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 real estate, including investor 1-4 unit residential rental properties; residential apartments combined with office or retail space; and loans for multi-family, mixed use, and commercial properties. The company also provides warehouse and other properties. It offers its products through a network of independent mortgage brokers and direct borrower relationships. The company was founded in 2004 and is headquartered in Westlake Village, California
Record Originations | Velocity Financial achieves unprecedented loan originations, showcasing robust growth in its portfolio and market position amid challenging economic conditions |
Margin Pressures | Explore the impact of declining net interest margins on Velocity's profitability and the strategic measures being implemented to mitigate these challenges |
Credit Quality Focus | Delve into Velocity's proactive approach to managing credit risks, including increased CECL reserves and effective resolution of delinquent loans |
Analyst Outlook | With a consensus price target of $21, analysts remain optimistic about Velocity's growth potential in the specialty lending secto |
Metrics to compare | VEL | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipVELPeersSector | |
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P/E Ratio | 9.1x | −6.4x | 9.7x | |
PEG Ratio | 0.34 | −0.12 | 0.03 | |
Price/Book | 1.2x | 0.4x | 1.0x | |
Price / LTM Sales | 3.7x | 1.5x | 2.9x | |
Upside (Analyst Target) | 10.1% | −26.1% | 10.0% | |
Fair Value Upside | Unlock | 1.2% | 0.9% | Unlock |