{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-130708","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2024-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.629927+00:00","generated_at":"2026-06-02T23:12:49.369352+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Velocity Financial Q1 net income $17.3M, up 62% YoY; EPS $0.49","bullets":["Net income $17.3M ($0.49 diluted EPS) vs $10.6M ($0.31) in 1Q23; core net income $18.2M ($0.51).","Loan production $378.7M UPB, up 7.5% Q/Q and 74.5% YoY; April production $129M at 11.0% WAC.","Nonperforming loans 10.1% of HFI (up from 9.7% Dec 2023); NPL resolutions $54.5M at 102.3%.","Completed $209.9M VCC 2024-1 securitization and issued $75M senior secured notes; book value $14.01."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-130708","json":"https://secwatch.observer/filing/0001193125-24-130708.json","markdown":"https://secwatch.observer/filing/0001193125-24-130708.md","text":"https://secwatch.observer/filing/0001193125-24-130708.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000119312524130708/0001193125-24-130708-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000119312524130708/d828628d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:12:49.369352+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":"d10b08b518fd5f1678f1efca6142e8d2de7b559d","claim":"Velocity Financial, Inc. reported the quarter ended March 31, 2024 results: net income $17.3 million, EPS $0.49.","evidence_excerpt":"Net income of $17.3 million, up 62.0% from $10.6 million for 1Q23. Diluted EPS of $0.49, up $0.18 from $0.31 per share for 1Q23","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692376/000119312524130708/0001193125-24-130708-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"$17.3 million"},{"label":"EPS","value":"$0.49"},{"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"}