$VEL
Velocity Financial, Inc. Stock $vel

$vel Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-K Financial Statement

#000095017023007616 Filed on March 13, 2023

Income Statement

Concept	2023 Q1	2022 Q4	2022
Revenue	$72.43M	$66.02M	$247.5M
YoY Change	28.0%	27.66%	30.33%
Cost Of Revenue	$6.412M	$3.243M	$12.30M
YoY Change	161.71%	30.82%	48.49%
Gross Profit	$66.02M	$62.78M	$235.2M
YoY Change	21.95%	27.51%	29.5%
Gross Profit Margin	91.15%	95.09%	95.03%
Selling, General & Admin	$11.41M	$13.32M	$44.44M
YoY Change	60.08%	94.01%	40.06%
% of Gross Profit	17.28%	21.22%	18.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$195.0K	$191.0K	$800.0K
YoY Change	-5.34%	-19.07%	-27.27%
% of Gross Profit	0.3%	0.3%	0.34%
Operating Expenses	$3.268M	$644.0K	$28.58M
YoY Change	-65.95%	-93.09%	0.83%
Operating Profit	$62.75M	$62.14M	$206.6M
YoY Change	40.89%	55.65%	34.81%
Interest Expense	-$46.17M	-$44.99M	-$157.2M
YoY Change	13.45%	59.96%	48.3%
% of Operating Profit	-73.57%	-72.41%	-76.1%
Other Income/Expense, Net	-$1.829M	-$551.0K	$70.00K
YoY Change	-1145.14%	32.45%	-102.22%
Pretax Income	$14.76M	$11.69M	$44.55M
YoY Change	267.0%	2.77%	11.96%
Income Tax	$4.021M	$3.465M	$12.03M
% Of Pretax Income	27.25%	29.64%	27.01%
Net Earnings	$10.65M	$8.462M	$32.21M
YoY Change	241.2%	1.3%	10.22%
Net Earnings / Revenue	14.7%	12.82%	13.02%
Basic Earnings Per Share	$0.33		$0.99
Diluted Earnings Per Share	$0.31	$0.25	$0.94
COMMON SHARES
Basic Shares Outstanding	32.62M	32.42M	31.91M
Diluted Shares Outstanding	34.05M		34.13M

Balance Sheet

Concept	2023 Q1	2022 Q4	2022
SHORT-TERM ASSETS
Cash & Short-Term Investments	$39.40M	$45.25M	$45.25M
YoY Change	7.56%	25.81%	25.81%
Cash & Equivalents	$39.40M	$45.25M	$45.25M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses		$1.843M
Receivables	$20.93M	$20.46M	$20.46M
Other Receivables	$0.00	$0.00	$176.0K
Total Short-Term Assets	$60.33M	$65.71M	$65.89M
YoY Change	18.76%	33.77%	33.67%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.209M	$3.356M	$5.780M
YoY Change	-13.04%	-12.38%	-23.69%
Goodwill	$6.775M	$6.775M
YoY Change	0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$19.18M	$21.84M	$22.34M
YoY Change	-29.78%	-22.67%	-22.28%
Total Long-Term Assets	$3.777B	$3.683B	$3.683B
YoY Change	23.47%	33.29%	33.29%
TOTAL ASSETS
Total Short-Term Assets	$60.33M	$65.71M	$65.89M
Total Long-Term Assets	$3.777B	$3.683B	$3.683B
Total Assets	$3.837B	$3.749B	$3.749B
YoY Change	23.39%	33.3%	33.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$84.98M	$91.53M	$88.83M
YoY Change	-8.4%	-0.73%	0.71%
Accrued Expenses			$2.700M
YoY Change			-32.5%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$84.98M	$91.53M	$91.53M
YoY Change	-8.4%	-0.73%	-0.73%
LONG-TERM LIABILITIES
Long-Term Debt	$3.361B	$3.277B	$3.277B
YoY Change	25.92%	37.93%	37.93%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$3.361B	$3.277B	$3.277B
YoY Change	25.92%	37.93%	37.93%
TOTAL LIABILITIES
Total Short-Term Liabilities	$84.98M	$91.53M	$91.53M
Total Long-Term Liabilities	$3.361B	$3.277B	$3.277B
Total Liabilities	$3.446B	$3.368B	$3.372B
YoY Change	24.77%	36.49%	36.45%
SHAREHOLDERS EQUITY
Retained Earnings	$87.28M	$76.63M
YoY Change	83.59%	72.51%
Common Stock	$328.0K	$326.0K
YoY Change	0.92%	0.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$1.294M	$458.0K
YoY Change	182.53%
Treasury Stock Shares
Shareholders Equity	$387.6M	$376.8M	$376.8M
YoY Change
Total Liabilities & Shareholders Equity	$3.837B	$3.749B	$3.749B
YoY Change	23.39%	33.3%	33.3%

Cashflow Statement

Concept	2023 Q1	2022 Q4	2022
OPERATING ACTIVITIES
Net Income	$10.65M	$8.462M	$32.21M
YoY Change	241.2%	1.3%	10.22%
Depreciation, Depletion And Amortization	$195.0K	$191.0K	$800.0K
YoY Change	-5.34%	-19.07%	-27.27%
Cash From Operating Activities	-$11.93M	$40.02M	$48.67M
YoY Change	-200.78%	121.73%	-15.53%
INVESTING ACTIVITIES
Capital Expenditures	$48.00K	$53.00K	$326.0K
YoY Change	-27.27%	-136.05%	141.48%
Acquisitions
YoY Change
Other Investing Activities	-$71.53M	-$89.12M	-$905.7M
YoY Change	-75.64%	-73.79%	38.03%
Cash From Investing Activities	-$71.58M	-$89.17M	-$908.2M
YoY Change	-75.63%	-73.79%	38.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			-$149.0K
YoY Change			-208.76%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	77.48M	70.31M	874.0M
YoY Change	-72.49%	-78.34%	39.58%
NET CHANGE
Cash From Operating Activities	-11.93M	40.02M	48.67M
Cash From Investing Activities	-71.58M	-89.17M	-908.2M
Cash From Financing Activities	77.48M	70.31M	874.0M
Net Change In Cash	-6.023M	21.15M	14.45M
YoY Change	4264.49%	738.99%	-47.08%
FREE CASH FLOW
Cash From Operating Activities	-$11.93M	$40.02M	$48.67M
Capital Expenditures	$48.00K	$53.00K	$326.0K
Free Cash Flow	-$11.98M	$39.97M	$48.35M
YoY Change	-201.75%	119.65%	-15.9%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
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CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
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CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2021Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	Entity File Number EntityFileNumber	001-39183
CY2022	dei	Entity Registrant Name EntityRegistrantName	Velocity Financial, Inc.
