Non - Performing Loan Resolution
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Velocity Financial VEL Q3 2025 Earnings Transcript
Yahoo Finance· 2025-11-07 23:32
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 ...