{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-369585","form_type":"8-K","ticker":"VEL","cik":"0001692376","company_name":"Velocity Financial, Inc.","filed_at":"2026-08-27T11:42:00+00:00","discovered_at":"2026-08-27T11:45:00.593557+00:00","generated_at":"2026-08-27T11:45:08.486894+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Velocity to acquire Toorak's operating platform; $3.2B total transaction value","bullets":["Base purchase price ~$62M plus tangible book value for Toorak's platform; total platform+portfolio value ~$3.2B.","Toorak's $3B BPL loan portfolio sold to third-party firm; Velocity to manage it and sell future production.","Expected close Q4 2026; accretive to GAAP earnings in 2027; adds UK presence and RTL/DSCR products.","Toorak CEO John Beacham to become EVP of VCC; Toorak remains as subsidiary under VCC."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-369585","json":"https://secwatch.observer/filing/0001193125-26-369585.json","markdown":"https://secwatch.observer/filing/0001193125-26-369585.md","text":"https://secwatch.observer/filing/0001193125-26-369585.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692376/000119312526369585/0001193125-26-369585-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692376/000119312526369585/d277042d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-27T11:45:08.486894+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"}