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	46-0659719
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	30699 Russell Ranch Road
CY2022	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 295
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	Westlake Village
CY2022	dei	Entity Address State Or Province EntityAddressStateOrProvince	CA
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	91362
CY2022	dei	City Area Code CityAreaCode	818
CY2022	dei	Local Phone Number LocalPhoneNumber	532-3700
CY2022	dei	Security12b Title Security12bTitle	Common stock, par value $0.01 per share
CY2022	dei	Trading Symbol TradingSymbol	VEL
CY2022	dei	Security Exchange Name SecurityExchangeName	NYSE
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CY2021Q4	us-gaap	Other Assets OtherAssets	6824000
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
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CY2022	dei	Auditor Location AuditorLocation	Los Angeles, California
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CY2021	vel	Net Earnings Attributable To Common Stockholders NetEarningsAttributableToCommonStockholders	20635000
CY2020	vel	Net Earnings Attributable To Common Stockholders NetEarningsAttributableToCommonStockholders	-31178000
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.99
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.90
CY2020	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.55
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.94
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.86
CY2020	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.55
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31913000
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22813000
CY2020	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20087000
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	34131000
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	33982000
CY2020	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20087000
CY2019Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	152844000
CY2020	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	247740000
CY2020	vel	Deemed Dividend On Convertible Preferred Stock DeemedDividendOnConvertiblePreferredStock	-48955000
CY2020	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	2158000
CY2020	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	965000
CY2020	us-gaap	Profit Loss ProfitLoss	17777000
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	219589000
CY2021	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	90144000
CY2021	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	1132000
CY2021	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	1020000
CY2021	us-gaap	Profit Loss ProfitLoss	29224000
CY2021	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	3381000
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	344490000
CY2022	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	607000
CY2022	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	458000
CY2022	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	3342000
CY2022	us-gaap	Profit Loss ProfitLoss	32519000
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	380500000
CY2022	us-gaap	Profit Loss ProfitLoss	32519000
CY2021	us-gaap	Profit Loss ProfitLoss	29224000
CY2020	us-gaap	Profit Loss ProfitLoss	17777000
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	796000
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1119000
CY2022	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	1320000
CY2021	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	1292000
CY2020	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	1667000
CY2020	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	1227000
CY2022	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	1152000
CY2021	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	-292000
CY2020	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	5068000
CY2022	us-gaap	Payments For Origination Of Mortgage Loans Held For Sale PaymentsForOriginationOfMortgageLoansHeldForSale	31255000
CY2020	us-gaap	Payments For Origination Of Mortgage Loans Held For Sale PaymentsForOriginationOfMortgageLoansHeldForSale	96064000
CY2022	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	32156000
CY2020	us-gaap	Proceeds From Sale Of Loans Held For Sale ProceedsFromSaleOfLoansHeldForSale	80858000
CY2021	us-gaap	Payments To Purchase Loans Held For Sale PaymentsToPurchaseLoansHeldForSale	1500000
CY2020	us-gaap	Payments To Purchase Loans Held For Sale PaymentsToPurchaseLoansHeldForSale	1232000
CY2021	vel	Repayments On Loans Held For Sale RepaymentsOnLoansHeldForSale	2673000
CY2020	vel	Repayments On Loans Held For Sale RepaymentsOnLoansHeldForSale	19415000
CY2022	vel	Net Accretion Of Discount On Purchased Loans And Deferred Loan Origination Costs NetAccretionOfDiscountOnPurchasedLoansAndDeferredLoanOriginationCosts	7009000
CY2021	vel	Net Accretion Of Discount On Purchased Loans And Deferred Loan Origination Costs NetAccretionOfDiscountOnPurchasedLoansAndDeferredLoanOriginationCosts	6519000
CY2020	vel	Net Accretion Of Discount On Purchased Loans And Deferred Loan Origination Costs NetAccretionOfDiscountOnPurchasedLoansAndDeferredLoanOriginationCosts	4587000
CY2022	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-175000
CY2021	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-80000
CY2020	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	871000
CY2022	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	3699000
CY2021	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	6776000
CY2020	us-gaap	Gain Loss On Sale Of Mortgage Loans GainLossOnSaleOfMortgageLoans	6911000
CY2022	vel	Real Estate Acquired Through Foreclosure In Excess Of Recorded Investment RealEstateAcquiredThroughForeclosureInExcessOfRecordedInvestment	3408000
CY2021	vel	Real Estate Acquired Through Foreclosure In Excess Of Recorded Investment RealEstateAcquiredThroughForeclosureInExcessOfRecordedInvestment	1117000
CY2020	vel	Real Estate Acquired Through Foreclosure In Excess Of Recorded Investment RealEstateAcquiredThroughForeclosureInExcessOfRecordedInvestment	665000
CY2022	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	28294000
CY2021	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	20224000
CY2020	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	16156000
CY2022	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-3000
CY2021	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-18000
CY2020	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-42000
CY2022	vel	Change In Valuation Of Real Estate Owned ChangeInValuationOfRealEstateOwned	364000
CY2021	vel	Change In Valuation Of Real Estate Owned ChangeInValuationOfRealEstateOwned	1759000
CY2020	vel	Change In Valuation Of Real Estate Owned ChangeInValuationOfRealEstateOwned	1734000
CY2022	vel	Increase Decrease In Valuation Of Fair Value Loans IncreaseDecreaseInValuationOfFairValueLoans	8265000
CY2021	vel	Increase Decrease In Valuation Of Fair Value Loans IncreaseDecreaseInValuationOfFairValueLoans	29000
CY2020	vel	Increase Decrease In Valuation Of Fair Value Loans IncreaseDecreaseInValuationOfFairValueLoans	442000
CY2021	vel	Increase Decrease In Valuation Of Held For Sale Loans IncreaseDecreaseInValuationOfHeldForSaleLoans	17000
CY2020	vel	Increase Decrease In Valuation Of Held For Sale Loans IncreaseDecreaseInValuationOfHeldForSaleLoans	328000
CY2022	vel	Increase Decrease In Valuation Of Mortage Servicing Rights IncreaseDecreaseInValuationOfMortageServicingRights	2086000
CY2022	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	2939000
CY2021	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	409000
CY2020	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	644000
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	3343000
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	2159000
CY2020	us-gaap	Share Based Compensation ShareBasedCompensation	965000
CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	11571000
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-9950000
CY2022	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	7421000
CY2021	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	3287000
CY2020	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	5603000
CY2022	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	8043000
CY2021	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	360000
CY2020	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	-4137000
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-2562000
CY2021	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	16452000
CY2020	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	11058000
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	48674000
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	57622000
CY2020	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	54892000
CY2022	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	18231000
