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Velocity Financial, LLC

17.44
+0.05000.29%
Post-market: 17.440.00000.00%16:07 EDT
Volume:59.82K
Turnover:1.04M
Market Cap:636.22M
PE:9.12
High:17.59
Open:17.41
Low:17.32
Close:17.39
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Company Profile

Company Name:
Velocity Financial, LLC
Exchange:
NYSE
Establishment Date:
2004
Employees:
309
Office Location:
2945 Townsgate Road,Suite 110,Westlake Village,California,United States
Zip Code:
91361
Fax:
- -
Introduction:
Velocity Financial, Inc. operates as a real estate finance company in the United States. The company originates and acquire loans, which is secured by mortgage liens on income-producing and/or owner/user commercial properties, including investor 1-4, a non-owner occupied residential rental properties with 1-4 units; residential apartments combined with office or retail space; and multi-family comprising traditional apartment buildings, condominiums, and other residential properties with 5+ units. It also finances for retail properties with various types of retail products and merchandise or services; commercial properties occupied by professional or business offices; and warehouse and other properties, which include self-storage units, auto services, hospitality, light industrial, and other commercial enterprises, as well as provides short-term and interest-only loans for acquisition and improvement of 1-4-unit residential properties. The company offers its products through a network of independent mortgage brokers for independent real estate investors and small business owners. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.

Directors

Name
Position
Christopher D. Farrar
Chief Executive Officer and Director
Alan H. Mantel
Independent Board Chair
Daniel J. Ballen
Independent Director
Dorika M. Beckett
Independent Director
John A. Pless
Independent Director
John P. Pitstick
Independent Director
Joy L. Schaefer
Independent Director

Shareholders

Name
Position
Christopher D. Farrar
Chief Executive Officer and Director
Mark R. Szczepaniak
Chief Financial Officer
Jeffrey T. Taylor
Executive Vice President, Capital Markets
Roland T. Kelly
General Counsel and Corporate Secretary