Velocity Financial (VEL) Q2 FY26 earnings call

Velocity Financial delivered a solid second quarter, marked by robust loan portfolio growth and effective non-performing loan resolution, driving a significant increase in book value per share. While GAAP net income saw a modest decline due to tax rate impacts, underlying business performance remained strong with healthy origination volumes and a diverse funding base. The company anticipates continued growth in origination volumes and earnings for the remainder of the year, supported by a stable credit environment and supportive capital markets.