600$18.00$28.8KForm 4
Aug 6, 2026Szczepaniak Mark RChief Financial OfficerSale400$18.00$7.2KForm 4
Jul 28, 2026Szczepaniak Mark RChief Financial OfficerSale400$18.00$7.2KForm 4
Jul 7, 2026Tam FionaChief Accounting OfficerSale68$19.00$1.3KForm 4
Jul 7, 2026Taylor Jeffrey T.Executive VP, Capital MarketsSale2,165$19.00$41.1KForm 4
Jul 1, 2026Kelly Roland ThomasChief Legal Officer and GCSale1,600$18.57$29.7KForm 4
Jun 26, 2026Szczepaniak Mark RChief Financial OfficerSale1,573$18.07$28.4KForm 4
May 1, 2026Szczepaniak Mark RChief Financial OfficerSale1,573$19.30$30.4KForm 4
Apr 17, 2026Taylor Jeffrey T.Executive VP, Capital MarketsSale2,130$20.00$42.6KForm 4
Apr 1, 2026Szczepaniak Mark RChief Financial OfficerSale1,573$18.13$28.5KForm 4
Mar 31, 2026Kelly Roland ThomasChief Legal Officer and GCSale814$18.22$14.8KForm 4
Mar 30, 2026Kelly Roland ThomasChief Legal Officer and GCSale14,026$18.03$252.9KForm 4
Mar 17, 2026Kelly Roland ThomasChief Legal Officer and GCSale5,160$18.06$93.2KForm 4
Mar 2, 2026Szczepaniak Mark RChief Financial OfficerSale1,573$18.32$28.8KForm 4
Feb 2, 2026Taylor Jeffrey T.Executive VP, Capital MarketsSale1,772$20.33$36.0KForm 4

All 34 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 98. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Snow Phipps Group, LLC13,353,103$246.5M75.6%No change
Allianz Asset Management GmbH12,637,764$233.3M0.2%No change
Beach Point Capital Management LP6,582,380$121.5M47.4%+23,868
BlackRock, Inc.1,489,827$27.5M0.0%−152,089
Dimensional Fund Advisors LP656,725$12.1M0.0%+74,175
Adage Capital Partners Gp, L.l.c.505,505$9.3M0.0%+22,790
Vanguard Capital Management LLC487,011$9.0M0.0%+6,359
American Century Companies Inc357,199$6.6M0.0%+71,830
Geode Capital Management, LLC272,540$5.0M0.0%+23,040
State Street Corp249,731$4.6M0.0%+31,586
Goldman Sachs Group Inc235,327$4.3M0.0%−39,796
D. E. Shaw & Co., Inc.124,130$2.3M0.0%+36,396
Susquehanna International Group, Llp123,902$2.3M0.0%New
Man Group plc116,925$2.2M0.0%+40,543
Qube Research & Technologies Ltd116,605$2.2M0.0%+10,744
Morgan Stanley102,530$1.9M0.0%+14,080
Vanguard Portfolio Management LLC102,190$1.9M0.0%+35,447
Northern Trust Corp92,141$1.7M0.0%+11,483
Tudor Investment Corp Et Al91,219$1.7M0.0%+32,317
Charles Schwab Investment Management Inc89,499$1.7M0.0%+4,099
Nfj Investment Group, LLC72,611$1.3M0.0%No change
Aqr Capital Management LLC71,546$1.3M0.0%+12,640
Vanguard Fiduciary Trust Co67,596$1.2M0.0%−1,787
Bank of New York Mellon Corp55,060$1.0M0.0%+4,191
Creative Planning54,853$1.0M0.0%+955

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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