{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-000750","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2023-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.071590+00:00","generated_at":"2026-06-15T17:02:43.546099+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Velocity Financial Q1 net income $10.6M ($0.31 EPS); core EPS $0.33; loan production down 63% YoY","bullets":["GAAP net income $10.6M ($0.31 diluted EPS) vs $3.1M ($0.09) a year ago; core net income $11.4M ($0.33) vs $12.4M ($0.36).","Loan production volume $217M UPB, down 62.7% YoY due to strategic slowdown; total loan portfolio $3.6B, up 25% YoY.","Nonperforming loans as % of HFI improved to 8.7% from 9.8% a year ago; resolutions yielded 103.5% of UPB.","Completed VCC 2023-1 securitization of $198.7M in Jan; post-quarter issued VCC 2023-1R for $64.8M.","Book value per share $12.18, up from $10.90; liquidity $45.3M as of March 31, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-000750","json":"https://secwatch.observer/filing/0001157523-23-000750.json","markdown":"https://secwatch.observer/filing/0001157523-23-000750.md","text":"https://secwatch.observer/filing/0001157523-23-000750.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000115752323000750/0001157523-23-000750-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000115752323000750/a53393960.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T17:02:43.546099+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"34b9e8ed7acaefe01d315feb396bb2e2c7284a62","claim":"Velocity Financial, Inc. reported for the quarter ended March 31, 2023 results: net income $10.6 million, EPS $0.31 per share.","evidence_excerpt":"Velocity Financial, Inc. Reports First Quarter 2023 Results First Quarter Highlights: Net income of $10.6 million and diluted earnings per share (EPS) of $0.31","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692376/000115752323000750/0001157523-23-000750-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"for the quarter ended March 31, 2023"},{"label":"Net income","value":"$10.6 million"},{"label":"EPS","value":"$0.31 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}