{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-111126","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2025-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.361210+00:00","generated_at":"2026-05-22T22:54:54.906834+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Q1 net income rises 9.5% YoY to $18.9M; record loan production $640.4M","bullets":["Diluted EPS $0.51 ($0.55 core), up from $0.49 ($0.51 core) in 1Q24.","Record loan production of $640.4M UPB, up 69.1% YoY.","Portfolio NIM 3.35%, flat YoY; NPL ratio 10.8% vs 10.1% a year ago.","GAAP book value per share $16.19, up 15.6% from $14.01 in 1Q24.","Completed VCC 2025-1 securitization ($342.8M) and collapsed VCC 2023-1R, releasing $52.6M."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-111126","json":"https://secwatch.observer/filing/0001193125-25-111126.json","markdown":"https://secwatch.observer/filing/0001193125-25-111126.md","text":"https://secwatch.observer/filing/0001193125-25-111126.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000119312525111126/0001193125-25-111126-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000119312525111126/d939111d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T22:54:54.906834+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"}