Velocity Financial, Inc. (VEL)
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 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 |