Velocity Financial, Inc.
Close on Oct 19, 2026
- Market cap
- $570.30M
- P/E (TTM)
- 5.3
- Dividend yield
- –
About Velocity Financial
Finance Services, SIC 6199
Velocity Financial, Inc. originates and purchases real estate loans, primarily focusing on commercial and residential mortgage products. The company’s portfolio segments include commercial purchase and refinance loans, as well as one-to-four unit residential purchase, refinance, and short-term real estate financing receivables. It also holds loans classified for investment, loans held for sale, and mortgage servicing rights.
The company operates domestically within the United States. Its financing activities and loan assets include concentration risks in properties located across several states, notably California, New Jersey, Florida, Texas, and Arizona. Velocity Financial maintains corporate and financing operations funded through warehouse facilities, term repurchase agreements, and securitized trusts. The company’s headquarters location is not disclosed in the provided annual report excerpt.
Summary of the business section of Velocity Financial's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Velocity Financial, Inc.
- Headquarters
- Westlake Village, CA
- Address
- 2945 Townsgate Road, Suite 110 91361
- Phone
- (866) 505-3863
- Website
- velfinance.com
- Employees
- 371, Dec 31, 2025
- Industry
- Finance Services
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- RSM US LLP, Los Angeles, California
Stock & identifiers
- Ticker
- VEL
- Exchange
- NYSE
- IPO date
- Jan 17, 2020
- Shares outstanding
- 39M, Jul 31, 2026
- Public float
- $205.10M, Jun 30, 2025
- Filer category
- Accelerated filer<br>Smaller reporting company
- SEC CIK
- 1692376
- CUSIP
- 92262D101
- ISIN
- US92262D1019
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Christopher D. Farrar | Chief Executive Officer, Director | 1,036,716 |
| Mark R. Szczepaniak | Chief Financial Officer | 165,935 |
| Roland Thomas Kelly | Chief Legal Officer and GC | 98,139 |
| Fiona Tam | Chief Accounting Officer | 47,129 |
| Jeffrey T. Taylor | Executive VP, Capital Markets | 172,490 |
| Joy L. Schaefer | Director | 40,798 |
| John Pitstick | Director | 59,410 |
| Dorika M. Beckett | Director | 41,311 |
| III Holding LP LVS | Director | 10,963,806 |
| Iii Spe I. Llc Tobi | Director | 12,637,764 |
| Investment Management Co Llc Pacific | Director | – |
| Snow Phipps Group (B), L.P. | Director | – |
| SPG Co-Investment, L.P. | Director | – |
| Snow Phipps Group AIV, L.P. | Director | 13,165,542 |
| Snow Phipps Group AIV (Offshore), L.P. | Director | – |
| Snow Phipps Group (RPV), L.P. | Director | 12,272,765 |
| Spg Gp, Llc | Director | – |
| Ian K. Snow | Director | – |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. Farrar | $6.56M | $7.02M | $2.29M | $215 | – |
| FY2024 Mr. Farrar | $5.37M | $6.19M | $2.17M | $203 | – |
| FY2023 Mr. Farrar | $3.90M | $6.24M | $1.44M | $178 | – |
| FY2022 Mr. Farrar | $3.02M | $1.88M | $1.32M | $70 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had a total of 371 employees, an increase of 20% from the prior year .”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 13, 2025 | Listing | Registration of securities on an exchange (Form 8-A) |
| May 28, 2021 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Mar 31, 2020 | Late filing | Notification of late filing |
| Jan 17, 2020 | IPO | Initial public offering priced (424B4 prospectus) |
| Jan 17, 2020 | Listing | Registration of securities on an exchange (Form 8-A) |
| Jan 17, 2020 | Name change | Name changed from Velocity Financial, LLC to Velocity Financial, Inc. |