CY2021	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	20586000
CY2020	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	3571000
CY2022	vel	Origination Of Loans Held For Investment OriginationOfLoansHeldForInvestment	1739572000
CY2021	vel	Origination Of Loans Held For Investment OriginationOfLoansHeldForInvestment	1344027000
CY2020	vel	Origination Of Loans Held For Investment OriginationOfLoansHeldForInvestment	343607000
CY2022	us-gaap	Proceeds From Sale Of Loans Held For Investment ProceedsFromSaleOfLoansHeldForInvestment	292472000
CY2021	us-gaap	Proceeds From Sale Of Loans Held For Investment ProceedsFromSaleOfLoansHeldForInvestment	135787000
CY2020	us-gaap	Proceeds From Sale Of Loans Held For Investment ProceedsFromSaleOfLoansHeldForInvestment	99601000
CY2022	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	541676000
CY2021	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	568837000
CY2020	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	341971000
CY2022	us-gaap	Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans	22497000
CY2021	us-gaap	Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans	9637000
CY2020	us-gaap	Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans	7469000
CY2022	vel	Purchase Of Real Estate Owned PurchaseOfRealEstateOwned	2250000
CY2021	vel	Payments For Capitalized Real Estate Owned Improvements PaymentsForCapitalizedRealEstateOwnedImprovements	194000
CY2020	vel	Payments For Capitalized Real Estate Owned Improvements PaymentsForCapitalizedRealEstateOwnedImprovements	846000
CY2022	vel	Proceeds Repayments From Advances For Construction ProceedsRepaymentsFromAdvancesForConstruction	-5414000
CY2021	vel	Proceeds Repayments From Advances For Construction ProceedsRepaymentsFromAdvancesForConstruction	-5429000
CY2020	vel	Proceeds Repayments From Advances For Construction ProceedsRepaymentsFromAdvancesForConstruction	-8709000
CY2022	vel	Increase Decrease In Impounds And Deposits IncreaseDecreaseInImpoundsAndDeposits	910000
CY2021	vel	Increase Decrease In Impounds And Deposits IncreaseDecreaseInImpoundsAndDeposits	9202000
CY2020	vel	Increase Decrease In Impounds And Deposits IncreaseDecreaseInImpoundsAndDeposits	-3843000
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	326000
CY2021	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	135000
CY2020	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	726000
CY2021	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	1180000
CY2021	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	10755000
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-908238000
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-656483000
CY2020	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	87739000
CY2022	vel	Proceeds From Warehouse Repurchase Facilities ProceedsFromWarehouseRepurchaseFacilities	1687005000
CY2021	vel	Proceeds From Warehouse Repurchase Facilities ProceedsFromWarehouseRepurchaseFacilities	1215971000
CY2020	vel	Proceeds From Warehouse Repurchase Facilities ProceedsFromWarehouseRepurchaseFacilities	420196000
CY2022	vel	Repayment Of Warehouse Repurchase Facilities RepaymentOfWarehouseRepurchaseFacilities	1658065000
CY2021	vel	Repayment Of Warehouse Repurchase Facilities RepaymentOfWarehouseRepurchaseFacilities	989374000
CY2020	vel	Repayment Of Warehouse Repurchase Facilities RepaymentOfWarehouseRepurchaseFacilities	766679000
CY2022	us-gaap	Proceeds From Repayments Of Secured Debt ProceedsFromRepaymentsOfSecuredDebt	215000000
CY2021	us-gaap	Proceeds From Repayments Of Secured Debt ProceedsFromRepaymentsOfSecuredDebt	175000000
CY2022	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	170844000
CY2021	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	82156000
CY2020	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	75000000
CY2022	vel	Proceeds Of Securitizations Net ProceedsOfSecuritizationsNet	1369985000
CY2021	vel	Proceeds Of Securitizations Net ProceedsOfSecuritizationsNet	977678000
CY2020	vel	Proceeds Of Securitizations Net ProceedsOfSecuritizationsNet	536687000
CY2022	vel	Repayment Of Securitizations RepaymentOfSecuritizations	543620000
CY2021	vel	Repayment Of Securitizations RepaymentOfSecuritizations	643500000
CY2020	vel	Repayment Of Securitizations RepaymentOfSecuritizations	398324000
CY2022	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	25594000
CY2021	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	27024000
CY2020	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	8869000
CY2022	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	458000
CY2020	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	41044000
CY2020	us-gaap	Proceeds From Issuance Of Warrants ProceedsFromIssuanceOfWarrants	2158000
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	607000
CY2021	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	137000
CY2020	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	100800000
CY2021	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	560000
CY2020	vel	Payment Of Initial Public Offering Deal Costs PaymentOfInitialPublicOfferingDealCosts	1903000
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	874016000
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	626172000
CY2020	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-149890000
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	14452000
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	27311000
CY2020	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-7259000
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	47604000
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	20293000
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	27552000
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	62056000
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	47604000
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	20293000
CY2022	us-gaap	Interest Paid Net InterestPaidNet	118711000
CY2021	us-gaap	Interest Paid Net InterestPaidNet	85019000
CY2020	us-gaap	Interest Paid Net InterestPaidNet	85407000
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	23039000
CY2021	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	9645000
CY2020	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	965000
CY2022	us-gaap	Transfer Of Loans Held For Sale To Portfolio Loans1 TransferOfLoansHeldForSaleToPortfolioLoans1	279233000
CY2021	us-gaap	Transfer Of Loans Held For Sale To Portfolio Loans1 TransferOfLoansHeldForSaleToPortfolioLoans1	205671000
CY2020	us-gaap	Transfer Of Loans Held For Sale To Portfolio Loans1 TransferOfLoansHeldForSaleToPortfolioLoans1	110678000
CY2022	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	10031000
CY2021	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	11466000
CY2020	us-gaap	Transfer To Other Real Estate TransferToOtherRealEstate	9747000
CY2022	vel	Capitalized Interest On Loans Held For Investment CapitalizedInterestOnLoansHeldForInvestment	1399000
CY2021	vel	Capitalized Interest On Loans Held For Investment CapitalizedInterestOnLoansHeldForInvestment	2046000
CY2020	vel	Capitalized Interest On Loans Held For Investment CapitalizedInterestOnLoansHeldForInvestment	7814000
CY2022	us-gaap	Transfer Of Portfolio Loans And Leases To Held For Sale1 TransferOfPortfolioLoansAndLeasesToHeldForSale1	77190000
CY2021	us-gaap	Transfer Of Portfolio Loans And Leases To Held For Sale1 TransferOfPortfolioLoansAndLeasesToHeldForSale1	11137000
CY2020	us-gaap	Transfer Of Portfolio Loans And Leases To Held For Sale1 TransferOfPortfolioLoansAndLeasesToHeldForSale1	213609000
CY2020	vel	Deferred Offering Costs Charged Against Additional Paid In Capital DeferredOfferingCostsChargedAgainstAdditionalPaidInCapital	-4000000
CY2022	us-gaap	Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction	23398000
CY2021	us-gaap	Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction	2051000
CY2021	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	90000000
CY2021	us-gaap	Noncash Or Part Noncash Acquisition Investments Acquired1 NoncashOrPartNoncashAcquisitionInvestmentsAcquired1	1181000
CY2021	us-gaap	Noncash Or Part Noncash Acquisition Fixed Assets Acquired1 NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1	688000
CY2021	vel	Noncash Or Part Noncash Acquisition Mortgage Servicing Rights NoncashOrPartNoncashAcquisitionMortgageServicingRights	7152000
CY2021	us-gaap	Noncash Or Part Noncash Acquisition Other Assets Acquired1 NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1	154000
CY2021	vel	Noncash Or Part Noncash Acquisition Goodwill NoncashOrPartNoncashAcquisitionGoodwill	6775000
CY2022Q4	us-gaap	Escrow Deposit EscrowDeposit	68500000
CY2021	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	1814000
CY2022	dei	Entity Incorporation Date Of Incorporation EntityIncorporationDateOfIncorporation	2012-07-09
CY2022Q4	us-gaap	Minimum Net Worth Required For Compliance MinimumNetWorthRequiredForCompliance	250000
