Velocity Mortgage Capital

OverviewSuggest Edit

Velocity Mortgage Capital is a real estate finance company. It is focused on financing residential investment, multi-family, mixed-use, and commercial properties. Velocity Mortgage Capital's mortgage programs are designed for independent real estate investors and small business owners who often don’t qualify for traditional bank loans.

TypePublic
Founded2004
HQWestlake Village, CA, US
Websitevelocitymortgage.com
Employee Ratings3.3

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Latest Updates

Employees (est.) (Sept 2019)259(+6%)
Revenue (FY, 2018)$127.5 M(+28%)
Share Price (Sept 2021)$13(-1%)
Cybersecurity ratingAMore

Key People/Management at Velocity Mortgage Capital

Chris Farrar

Chris Farrar

CEO
Graham Comley

Graham Comley

Chief Information Officer
Michael Oddi

Michael Oddi

Chief Marketing Officer
Evan Terry

Evan Terry

Chief Analytics Officer
Christopher Oltmann

Christopher Oltmann

Chief Accounting Officer and Director of Investor Relations
Mark R. Szczepaniak

Mark R. Szczepaniak

Chief Financial Officer
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Velocity Mortgage Capital Office Locations

Velocity Mortgage Capital has offices in Westlake Village, Austin, Fort Washington, Foxborough and in 3 other locations
Westlake Village, CA, US (HQ)
30699 Russell Ranch Road, Suite 295
Austin, TX, US
7000 N Mopac Expy #365
Fort Washington, PA, US
Highland Office Center, 550 Pinetown Rd #170
Foxborough, MA, US
2 Hampshire Street #102
Irvine, CA, US
250 Commerce #210
Miami, FL, US
9155 S Dadeland Blvd #1412
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Velocity Mortgage Capital Financials and Metrics

Velocity Mortgage Capital Revenue

Velocity Mortgage Capital's revenue was reported to be $127.53 m in FY, 2018 which is a 27.7% increase from the previous period.
USD

Net income (FY, 2020)

17.8m

Market capitalization (8-Sept-2021)

270.8m

Closing stock price (8-Sept-2021)

13.0

Cash (31-Dec-2020)

13.3m
Velocity Mortgage Capital's current market capitalization is $270.8 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2020

Revenue

79.1m99.8m127.5m

Revenue growth, %

26%28%

Cost of goods sold

52.3m61.7m76.1m

Gross profit

26.8m38.1m51.4m
Quarterly
USDQ2, 2018Q3, 2018Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

37.2m33.4m31.1m40.2m1.6m

Cost of goods sold

23.9m20.0m17.7m26.0m

Gross profit

13.3m13.4m13.4m14.2m

Gross profit Margin, %

36%40%43%35%
Annual
USDFY, 2017FY, 2018FY, 2020

Cash

15.4m15.0m13.3m

Accounts Receivable

4.1m

PP&E

5.8m5.5m4.1m

Total Assets

1.4b1.7b2.1b
Quarterly
USDQ2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

14.1m8.8m7.6m9.8m

Accounts Receivable

2.5m4.6m

PP&E

5.0m4.9m5.0m4.7m

Total Assets

1.9b2.1b2.3b2.2b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2020

Net Income

6.8m14.0m10.5m17.8m

Depreciation and Amortization

514.0k1.2m1.4m1.2m

Accounts Payable

3.0m9.2m265.0k11.1m

Cash From Operating Activities

29.8m37.6m(72.5m)54.9m
Quarterly
USDQ2, 2018Q3, 2018Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

5.3m8.6m8.2m12.1m2.6m4.7m

Depreciation and Amortization

705.0k1.1m671.0k1.0m303.0k606.0k

Accounts Payable

(1.9m)(240.0k)5.3m12.0m433.0k3.2m

Cash From Operating Activities

(36.6m)(21.1m)9.2m(77.2m)1.4m23.7m
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Velocity Mortgage Capital Operating Metrics

FY, 2016FY, 2017Q2, 2018Q3, 2018FY, 2018Q2, 2019Q3, 2019

Investor 1-4 Loans to Date

$1.8 b$1.9 b

Investor 1-4 Loans to Date, units

6.5 k7 k

Loans Originated

$348.42 m$554.71 m$318.29 m$526.27 m$737.3 m$412.86 m$691.1 m

Loans Originated, units

1.1 k1.81 k1.01 k1.67 k2.33 k1.3 k2.13 k
Show all operating metrics

Velocity Mortgage Capital Acquisitions / Subsidiaries

Company NameDateDeal Size
VCC Mortgage Securities, LLC
Velocity Commercial Capital, LLC
Velocity Commercial Capital Loan Trust 2014-1
Velocity Commercial Capital Loan Trust 2015-1
Velocity Commercial Capital Loan Trust 2016-1
Velocity Commercial Capital Loan Trust 2016-2
Velocity Commercial Capital Loan Trust 2017-1
Velocity Commercial Capital Loan Trust 2017-2
Velocity Commercial Capital Loan Trust 2018-1
Velocity Commercial Capital Loan Trust 2018-2
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Velocity Mortgage Capital Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Velocity Mortgage Capital Online and Social Media Presence

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Velocity Mortgage Capital Blogs

Connect to the Power of Search Engine Marketing

Create compelling, effective search engine ads that grow your business. The post Connect to the Power of Search Engine Marketing appeared first on velocity mortgage capital.

Velocity Mortgage Capital Frequently Asked Questions

  • When was Velocity Mortgage Capital founded?

    Velocity Mortgage Capital was founded in 2004.

  • Who are Velocity Mortgage Capital key executives?

    Velocity Mortgage Capital's key executives are Chris Farrar, Graham Comley and Michael Oddi.

  • How many employees does Velocity Mortgage Capital have?

    Velocity Mortgage Capital has 259 employees.

  • Who are Velocity Mortgage Capital competitors?

    Competitors of Velocity Mortgage Capital include Centricity, Arrow Capital Partners and Guild Mortgage.

  • Where is Velocity Mortgage Capital headquarters?

    Velocity Mortgage Capital headquarters is located at 30699 Russell Ranch Road, Suite 295, Westlake Village.

  • Where are Velocity Mortgage Capital offices?

    Velocity Mortgage Capital has offices in Westlake Village, Austin, Fort Washington, Foxborough and in 3 other locations.

  • How many offices does Velocity Mortgage Capital have?

    Velocity Mortgage Capital has 7 offices.