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Velocity Financial, Inc. (VEL)

NYSE - NYSE Delayed price. Currency in USD
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18.19+0.20 (+1.11%)
At close: 04:00PM EDT
18.19 -0.15 (-0.82%)
After hours: 04:02PM EDT

Velocity Financial, Inc.

30699 Russell Ranch Road
Suite 295
Westlake Village, CA 91362
United States
818 532 3700
https://www.velfinance.com

Sector(s)Financial Services
IndustryMortgage Finance
Full-time employees253

Key executives

NameTitlePayExercisedYear born
Mr. Christopher D. FarrarCo-Founder, CEO, President & Director2.48MN/A1967
Mr. Mark R. SzczepaniakChief Financial Officer1.17MN/A1958
Mr. Jeffrey T. TaylorExecutive Vice President of Capital Markets929.19kN/A1969
Mr. Joseph A. CowellChief Operating Officer420.6kN/A1981
Ms. Fiona TamChief Accounting OfficerN/AN/A1971
Mr. Christopher J. OltmannCorporate Treasurer & Director of Investor RelationsN/AN/A1966
Mr. Roland Thomas KellyChief Legal Officer, General Counsel & Corporate SecretaryN/AN/A1971
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

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.

Corporate governance

Velocity Financial, Inc.’s ISS governance QualityScore as of 1 May 2024 is 1. The pillar scores are Audit: 7; Board: 2; Shareholder rights: 1; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.