{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-254173","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2024-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.247817+00:00","generated_at":"2026-05-30T02:53:23.338351+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 Q3 net income $15.8M (+30.8% YoY); EPS $0.44; loan production up 64%","bullets":["Net income $15.8M, diluted EPS $0.44, up from $0.35 YoY; core net income $16.9M, core EPS $0.47.","Loan production $476.8M in UPB, up 12.9% QoQ and 64.1% YoY; record full-year funding expected.","Nonperforming loans 10.6% of HFI (vs 10.1% YoY); resolution gains $2.3M at 103.4% UPB.","Portfolio NIM 3.60% (+26 bps YoY); completed VCC 2024-4 securitization $253.6M at 6.9% rate.","Book value per share $14.91, up 14.7% YoY; recourse debt/equity 1.5x."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-254173","json":"https://secwatch.observer/filing/0001193125-24-254173.json","markdown":"https://secwatch.observer/filing/0001193125-24-254173.md","text":"https://secwatch.observer/filing/0001193125-24-254173.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000119312524254173/0001193125-24-254173-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000119312524254173/d906292d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T02:53:23.338351+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}