CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 45,248	$ 35,965
Restricted cash	16,808	11,639
Loans held for sale, net		87,908
Loans held for investment, net	3,272,390	2,527,564
Loans held for investment, at fair value	276,095	1,359
Total loans, net	3,548,485	2,616,831
Accrued interest receivables	20,463	13,159
Receivables due from servicers	65,644	74,330
Other receivables	1,075	1,812
Real estate owned, net	13,325	17,557
Property and equipment, net	3,356	3,830
Deferred tax asset	5,033	16,604
Mortgage servicing rights, at fair value	9,238	7,152
Goodwill	6,775	6,775
Other assets	13,525	6,824
Total assets	3,748,975	2,812,478
LIABILITIES
Accounts payable and accrued expenses	91,525	92,195
Secured financing, net	209,846	162,845
Securitizations, net	2,736,290	1,911,879
Warehouse and repurchase facilities, net	330,814	301,069
Total liabilities	3,368,475	2,467,988
Commitments and contingencies
EQUITY
Common stock ($0.01 par value, 100,000,000 shares authorized; 32,523,516 and 32,293,042 shares issued, 32,489,869 and 32,293,042 shares outstanding at December 31, 2022 and 2021, respectively)	326	323
Treasury stock, at cost (33,647 common shares at December 31, 2022 and none at December 31, 2021)	(458)
Additional paid-in capital	300,310	296,364
Retained earnings	76,633	44,422
Total Velocity Financial Inc. stockholders' equity	376,811	341,109
Noncontrolling interest in subsidiary	3,689	3,381
Total equity	380,500	344,490
Total liabilities and equity	$ 3,748,975	$ 2,812,478