Profile
Sector:
Financial ServicesIndustry:
Mortgage FinanceCountry:
United StatesIPO:
17 January 2020Website:
http://www.velfinance.comNext earnings report:
07 March 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Wed, 20 Nov 2024 21:05:35 GMTDividend
Analysts recommendations
Institutional Ownership
VEL Latest News
Velocity Financial, Inc. (NYSE:VEL ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Chris Oltmann - Director of Investor Relations Chris Farrar - President & CEO Mark Szczepaniak - CFO Conference Call Participants Stephen Laws - Raymond James Don Fandetti - Wells Fargo Steve Delaney - Citizens JMP Securities Eric Hagen - BTIG Operator Good day and welcome to the Velocity Financial Third Quarter 2024 Conference Call. All participants will be in listen-only mode.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE:VEL) (“Velocity” or “Company”), a leader in commercial investor loans, will release its third quarter 2024 results after the market close on Thursday, November 7, 2024. Velocity's executive management team will host a conference call and webcast to review its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time on the same day. Webcast Information The conference call will be webcast live in listen-only mod.
Velocity Financial benefits from bank constraints, showing impressive growth by targeting smaller investors and leveraging its 19-year reputation and automated data analytics systems. The company's growth strategy includes expanding its mortgage broker network, developing new products, and acquiring loan portfolios, supported by a robust funding structure. Despite rising operating costs, Velocity's earnings are strong, with a significant cash flow and an adjusted book value of nearly $17 per share.
Velocity Financial (VEL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Velocity Financial, Inc. (NYSE:VEL ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Chris Oltmann - Treasurer Chris Farrar - President & CEO Mark Szczepaniak - CFO Conference Call Participants Stephen Laws - Raymond James Steve Delaney - Citizens JMP Eric Hagen - BTIG Operator Good afternoon, and welcome to the Velocity Financial Q2 2024 Conference Call. All participants will be in listen-only mode.
Velocity Financial (VEL) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.38 per share a year ago.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Velocity Financial, Inc. (NYSE: VEL), (“Velocity” or the “Company”), a leader in business purpose loans, today announced that Kroll Bond Rating Agency (“KBRA”) has reviewed the ratings on 19 of the outstanding securitizations issued by its wholly-owned subsidiary, Velocity Commercial Capital, LLC (“VCC”) resulting in 271 rating affirmations and three rating upgrades of the underlying tranches. The rating actions occurred in conjunction with completing.
Velocity Financial (VEL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Velocity Financial (VEL) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.27 per share a year ago.
Velocity Financial, Inc. (NYSE:VEL ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Chris Oltmann - Treasurer Chris Farrar - President and CEO Mark Szczepaniak - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Sarah Barcomb - BTIG Steve Delaney - JMP Securities Operator Good day and welcome to the Velocity Financial Q3 2023 Conference Call. All participants will be in a listen-only mode.
What type of business is Velocity Financial?
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.
What sector is Velocity Financial in?
Velocity Financial is in the Financial Services sector
What industry is Velocity Financial in?
Velocity Financial is in the Mortgage Finance industry
What country is Velocity Financial from?
Velocity Financial is headquartered in United States
When did Velocity Financial go public?
Velocity Financial initial public offering (IPO) was on 17 January 2020
What is Velocity Financial website?
https://www.velfinance.com
Is Velocity Financial in the S&P 500?
No, Velocity Financial is not included in the S&P 500 index
Is Velocity Financial in the NASDAQ 100?
No, Velocity Financial is not included in the NASDAQ 100 index
Is Velocity Financial in the Dow Jones?
No, Velocity Financial is not included in the Dow Jones index
When was Velocity Financial the previous earnings report?
No data
When does Velocity Financial earnings report?
The next expected earnings date for Velocity Financial is 07 March 2025