CY2022	us-gaap	Use Of Estimates UseOfEstimates	<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Times New Roman", serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of consolidated income and expenses during the reporting period.</span></p>
CY2022Q4	vel	Securitizations Issued SecuritizationsIssued	3075047000
CY2022Q4	vel	Off Balance Sheet Assets Liabilities OffBalanceSheetAssetsLiabilities	0
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum	0.85
CY2021Q4	vel	Securitizations Issued SecuritizationsIssued	2172766000
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	45248000
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	35965000
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	13273000
CY2022Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	16808000
CY2021Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	11639000
CY2020Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	7020000
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	62056000
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	47604000
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	20293000
CY2020Q4	vel	Loans Held For Sale Principal Balance LoansHeldForSalePrincipalBalance	87422000
CY2021	vel	Loans Held For Sale Deferred Loan Origination Costs LoansHeldForSaleDeferredLoanOriginationCosts	-486000
CY2021Q4	us-gaap	Loans Receivable Held For Sale Amount LoansReceivableHeldForSaleAmount	87908000
CY2022Q4	vel	Loans Held For Sale Other LoansHeldForSaleOther	0
CY2022Q4	us-gaap	Financing Receivable Recorded Investment Nonaccrual Status FinancingReceivableRecordedInvestmentNonaccrualStatus	295339000
CY2022Q4	us-gaap	Financing Receivable Nonaccrual No Allowance FinancingReceivableNonaccrualNoAllowance	282777000
CY2022Q4	vel	Financing Receivable Nonaccrual With Allowance For Loan Loss FinancingReceivableNonaccrualWithAllowanceForLoanLoss	12562000
CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1	1096000
CY2022Q4	us-gaap	Financing Receivable Nonaccrual Percent Past Due1 FinancingReceivableNonaccrualPercentPastDue1	0.087
CY2021Q4	us-gaap	Financing Receivable Recorded Investment Nonaccrual Status FinancingReceivableRecordedInvestmentNonaccrualStatus	276418000
CY2021Q4	us-gaap	Financing Receivable Nonaccrual No Allowance FinancingReceivableNonaccrualNoAllowance	263026000
CY2021Q4	vel	Financing Receivable Nonaccrual With Allowance For Loan Loss FinancingReceivableNonaccrualWithAllowanceForLoanLoss	13392000
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1	1406000
CY2021Q4	us-gaap	Financing Receivable Nonaccrual Percent Past Due1 FinancingReceivableNonaccrualPercentPastDue1	0.105
CY2021Q4	us-gaap	Financing Receivable Modifications Recorded Investment FinancingReceivableModificationsRecordedInvestment	165000
CY2022	vel	Financing Receivable Amortized Cost FinancingReceivableAmortizedCost	3277284000
CY2022	us-gaap	Financing Receivable Accrued Interest Writeoff FinancingReceivableAccruedInterestWriteoff	-4872000
CY2021	vel	Financing Receivable Amortized Cost FinancingReceivableAmortizedCost	2531826000
CY2021	us-gaap	Financing Receivable Accrued Interest Writeoff FinancingReceivableAccruedInterestWriteoff	-4679000
CY2022	us-gaap	Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeCashBasisMethod	27300000
CY2021	us-gaap	Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeCashBasisMethod	31200000
CY2021	us-gaap	Financing Receivable Nonaccrual Interest Income FinancingReceivableNonaccrualInterestIncome	0
CY2022	us-gaap	Financing Receivable Nonaccrual Interest Income FinancingReceivableNonaccrualInterestIncome	0
CY2022	us-gaap	Impaired Financing Receivable With No Related Allowance Average Recorded Investment ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment	269400000
CY2021	us-gaap	Impaired Financing Receivable With No Related Allowance Average Recorded Investment ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment	311200000
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	4262000
CY2022	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	1152000
CY2022	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	521000
CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	4893000
CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1	1096000
CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment	3797000
CY2022Q4	vel	Financing Receivable Individually Evaluated For Impairment Amortized Cost FinancingReceivableIndividuallyEvaluatedForImpairmentAmortizedCost	295339000
CY2022Q4	vel	Financing Receivable Collectively Evaluated For Impairment Amortized Cost FinancingReceivableCollectivelyEvaluatedForImpairmentAmortizedCost	2981945000
CY2020Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	5845000
CY2021	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	-292000
CY2021	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	1291000
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	4262000
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1	1406000
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment	2856000
CY2021Q4	vel	Financing Receivable Individually Evaluated For Impairment Amortized Cost FinancingReceivableIndividuallyEvaluatedForImpairmentAmortizedCost	276418000
CY2021Q4	vel	Financing Receivable Collectively Evaluated For Impairment Amortized Cost FinancingReceivableCollectivelyEvaluatedForImpairmentAmortizedCost	2255408000
CY2022	vel	Recovery Rate On Long Term Nonperforming Assets RecoveryRateOnLongTermNonperformingAssets	1.067
CY2021	vel	Recovery Rate On Long Term Nonperforming Assets RecoveryRateOnLongTermNonperformingAssets	1.042
CY2020	vel	Recovery Rate On Long Term Nonperforming Assets RecoveryRateOnLongTermNonperformingAssets	1.031
CY2022	vel	Recovery Rate On Short Term Nonperforming Assets RecoveryRateOnShortTermNonperformingAssets	1.070
CY2021	vel	Recovery Rate On Short Term Nonperforming Assets RecoveryRateOnShortTermNonperformingAssets	1.027
CY2022	vel	Aggregate Cost Of Mortgage Loans Federal Income Tax AggregateCostOfMortgageLoansFederalIncomeTax	3553379000
CY2021	vel	Aggregate Cost Of Mortgage Loans Federal Income Tax AggregateCostOfMortgageLoansFederalIncomeTax	2621093000
CY2022Q4	vel	Unpaid Principal Balance UnpaidPrincipalBalance	168400000
CY2021Q4	vel	Unpaid Principal Balance UnpaidPrincipalBalance	155100000
CY2022Q4	vel	Loan Principal Payments Due From Servicers Current LoanPrincipalPaymentsDueFromServicersCurrent	25064000
CY2022Q4	vel	Other Loan Servicing Receivables Current OtherLoanServicingReceivablesCurrent	15616000
CY2022Q4	vel	Loan Servicing Receivables Current LoanServicingReceivablesCurrent	40680000
CY2022Q4	vel	Corporate And Escrow Advances Receivable Current CorporateAndEscrowAdvancesReceivableCurrent	24964000
CY2022Q4	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	65644000
CY2021Q4	vel	Loan Principal Payments Due From Servicers Current LoanPrincipalPaymentsDueFromServicersCurrent	43509000
CY2021Q4	vel	Other Loan Servicing Receivables Current OtherLoanServicingReceivablesCurrent	11448000
CY2021Q4	vel	Loan Servicing Receivables Current LoanServicingReceivablesCurrent	54957000
CY2021Q4	vel	Corporate And Escrow Advances Receivable Current CorporateAndEscrowAdvancesReceivableCurrent	19373000
CY2021Q4	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	74330000
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	10256000
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	11282000
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	6900000
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	7452000
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3356000
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3830000
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	800000
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1100000
CY2020	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1200000
CY2021Q4	us-gaap	Other Real Estate OtherRealEstate	17557000
CY2020Q4	us-gaap	Other Real Estate OtherRealEstate	15767000
CY2022	us-gaap	Other Real Estate Additions OtherRealEstateAdditions	13439000
CY2021	us-gaap	Other Real Estate Additions OtherRealEstateAdditions	12583000
CY2021	us-gaap	Other Real Estate Improvements OtherRealEstateImprovements	194000
CY2022	us-gaap	Other Real Estate Disposals OtherRealEstateDisposals	19558000
CY2021	us-gaap	Other Real Estate Disposals OtherRealEstateDisposals	9228000
CY2022	us-gaap	Other Real Estate Period Increase Decrease OtherRealEstatePeriodIncreaseDecrease	2250000
CY2022	us-gaap	Other Real Estate Valuation Adjustments OtherRealEstateValuationAdjustments	363000
CY2021	us-gaap	Other Real Estate Valuation Adjustments OtherRealEstateValuationAdjustments	1759000
CY2022Q4	us-gaap	Other Real Estate OtherRealEstate	13325000
CY2021Q4	us-gaap	Other Real Estate OtherRealEstate	17557000
CY2022	vel	Other Real Estate Operating Income OtherRealEstateOperatingIncome	-275000
CY2021	vel	Other Real Estate Operating Income OtherRealEstateOperatingIncome	-451000
CY2020	vel	Other Real Estate Operating Income OtherRealEstateOperatingIncome	-444000
