Company Description
Velocity Financial, Inc. operates as a real estate finance company in the United States.
It originates, securitizes, and manages a portfolio of loans, which are secured by first mortgage liens on income-producing and/or owner/user commercial properties, including investor 1-4, a non-owner occupied residential rental properties with 1-4 units; residential apartments combined with office or retail space; and multi-family comprising traditional apartment buildings, condominiums, and other residential properties with 5+ units.
The company also finances for retail properties with various types of retail products and merchandise or services; commercial properties occupied by professional or business offices; and warehouse and other properties, which include self-storage units, auto services, hospitality, light industrial, and other commercial enterprises, as well as provides short-term and interest-only loans for acquisition and improvement of 1-4-unit residential properties.
It offers its products through a network of independent mortgage brokers for independent real estate investors and small business owners.
The company was founded in 2004 and is headquartered in Westlake Village, California.
| Country | United States |
| Founded | 2004 |
| IPO Date | Jan 17, 2020 |
| Industry | Mortgage Finance |
| Sector | Financials |
| Employees | 253 |
| CEO | Christopher Farrar |
Contact Details
Address: 30699 Russell Ranch Road, Suite 295 Westlake Village, California 91362 United States | |
| Phone | 818 532 3700 |
| Website | velfinance.com |
Stock Details
| Ticker Symbol | VEL |
| Exchange | NYSE |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| IPO Price | $13.00 |
| CIK Code | 0001692376 |
| CUSIP Number | 92262D101 |
| ISIN Number | US92262D1019 |
| SIC Code | 6199 |
Key Executives
| Name | Position |
|---|---|
| Christopher D. Farrar | Co-Founder, Chief Executive Officer, President and Director |
| Mark R. Szczepaniak | Chief Financial Officer |
| Jeffrey T. Taylor | Executive Vice President of Capital Markets |
| Joseph A. Cowell | Chief Operating Officer |
| Fiona Tam | Chief Accounting Officer |
| Christopher J. Oltmann | Corporate Treasurer and Director of Investor Relations |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Nov 8, 2024 | 8-K | Current Report |
| Nov 8, 2024 | 8-K | Current Report |
| Nov 8, 2024 | 10-Q | Quarterly Report |
| Aug 2, 2024 | 8-K | Current Report |
| Aug 2, 2024 | 8-K | Current Report |
| Aug 2, 2024 | 10-Q | Quarterly Report |
| Jul 23, 2024 | SC 13D/A | [Amend] General statement of acquisition of beneficial ownership |
| Jul 22, 2024 | SC 13D/A | [Amend] General statement of acquisition of beneficial ownership |
| May 23, 2024 | 8-K | Current Report |
| May 14, 2024 | EFFECT | Notice of Effectiveness |