Velocity Financial reports Nov originations $117.7M; provides securitization ROE illustration

Velocity Financial, Inc.

November 2023 loan originations totaled $117.7M of unpaid principal balance.
November securitization (VCC 2023-4) included $229.5M collateralized UPB with $202.9M notes issued.
Company explains no dividend: prefers securitization growth illustrating marginal pre-tax ROE of ~31.7% on hypothetical $100M portfolio.
Hypothetical first-year pre-tax net operating income of $3.5M from $100M securitization.

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