CY2021	vel	Other Real Estate Operating Expenses OtherRealEstateOperatingExpenses	-2251000
CY2022	vel	Other Real Estate Operating Expenses OtherRealEstateOperatingExpenses	-2781000
CY2021Q4	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	7152000
CY2021	vel	Servicing Asset At Fair Value Acquired ServicingAssetAtFairValueAcquired	7152000
CY2020	vel	Other Real Estate Operating Expenses OtherRealEstateOperatingExpenses	-2010000
CY2022	us-gaap	Other Real Estate Valuation Adjustments OtherRealEstateValuationAdjustments	363000
CY2021	us-gaap	Other Real Estate Valuation Adjustments OtherRealEstateValuationAdjustments	1759000
CY2020	us-gaap	Other Real Estate Valuation Adjustments OtherRealEstateValuationAdjustments	1734000
CY2022	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	2939000
CY2021	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	409000
CY2020	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	644000
CY2022	vel	Other Real Estate Net OtherRealEstateNet	70000
CY2021	vel	Other Real Estate Net OtherRealEstateNet	-3150000
CY2020	vel	Other Real Estate Net OtherRealEstateNet	-2656000
CY2022	vel	Gross Gains On Sales Of Properties Sold Other Real Estate GrossGainsOnSalesOfPropertiesSoldOtherRealEstate	31
CY2022	vel	Gross Gains On Sales Of Other Real Estate GrossGainsOnSalesOfOtherRealEstate	3401000
CY2021	vel	Gross Gains On Sales Of Properties Sold Other Real Estate GrossGainsOnSalesOfPropertiesSoldOtherRealEstate	23
CY2021	vel	Gross Gains On Sales Of Other Real Estate GrossGainsOnSalesOfOtherRealEstate	972000
CY2020	vel	Gross Gains On Sales Of Properties Sold Other Real Estate GrossGainsOnSalesOfPropertiesSoldOtherRealEstate	14
CY2020	vel	Gross Gains On Sales Of Other Real Estate GrossGainsOnSalesOfOtherRealEstate	837000
CY2022	vel	Gross Losses On Sales Of Properties Sold Other Real Estate GrossLossesOnSalesOfPropertiesSoldOtherRealEstate	12
CY2022	vel	Gross Losses On Sales Of Other Real Estate GrossLossesOnSalesOfOtherRealEstate	462000
CY2021	vel	Gross Losses On Sales Of Properties Sold Other Real Estate GrossLossesOnSalesOfPropertiesSoldOtherRealEstate	14
CY2021	vel	Gross Losses On Sales Of Other Real Estate GrossLossesOnSalesOfOtherRealEstate	563000
CY2020	vel	Gross Losses On Sales Of Properties Sold Other Real Estate GrossLossesOnSalesOfPropertiesSoldOtherRealEstate	9
CY2020	vel	Gross Losses On Sales Of Other Real Estate GrossLossesOnSalesOfOtherRealEstate	193000
CY2022	vel	Total Sales Of Properties Sold Other Real Estate TotalSalesOfPropertiesSoldOtherRealEstate	43
CY2022	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	2939000
CY2021	vel	Total Sales Of Properties Sold Other Real Estate TotalSalesOfPropertiesSoldOtherRealEstate	37
CY2021	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	409000
CY2020	vel	Total Sales Of Properties Sold Other Real Estate TotalSalesOfPropertiesSoldOtherRealEstate	23
CY2020	us-gaap	Gains Losses On Sales Of Other Real Estate GainsLossesOnSalesOfOtherRealEstate	644000
CY2022Q4	vel	Servicing Asset At Unpaid Principal Balance Amount ServicingAssetAtUnpaidPrincipalBalanceAmount	491900000
CY2021Q4	vel	Servicing Asset At Unpaid Principal Balance Amount ServicingAssetAtUnpaidPrincipalBalanceAmount	520600000
CY2022	us-gaap	Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Discount Rate ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueDiscountRate	0.081
CY2021	us-gaap	Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Discount Rate ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueDiscountRate	0.080
CY2022	us-gaap	Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Prepayment Speed ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValuePrepaymentSpeed	0.063
CY2021	us-gaap	Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Prepayment Speed ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValuePrepaymentSpeed	0.032
CY2022	vel	Servicing Rights Fair Value Adjustments ServicingRightsFairValueAdjustments	2086000
CY2022Q4	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	9238000
CY2021Q4	us-gaap	Servicing Asset At Fair Value Amount ServicingAssetAtFairValueAmount	7152000
CY2022	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0
CY2022Q4	us-gaap	Goodwill Goodwill	6775000
CY2022	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0
CY2021	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	6775000
CY2022Q4	us-gaap	Goodwill Goodwill	6775000
CY2021Q4	us-gaap	Goodwill Goodwill	6775000
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	1843000
CY2021Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	1628000
CY2022Q4	vel	Interest Only Strips And Deposits InterestOnlyStripsAndDeposits	176000
CY2021Q4	vel	Interest Only Strips And Deposits InterestOnlyStripsAndDeposits	166000
CY2022Q4	us-gaap	Other Deferred Costs Net OtherDeferredCostsNet	501000
CY2021Q4	us-gaap	Other Deferred Costs Net OtherDeferredCostsNet	502000
CY2022Q4	us-gaap	Income Tax Receivable IncomeTaxReceivable	8301000
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2424000
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3744000
CY2022Q4	vel	Appraisal Fees For Loans In Process AppraisalFeesForLoansInProcess	-58000
CY2021Q4	vel	Appraisal Fees For Loans In Process AppraisalFeesForLoansInProcess	479000
CY2022Q4	vel	Retained Beneficial Interest Other Assets RetainedBeneficialInterestOtherAssets	338000
CY2021Q4	vel	Retained Beneficial Interest Other Assets RetainedBeneficialInterestOtherAssets	305000
CY2022Q4	us-gaap	Other Assets OtherAssets	13525000
CY2021Q4	us-gaap	Other Assets OtherAssets	6824000
CY2022Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0588
CY2021Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0586
CY2020Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0601
CY2022Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2400000
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3700000
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	2700000
CY2021Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	4000000.0
CY2022	us-gaap	Operating Lease Expense OperatingLeaseExpense	1700000
CY2021	us-gaap	Operating Lease Expense OperatingLeaseExpense	1800000
CY2020	us-gaap	Operating Lease Expense OperatingLeaseExpense	1500000
CY2022Q4	vel	Capitalized Issuance Costs CapitalizedIssuanceCosts	31092000
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	1632000
CY2021	us-gaap	Operating Lease Payments OperatingLeasePayments	1626000
CY2020	us-gaap	Operating Lease Payments OperatingLeasePayments	1524000
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	26000
CY2021	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	256000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	1514000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1209000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	170000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	105000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	53000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	290000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	3341000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	691000
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	2650000
CY2022Q4	vel	Securities Issued On Real Estate SecuritiesIssuedOnRealEstate	4820036000
CY2022Q4	vel	Securities Retained On Real Estate As Of Issuance Date SecuritiesRetainedOnRealEstateAsOfIssuanceDate	468076000
CY2022Q4	vel	Securities Retained On Real Estate Net SecuritiesRetainedOnRealEstateNet	236515000
CY2021Q4	vel	Securities Retained On Real Estate Net SecuritiesRetainedOnRealEstateNet	206515000
CY2022Q4	vel	Securitizations Outstanding Bond Balance SecuritizationsOutstandingBondBalance	2788909000
CY2021Q4	vel	Securitizations Outstanding Bond Balance SecuritizationsOutstandingBondBalance	1939146000
CY2022Q4	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	21527000
CY2021Q4	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	4273000
CY2021Q4	vel	Capitalized Issuance Costs CapitalizedIssuanceCosts	22994000
CY2022	vel	Lines Of Credit Fund Maximum Percentage Of Principle Balance Of Mortgage Loans LinesOfCreditFundMaximumPercentageOfPrincipleBalanceOfMortgageLoans	1
CY2022Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	331740000
CY2022Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	831818000
CY2021Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	302800000
CY2021Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	653000000
CY2022	vel	Debt Instrument Average Rate DebtInstrumentAverageRate	0.0522
CY2021	vel	Debt Instrument Average Rate DebtInstrumentAverageRate	0.0423
CY2020	vel	Debt Instrument Average Rate DebtInstrumentAverageRate	0.0431
CY2022	vel	Debt Issuance Cost Amortization Percentage DebtIssuanceCostAmortizationPercentage	0.0062
CY2021	vel	Debt Issuance Cost Amortization Percentage DebtIssuanceCostAmortizationPercentage	0.0105
CY2020	vel	Debt Issuance Cost Amortization Percentage DebtIssuanceCostAmortizationPercentage	0.0066
