---
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"
generated_at: "2026-05-30T02:53:23.338351+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Velocity Financial Q3 net income $15.8M (+30.8% YoY); EPS $0.44; loan production up 64%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-254173
- JSON: https://secwatch.observer/filing/0001193125-24-254173.json
- Plain text: https://secwatch.observer/filing/0001193125-24-254173.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.