Velocity Financial, Inc. VEL

Velocity Financial is buying Toorak Capital’s lending platform in a $3.2B transaction that would sharply expand originations and servicing.

WESTLAKE VILLAGE, Calif., August 27, 2026--Velocity Financial, Inc. (NYSE: VEL; "Velocity" or the "Company") today announced a definitive agreement to acquire the operating platform of Toorak Capital LLC ("Toorak"), a business-purpose lending and asset management platform which is majority owned by funds advised by affiliates of KKR, a leading global investment firm. Toorak has also entered into separate agreements with a third-party investment firm for the purchase of Toorak’s existing portfoli

Velocity Financial Inc (VEL) reports robust core net income of $27.9 million and 19% portfolio growth, while navigating a higher tax rate and elevated leverage.

WESTLAKE VILLAGE, Calif., August 05, 2026--Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leader in business purpose loans, reported net income of $25.2 million and core net income of $27.9 million for 2Q26, compared to $26.0 million and $27.5 million, respectively, for 2Q25. Earnings and core earnings per diluted share were $0.64 and $0.71 for 2Q26, compared to $0.69 and $0.73, respectively, for 2Q25.

WESTLAKE VILLAGE, Calif., July 22, 2026--Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in investor real estate loans, will release its second quarter 2026 results after the market close on Wednesday, August 5, 2026. 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.

WESTLAKE VILLAGE, Calif., July 03, 2026--Velocity Financial, Inc. (NYSE: VEL) ("Velocity" or the "Company"), a leader in investor real estate loans, today announced that Kroll Bond Rating Agency ("KBRA") has reviewed the ratings on 30 of the outstanding securitizations issued by its wholly-owned subsidiary, Velocity Commercial Capital, LLC ("VCC"), resulting in 379 rating affirmations and 27 rating upgrades of the underlying tranches. These rating actions occurred in conjunction with KBRA’s comp

WESTLAKE VILLAGE, Calif., June 02, 2026--Velocity Financial, Inc. (NYSE:VEL) ("Velocity" or "Company"), a leader in investor real estate loans, today announced the appointment of Dean Thevaos as Chief Technology Officer, effective June 1. Thevaos will lead Velocity’s technology and engineering organization, with a mandate to modernize the company’s platform, deepen its product capabilities, and build the operational infrastructure that supports efficient, scalable growth.

Moby summary of Velocity Financial, Inc.'s Q1 2026 earnings call

Velocity Financial Inc (VEL) reports a 52% increase in core net income and strategic partnerships, despite challenges in the lending market.

Moby summary of Velocity Financial, Inc.'s Q4 2025 earnings call