CY2022	us-gaap	Interest Expense Now Accounts Money Market Accounts And Savings Deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits	127723000
CY2021	us-gaap	Interest Expense Now Accounts Money Market Accounts And Savings Deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits	85386000
CY2020	us-gaap	Interest Expense Now Accounts Money Market Accounts And Savings Deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits	87826000
CY2022	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	29472000
CY2021	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	20609000
CY2020	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	12049000
CY2022	us-gaap	Interest Expense Debt InterestExpenseDebt	157195000
CY2021	us-gaap	Interest Expense Debt InterestExpenseDebt	105995000
CY2020	us-gaap	Interest Expense Debt InterestExpenseDebt	99875000
CY2018Q1	us-gaap	Income Tax Examination Increase Decrease In Liability From Prior Year IncomeTaxExaminationIncreaseDecreaseInLiabilityFromPriorYear	5500000
CY2022	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-90000
CY2021	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	15042000
CY2020	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	4454000
CY2022	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	552000
CY2021	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	5477000
CY2020	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	-769000
CY2022	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	462000
CY2021	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	20519000
CY2020	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	3685000
CY2022	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	8553000
CY2021	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-7362000
CY2020	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	564000
CY2022	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	3018000
CY2021	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-2588000
CY2020	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	1103000
CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	11571000
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-9950000
CY2020	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	1667000
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	12033000
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	10569000
CY2020	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5352000
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2021	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2020	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2022	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.063
CY2021	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.056
CY2020	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.086
CY2022	vel	Effective Income Tax Rate Reconciliation Permanent Items Percent EffectiveIncomeTaxRateReconciliationPermanentItemsPercent	0.002
CY2021	vel	Effective Income Tax Rate Reconciliation Permanent Items Percent EffectiveIncomeTaxRateReconciliationPermanentItemsPercent	0.001
CY2020	vel	Effective Income Tax Rate Reconciliation Permanent Items Percent EffectiveIncomeTaxRateReconciliationPermanentItemsPercent	0.001
CY2020	vel	Effective Income Tax Rate Reconciliation Federal True Ups Percent EffectiveIncomeTaxRateReconciliationFederalTrueUpsPercent	0.005
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits EffectiveIncomeTaxRateReconciliationTaxCredits	0.003
CY2021	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits EffectiveIncomeTaxRateReconciliationTaxCredits	0.002
CY2020	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits EffectiveIncomeTaxRateReconciliationTaxCredits	0.004
CY2020	vel	Effective Income Tax Rate Reconciliation Change In Unrecognized Tax Benefit EffectiveIncomeTaxRateReconciliationChangeInUnrecognizedTaxBenefit	-0.079
CY2021	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	0.001
CY2020	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	0.012
CY2022	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.272
CY2021	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.266
CY2020	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.231
CY2021Q4	us-gaap	Deferred Tax Assets Hedging Transactions DeferredTaxAssetsHedgingTransactions	10433000
CY2022Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	8451000
CY2022Q4	vel	Deferred Tax Assets Mark To Market Loans DeferredTaxAssetsMarkToMarketLoans	355000
CY2021Q4	vel	Deferred Tax Assets Mark To Market Loans DeferredTaxAssetsMarkToMarketLoans	7066000
CY2022Q4	us-gaap	Deferred Tax Assets Deferred Gain On Sale Leaseback Transaction DeferredTaxAssetsDeferredGainOnSaleLeasebackTransaction	783000
CY2021Q4	us-gaap	Deferred Tax Assets Deferred Gain On Sale Leaseback Transaction DeferredTaxAssetsDeferredGainOnSaleLeasebackTransaction	1151000
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	1485000
CY2021Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	888000
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals	283000
CY2021Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals	226000
CY2022Q4	us-gaap	Deferred Tax Assets Goodwill And Intangible Assets DeferredTaxAssetsGoodwillAndIntangibleAssets	5000
CY2021Q4	us-gaap	Deferred Tax Assets Goodwill And Intangible Assets DeferredTaxAssetsGoodwillAndIntangibleAssets	7000
CY2021Q4	vel	Deferredtaxassetsrealestateowned Deferredtaxassetsrealestateowned	225000
CY2022Q4	us-gaap	Deferred Tax Assets State Taxes DeferredTaxAssetsStateTaxes	696000
CY2022Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	154000
CY2021Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	82000
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	12212000
CY2021Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	20078000
CY2022Q4	vel	Deferred Tax Liabilities Hedging Transactions DeferredTaxLiabilitiesHedgingTransactions	-4941000
CY2022Q4	vel	Deferred Tax Liabilities Right Of Use Assets DeferredTaxLiabilitiesRightOfUseAssets	717000
CY2021Q4	vel	Deferred Tax Liabilities Right Of Use Assets DeferredTaxLiabilitiesRightOfUseAssets	1064000
CY2022Q4	us-gaap	Deferred Tax Liabilities Deferred Expense Deferred Financing Costs DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts	138000
CY2021Q4	us-gaap	Deferred Tax Liabilities Deferred Expense Deferred Financing Costs DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts	1306000
CY2022Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	595000
CY2021Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	710000
CY2022Q4	vel	Deferred Tax Liabilities Real Estate Owned DeferredTaxLiabilitiesRealEstateOwned	30000
CY2021Q4	vel	Deferred Tax Liabilities Deferred State Tax DeferredTaxLiabilitiesDeferredStateTax	394000
CY2022Q4	us-gaap	Deferred Tax Liabilities Mortgage Servicing Rights DeferredTaxLiabilitiesMortgageServicingRights	758000
CY2022Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	7179000
CY2021Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	3474000
CY2022Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	5033000
CY2021Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	16604000
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	0
CY2021Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	0
CY2022Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1900000
CY2021Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1900000
CY2020Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1900000
CY2022Q4	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	1500000
CY2022Q4	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	100000
CY2021Q4	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	100000
CY2020Q4	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	-500000
CY2022	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Expense UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense	600000
CY2021	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Expense UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense	600000
CY2021Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1911000
CY2020Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1860000
CY2022	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	68000
CY2021	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	49000
CY2022	us-gaap	Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions	19000
CY2021	us-gaap	Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions	2000
CY2022	us-gaap	Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations	58000
CY2022Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1940000
CY2021Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	1911000
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	785000
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.89
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	785000
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.89
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P7Y1M6D
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	42000
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	523333
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	12.89
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P7Y1M6D
CY2022Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	28000
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	261667
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	12.89
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P7Y1M6D
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue	14000
CY2020Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	785000
CY2020Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.89
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	785000
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.89
CY2021	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P8Y1M6D
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	93000
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	261667
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	12.89
CY2021	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P8Y1M6D
CY2021Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	31000
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber	523333
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice	12.89
CY2021	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1	P8Y1M6D
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue	62000
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1	P3Y
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Method Of Measuring Cost Of Award ShareBasedCompensationArrangementByShareBasedPaymentAwardMethodOfMeasuringCostOfAward	Compensation expense related to stock options is based on the fair value of the underlying stock on the award date and is recognized over the vesting period using the straight-line method.
CY2022Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares	261667
CY2021Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares	523333
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice	12.89
CY2022Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	52000.0
CY2022	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P0Y2M4D
CY2021Q1	us-gaap	Stock Issued During Period Shares Restricted Stock Award Gross StockIssuedDuringPeriodSharesRestrictedStockAwardGross	480000
CY2022Q1	us-gaap	Stock Issued During Period Shares Restricted Stock Award Gross StockIssuedDuringPeriodSharesRestrictedStockAwardGross	125250
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	102750
CY2022	us-gaap	Stock Issued During Period Shares Employee Stock Purchase Plans StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans	74009
CY2022	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	3100000
CY2021	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	2100000
CY2022Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	33647
CY2022Q1	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	13.61
	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	0
CY2022	us-gaap	Net Income Loss NetIncomeLoss	32211000
CY2021	us-gaap	Net Income Loss NetIncomeLoss	29224000
CY2020	us-gaap	Net Income Loss NetIncomeLoss	17777000
CY2020	us-gaap	Dividends Preferred Stock Stock DividendsPreferredStockStock	48955000
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	32211000
CY2021	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	29224000
CY2020	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-31178000
CY2022	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	491000
CY2021	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	8589000
CY2022	vel	Net Earnings Attributable To Common Stockholders NetEarningsAttributableToCommonStockholders	31720000
CY2021	vel	Net Earnings Attributable To Common Stockholders NetEarningsAttributableToCommonStockholders	20635000
CY2020	vel	Net Earnings Attributable To Common Stockholders NetEarningsAttributableToCommonStockholders	-31178000
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31913000
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22813000
CY2020	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20087000
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.99
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.90
CY2020	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.55
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	32211000
CY2021	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	20635000
CY2020	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-31178000
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	31913000
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22813000
CY2020	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20087000
CY2021	us-gaap	Incremental Common Shares Attributable To Conversion Of Preferred Stock IncrementalCommonSharesAttributableToConversionOfPreferredStock	8989000
CY2022	vel	Dilutive Effect Of Warrants DilutiveEffectOfWarrants	2025000
CY2021	vel	Dilutive Effect Of Warrants DilutiveEffectOfWarrants	1974000
CY2022	vel	Diluted Effect Of Stock Option DilutedEffectOfStockOption	5000
CY2021	vel	Diluted Effect Of Stock Option DilutedEffectOfStockOption	3000
CY2022	vel	Diluted Effect Of Unvested Restricted Stock Awards DilutedEffectOfUnvestedRestrictedStockAwards	188000
CY2021	vel	Diluted Effect Of Unvested Restricted Stock Awards DilutedEffectOfUnvestedRestrictedStockAwards	203000
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	34131000
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	33982000
CY2020	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20087000
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.94
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.86
CY2020	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.55
CY2020	us-gaap	Defined Contribution Plan Employer Discretionary Contribution Amount DefinedContributionPlanEmployerDiscretionaryContributionAmount	476000
CY2022	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	773000
CY2021	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	773000
CY2020	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	15486000
CY2022Q4	vel	Percentage Of Common Stock Held By Warrant Holder And Affiliates PercentageOfCommonStockHeldByWarrantHolderAndAffiliates	0.49
CY2022Q4	vel	Repurchase Liability RepurchaseLiability	124000
CY2021Q4	vel	Repurchase Liability RepurchaseLiability	141000
CY2022	us-gaap	Defined Contribution Plan Employer Discretionary Contribution Amount DefinedContributionPlanEmployerDiscretionaryContributionAmount	794000
CY2021	us-gaap	Defined Contribution Plan Employer Discretionary Contribution Amount DefinedContributionPlanEmployerDiscretionaryContributionAmount	579000
CY2022	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	1421000
CY2021	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	661000
CY2020	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	578000
CY2022	vel	Data Processing And Telecommunications Expenses DataProcessingAndTelecommunicationsExpenses	3022000
CY2021	vel	Data Processing And Telecommunications Expenses DataProcessingAndTelecommunicationsExpenses	2476000
CY2020	vel	Data Processing And Telecommunications Expenses DataProcessingAndTelecommunicationsExpenses	2150000
CY2022	vel	Office Expenses OfficeExpenses	1161000
CY2021	vel	Office Expenses OfficeExpenses	1396000
CY2020	vel	Office Expenses OfficeExpenses	1579000
CY2022	us-gaap	Taxes And Licenses TaxesAndLicenses	2452000
CY2021	us-gaap	Taxes And Licenses TaxesAndLicenses	2457000
CY2020	us-gaap	Taxes And Licenses TaxesAndLicenses	2179000
CY2022	vel	Other Operating Expense OtherOperatingExpense	3000000
CY2021	vel	Other Operating Expense OtherOperatingExpense	1498000
CY2020	vel	Other Operating Expense OtherOperatingExpense	1914000
CY2022	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	11056000
CY2021	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	8488000
CY2020	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	8400000
CY2022Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	310124000
CY2021Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	125477000
CY2022Q4	us-gaap	Financing Receivable Individually Evaluated For Impairment FinancingReceivableIndividuallyEvaluatedForImpairment	11500000
CY2021Q4	us-gaap	Financing Receivable Individually Evaluated For Impairment FinancingReceivableIndividuallyEvaluatedForImpairment	12000000.0
CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1	1100000
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1	1400000
CY2022Q4	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	65632000
CY2022Q3	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	63419000
CY2022Q2	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	59243000
CY2022Q1	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	52049000
CY2021Q4	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	49360000
CY2021Q3	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	46923000
CY2021Q2	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	44978000
