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VELOCITY FINANCIAL INC

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About VEL

Velocity Financial, Inc. is a vertically integrated real estate finance company that primarily originates and manages business purpose loans secured by 1-4-unit residential rental and small commercial properties. It originates loans nationwide across its network of independent mortgage brokers. The Company's portfolio provides loans held for investment. The Company’s typical investor real estate loan is secured by a first lien on the underlying property with the added protection of a personal guarantee. Its portfolio of loans held for investment totaled $4.1 billion of unpaid principal balance (UPB) on properties in 45 states and the District of Columbia. The Company funds its portfolio primarily through a combination of committed and uncommitted secured warehouse facilities, securitized debt, corporate debt and equity.

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Market Capitalisation

$631.68M

Price-earnings ratio

-

Dividend yield

0.00%

Volume

19.14K

High today

$19.36

Low today

$19.03

Open price

$19.36

52-week high

$20.37

52-week low

$10.57

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VEL FAQs

Yes, the Stake platform allows you to buy VEL shares and over 12,000 stocks and ETFs across the ASX and Wall St.

One share of VELOCITY FINANCIAL INC is valued at $19.17.

The ticker symbol for VELOCITY FINANCIAL INC is VEL.

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The VELOCITY FINANCIAL INC 52-week high stock price is $20.37.

The VELOCITY FINANCIAL INC 52-week low stock price is $10.57.

As of 27/07/2024 VELOCITY FINANCIAL INC has a market cap of $631.68M.

This does not constitute financial advice. You should do your own research before making an investment decision. Past performance is not a reliable indication of future performance. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.

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