Velocity Financial, Inc. (VEL)
Velocity Financial, Inc. operates in the Financial - Mortgages industry of the Financial Services sector, headquartered in Westlake Village, CA, US. The stock last traded at $18.16, down 0.47% on the session, giving a market capitalisation of $712.7M. On trailing twelve-month figures it carries a trailing P/E of 6.53, a net margin of 15.4%. Its beta of 0.70 implies it has historically moved less than the broad market.
Operating across the United States, Velocity Financial, Inc. functions as a specialized real estate finance firm. Its core business involves generating and overseeing investment loans, which are typically secured by 1-4 unit residential rental properties and smaller commercial real estate assets. The company delivers its financial offerings to clients via an extensive network of independent mortgage brokers. Velocity Financial, Inc. was established in 2004 and is headquartered in Westlake Village, California.
Velocity Financial, Inc. is most often compared with the following Financial Services names: