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Velocity reports earnings growth, strong loan demand
Velocity Financial saw its net income spike when it reported its first quarter financial earnings on May 6. The Westlake Village-based real estate financial company recorded a net income of $3.4 million and core income of $6.72 million, or 10 cents and 20 cents per diluted share. In 2020, the company had a net income Read More →
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Velocity Financial recovers from pandemic with strong fourth quarter
Velocity Financial saw its net income increase slightly from 2019 to 2020, even though the company’s loan production operations were suspended for more than half the year. The Westlake Village-based real estate finance company saw its net income go up 3%, from $17.3 million in 2019 to $17.8 million in 2020, according to earnings released Read More →
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