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VEL| Name | Value |
|---|---|
| Revenues | 93.7M |
| Cost of Revenue | 8.1M |
| Gross Profit | 85.6M |
| Operating Expense | 3.6M |
| Operating I/L | 82.0M |
| Other Income/Expense | -59.6M |
| Interest Income | 86.3M |
| Pretax | 22.3M |
| Income Tax Expense | 5.1M |
| Net Income/Loss | 17.4M |
Velocity Financial, Inc. is a real estate finance company in the United States, specializing in originating and managing investor loans secured by 14 unit residential rental and small commercial properties. The company generates revenue by offering its products through a network of independent mortgage brokers, providing financing solutions for real estate investors. With a focus on residential rental and small commercial properties, Velocity Financial, Inc. plays a key role in facilitating real estate investment by providing accessible financing options for investors through its broker network.
