US92262D1019 - Common Stock
VELOCITY FINANCIAL INC
NYSE:VEL (5/15/2024, 11:23:10 AM)
18.12
+0.11 (+0.61%)
Velocity Financial, Inc. operates a real estate finance company. The company is headquartered in Westlake Village, California and currently employs 194 full-time employees. The company went IPO on 2020-01-17. The firm primarily originates and manages investor loans secured by one-to-four-unit residential rental and commercial properties, which it refers to collectively as investor real estate loans. The company originates loans nationwide across its network of independent mortgage brokers. The firm's portfolio provides loans held for investment. The Company’s loan is secured by a first lien on the underlying property with a personal guarantee. The Company’s loan portfolio totaled $3.5 billion of unpaid principal balance (UPB) on properties in approximately 45 states and the District of Columbia. The firm funds its portfolio primarily through a combination of committed and uncommitted secured warehouse facilities, securitizations, corporate debt and equity.
VELOCITY FINANCIAL INC
30699 Russell Ranch Road, Building 111, Suite 295
Westlake Village CALIFORNIA 91362
P: 18665053863
CEO: Christopher D. Farrar
Employees: 194
Website: https://www.velfinance.com/
VEL stock results show that Velocity Financial beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Velocity Financial (NYSE:VEL) just reported results for the first quarter of 20...
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