Velocity Financial, Inc. (VEL)

NYSE: VEL · IEX Real-Time Price · USD
18.10
-0.13 (-0.71%)
Mar 28, 2024, 12:39 PM EDT - Market open

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.

Velocity Financial, Inc.
Velocity Financial logo
Country United States
Founded 2004
IPO Date Jan 17, 2020
Industry Mortgage Finance
Sector Financials
Employees 253
CEO Christopher D. Farrar

Contact Details

Address:
30699 Russell Ranch Road, Building 111, Suite 295
Westlake Village, California 91362
United States
Phone 866-505-3863
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
Roland Thomas Kelly Chief Legal Officer, General Counsel and Corporate Secretary

Latest SEC Filings

Date Type Title
Mar 27, 2024 ARS Filing
Mar 27, 2024 DEFA14A Additional definitive proxy soliciting materials and Rule 14(a)(12) material
Mar 27, 2024 DEF 14A Other definitive proxy statements
Mar 15, 2024 10-K Annual Report
Mar 8, 2024 8-K Current Report
Mar 7, 2024 8-K Current Report
Feb 14, 2024 8-K Current Report
Feb 9, 2024 SC 13G/A [Amend] Statement of acquisition of beneficial ownership by individuals
Feb 7, 2024 8-K Current Report
Feb 6, 2024 8-K Current Report