Velocity Financial VEL Q3 2025 Earnings Transcript

Moving to production and the loan portfolio, I mentioned a record level of production of $739 million, a 32% net increase in the portfolio year over year after netting out prepayments. In terms of nonperforming loans, that portfolio was pretty stable at 9.8%, down from 10.6%, within our expected range. As I mentioned earlier, we continue to see positive gains on resolved NPAs of$ 2.8 million, and our team has done a fantastic job there. Turning to financing and capital, I mentioned that first-ever single co ...