Velocity Financial, Inc. (VEL)

10.86 -0.44 (-3.89%) At close: 04:00PM 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
Industry: Mortgage Finance
Full-time employees: 194

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Christopher D. Farrar	Co-Founder, CEO, Pres & Director	1.88M	N/A	1967
Mr. Mark R. Szczepaniak	Chief Financial Officer	1.04M	N/A	1958
Mr. Jeffrey T. Taylor	Exec. VP of Capital Markets	830.05k	N/A	1969
Ms. Fiona Tam	Chief Accounting Officer	N/A	N/A	1971
Mr. Christopher J. Oltmann	Corp. Treasurer & Director of Investor Relations	N/A	N/A	1966
Mr. Roland Thomas Kelly	Chief Legal Officer, Gen. Counsel & Corp. Sec.	N/A	N/A	1971

Amounts are as of 31 December 2022, 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. The company originates and acquire loans, which is secured by 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. It 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. The company offers its products through a network of independent mortgage brokers for independent real estate investors and small business owners. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.

Corporate governance

Velocity Financial, Inc.’s ISS governance QualityScore as of 1 October 2023 is 2. The pillar scores are Audit: 8; Board: 2; Shareholder rights: 1; Compensation: 2.

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.