CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 39,397	$ 45,248
Restricted cash	16,636	16,808
Loans held for sale, at fair value	18,081
Loans held for investment, net	3,169,280	3,272,390
Loans held for investment, at fair value	450,732	276,095
Total loans, net	3,638,093	3,548,485
Accrued interest receivables	20,931	20,463
Receivables due from servicers	64,133	65,644
Other receivables	2,188	1,075
Real estate owned, net	21,778	13,325
Property and equipment, net	3,209	3,356
Deferred tax asset	2,543	5,033
Mortgage servicing rights, at fair value	9,143	9,238
Goodwill	6,775	6,775
Other assets	12,268	13,525
Total assets	3,837,094	3,748,975
LIABILITIES
Accounts payable and accrued expenses	84,976	91,525
Secured financing, net	210,155	209,846
Securitizations, net	2,657,469	2,736,290
Securitizations, at fair value	194,941
Warehouse and repurchase facilities, net	298,313	330,814
Total liabilities	3,445,854	3,368,475
Commitments and contingencies
EQUITY
Common stock ($0.01 par value, 100,000,000 shares authorized; 32,721,653 and 32,523,516 shares issued, 32,602,432 and 32,489,869 shares outstanding at March 31, 2023 and December 31, 2022, respectively)	328	326
Treasury stock, at cost (119,221 and 33,647 common shares at March 31, 2023 and December 31, 2022, respectively)	(1,294)	(458)
Additional paid-in capital	301,308	300,310
Retained earnings	87,282	76,633
Total Velocity Financial Inc. stockholders' equity	387,624	376,811
Noncontrolling interest in subsidiary	3,616	3,689
Total equity	391,240	380,500
Total liabilities and equity	$ 3,837,094	$ 3,748,975