CY2021Q1	us-gaap	Interest And Fee Income Loans And Leases Held In Portfolio InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio	40707000
CY2022Q4	us-gaap	Interest Expense Now Accounts Money Market Accounts And Savings Deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits	40854000
CY2022Q3	us-gaap	Interest Expense Now Accounts Money Market Accounts And Savings Deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits	34561000
CY2022Q2	us-gaap	Interest Expense Now Accounts Money Market Accounts And Savings Deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits	28752000
CY2022Q1	us-gaap	Interest Expense Now Accounts Money Market Accounts And Savings Deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits	23556000
CY2021Q4	us-gaap	Interest Expense Now Accounts Money Market Accounts And Savings Deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits	23666000
CY2021Q3	us-gaap	Interest Expense Now Accounts Money Market Accounts And Savings Deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits	20321000
CY2021Q2	us-gaap	Interest Expense Now Accounts Money Market Accounts And Savings Deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits	20566000
CY2021Q1	us-gaap	Interest Expense Now Accounts Money Market Accounts And Savings Deposits InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits	20832000
CY2022Q4	vel	Interest Income Now Accounts Money Market Accounts And Savings Deposits Net InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet	24778000
CY2022Q3	vel	Interest Income Now Accounts Money Market Accounts And Savings Deposits Net InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet	28858000
CY2022Q2	vel	Interest Income Now Accounts Money Market Accounts And Savings Deposits Net InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet	30491000
CY2022Q1	vel	Interest Income Now Accounts Money Market Accounts And Savings Deposits Net InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet	28493000
CY2021Q4	vel	Interest Income Now Accounts Money Market Accounts And Savings Deposits Net InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet	25694000
CY2021Q3	vel	Interest Income Now Accounts Money Market Accounts And Savings Deposits Net InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet	26602000
CY2021Q2	vel	Interest Income Now Accounts Money Market Accounts And Savings Deposits Net InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet	24412000
CY2021Q1	vel	Interest Income Now Accounts Money Market Accounts And Savings Deposits Net InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet	19875000
CY2022Q4	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	4139000
CY2022Q3	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	4011000
CY2022Q2	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	4182000
CY2022Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	17140000
CY2021Q4	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	4462000
CY2021Q3	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	4488000
CY2021Q2	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	4309000
CY2021Q1	us-gaap	Interest Expense Borrowings InterestExpenseBorrowings	7350000
CY2022Q4	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	20639000
CY2022Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	24847000
CY2022Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	26309000
CY2022Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	11353000
CY2021Q4	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	21232000
CY2021Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	22114000
CY2021Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	20103000
CY2021Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	12525000
CY2022Q4	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	-437000
CY2022Q3	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	580000
CY2022Q2	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	279000
CY2022Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	730000
CY2021Q4	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	377000
CY2021Q3	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	228000
CY2021Q2	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	-1000000
CY2021Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	105000
CY2022Q4	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	21076000
CY2022Q3	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	24267000
CY2022Q2	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	26030000
CY2022Q1	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	10623000
CY2021Q4	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	20855000
CY2021Q3	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	21886000
CY2021Q2	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	21103000
CY2021Q1	us-gaap	Interest Income Expense After Provision For Loan Loss InterestIncomeExpenseAfterProvisionForLoanLoss	12420000
CY2022Q4	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	11029000
CY2022Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	2509000
CY2022Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	3039000
CY2022Q1	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	5648000
CY2021Q4	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	2617000
CY2021Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	339000
CY2021Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	2432000
CY2021Q1	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	2801000
CY2022Q4	us-gaap	Noninterest Expense NoninterestExpense	20413000
CY2022Q3	us-gaap	Noninterest Expense NoninterestExpense	12727000
CY2022Q2	us-gaap	Noninterest Expense NoninterestExpense	14279000
CY2022Q1	us-gaap	Noninterest Expense NoninterestExpense	12250000
CY2021Q4	us-gaap	Noninterest Expense NoninterestExpense	12095000
CY2021Q3	us-gaap	Noninterest Expense NoninterestExpense	11298000
CY2021Q2	us-gaap	Noninterest Expense NoninterestExpense	10650000
CY2021Q1	us-gaap	Noninterest Expense NoninterestExpense	10617000
CY2022Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	11692000
CY2022Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	14049000
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	14790000
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	4021000
CY2021Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	11377000
CY2021Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	10927000
CY2021Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	12885000
CY2021Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	4604000
CY2022Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3465000
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3759000
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4019000
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	790000
CY2021Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3024000
CY2021Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2905000
CY2021Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3432000
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1208000
CY2022Q4	us-gaap	Profit Loss ProfitLoss	8227000
CY2022Q3	us-gaap	Profit Loss ProfitLoss	10290000
CY2022Q2	us-gaap	Profit Loss ProfitLoss	10771000
CY2022Q1	us-gaap	Profit Loss ProfitLoss	3231000
CY2021Q4	us-gaap	Profit Loss ProfitLoss	8353000
CY2021Q3	us-gaap	Profit Loss ProfitLoss	8022000
CY2021Q2	us-gaap	Profit Loss ProfitLoss	9453000
CY2021Q1	us-gaap	Profit Loss ProfitLoss	3396000
CY2022Q4	us-gaap	Income Loss From Continuing Operations Attributable To Noncontrolling Entity IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity	-235000
CY2022Q3	us-gaap	Income Loss From Continuing Operations Attributable To Noncontrolling Entity IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity	307000
CY2022Q2	us-gaap	Income Loss From Continuing Operations Attributable To Noncontrolling Entity IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity	126000
CY2022Q1	us-gaap	Income Loss From Continuing Operations Attributable To Noncontrolling Entity IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity	110000
CY2022Q4	us-gaap	Net Income Loss NetIncomeLoss	8462000
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	9983000
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	10645000
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	3121000
CY2021Q4	us-gaap	Net Income Loss NetIncomeLoss	8353000
CY2021Q3	us-gaap	Net Income Loss NetIncomeLoss	8022000
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	9453000
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	3396000

Files In Submission

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$VEL
Velocity Financial, Inc. Stock $vel

2023 Q1 Form 10-K Financial Statement

#000095017023007616 Filed on March 13, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VEL Velocity Financial, Inc. Stock $vel

2023 Q1 Form 10-K Financial Statement

#000095017023007616 Filed on March 13, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VEL
Velocity Financial, Inc. Stock $vel