CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 47,366	$ 40,566
Restricted cash	32,293	21,361
Loans held for sale, at fair value		17,590
Loans held for investment, net	2,619,619	2,828,123
Loans held for investment, at fair value	1,971,683	1,306,072
Total loans, net	4,591,302	4,151,785
Accrued interest receivables	31,124	27,028
Receivables due from servicers	82,359	85,077
Other receivables	6,566	8,763
Real estate owned, net	50,757	44,268
Property and equipment, net	1,912	2,785
Deferred tax asset	1,144	2,339
Mortgage servicing rights, at fair value	12,229	8,578
Goodwill	6,775	6,775
Other assets	9,566	5,248
Total assets	4,873,393	4,404,573
LIABILITIES
Accounts payable and accrued expenses	138,033	121,969
Secured financing, net	283,909	211,083
Securitized debt, net	2,228,941	2,418,811
Securitized debt, at fair value	1,509,952	877,417
Warehouse and repurchase facilities, net	237,437	334,755
Fair Value	374	3,665
Total liabilities	4,398,646	3,967,700
Commitments and contingencies
EQUITY
Common stock ($0.01 par value, 100,000,000 shares authorized; 33,314,197 and 32,987,248 shares issued, 33,098,635 and 32,865,836 shares outstanding as of June 30, 2024 and December 31, 2023, respectively)	335	331
Additional paid-in capital	311,324	306,736
Retained earnings	160,935	128,906
Treasury stock, at cost (215,562 and 121,412 common shares as of June 30, 2024 and December 31, 2023, respectively)	(2,869)	(1,319)
Accumulated other comprehensive income (loss)	1,598	(1,210)
Total Velocity Financial Inc. stockholders' equity	471,323	433,444
Noncontrolling interest in subsidiary	3,424	3,429
Total equity	474,747	436,873
Total liabilities and equity	$ 4,873,393	$ 4,404,573