{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-271180","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2025-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.161392+00:00","generated_at":"2026-05-16T23:05:38.942974+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 $25.4M, up 60.6% YoY; diluted EPS $0.65","bullets":["Net income $25.4M, up 60.6% YoY; diluted EPS $0.65 vs $0.44 in 3Q24.","Core net income $26.9M, up 58.9%; core diluted EPS $0.69 vs $0.47.","Record loan production $739M, up 55%; includes $23.9M construction loan origination.","Portfolio NIM 3.65%, up 5 bps; NPL ratio 9.8% improved from 10.3% in 2Q25 and 10.6% in 3Q24.","Completed two securitizations in Q3: $190.9M single counterparty and $457.5M VCC 2025-4."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-271180","json":"https://secwatch.observer/filing/0001193125-25-271180.json","markdown":"https://secwatch.observer/filing/0001193125-25-271180.md","text":"https://secwatch.observer/filing/0001193125-25-271180.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000119312525271180/0001193125-25-271180-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000119312525271180/d31187d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:05:38.942974+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"}