VEL Stock Analysis
VE
Uncovered
Velocity Financial Inc is uncovered by Eyestock quantitative analysis.
Upside
To determine whether the current price is a reasonable to buy a stock, we compare it to our estimate of fair value. The more undervalued a stock is, the higher the upside.
Overvalued
Velocity Financial, Inc. operates a real estate finance company. The company is headquartered in Westlake Village, California and currently employs 194 full-time employees. The company went IPO on 2020-01-17. The firm primarily originate and manage investor loans secured by one-to-four unit residential rental and commercial properties, which it refers to collectively as investor real estate loans. The company originates loans nationwide across its network of independent mortgage brokers. The firm's portfolio includes loans held for investment and loans held for sale. Its loan is secured by a first lien on the underlying property with the added protection of a personal guarantee. Its loan portfolio totaled $2.1 billion of unpaid principal balance (UPB) on properties in 45 states and the District of Columbia. The firm funds its portfolio primarily through a combination of committed and uncommitted secured warehouse facilities, securitizations, corporate debt and equity. The firm's primary products is a 30-year amortizing term loan with a three-year fixed-rate period which floats at a spread to the prime rate.