Percentage points added to the reference rate to compute the variable rate on the debt instrument.

No definition available.

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- Definition

The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR.

+ References

No definition available.

+ Details

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- Definition

Face (par) amount of debt instrument at time of issuance.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
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Period Type:	instant

- Definition

Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 6
-Subparagraph (a)
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-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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- Definition

Contractual interest rate for funds borrowed, under the debt agreement.

+ References

+ Details

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

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Period Type:	duration

- Definition

Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
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Balance Type:	na
Period Type:	duration

- Definition

Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities.

+ References

+ Details

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- Definition

Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

+ References

No definition available.

+ Details

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- Definition

Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.

+ References

+ Details

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- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

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+ Details

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Balance Type:	credit
Period Type:	instant

- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

+ References

+ Details

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- Definition

The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3291-108585

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- Definition

Carrying amount of collateralized debt obligations with maturities initially due after one year or beyond the operating cycle, if longer, excluding the current portion. Obligations include, but not limited to, mortgage loans, chattel loans, and other borrowings secured by assets.

+ References

+ Details

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Balance Type:	credit
Period Type:	instant

- Definition

Agreement entering date.

+ References

No definition available.

+ Details

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Data Type:	xbrli:dateItemType
Balance Type:	na
Period Type:	duration

- Definition

Debt instrument interest rate floor.

+ References

No definition available.

+ Details

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Namespace Prefix:	vel_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

- Definition

Debt instrument maturity month year.

+ References

No definition available.

+ Details

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Namespace Prefix:	vel_
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Balance Type:	na
Period Type:	duration

- Definition

Lines of credit fund maximum percentage of principle balance of mortgage loans.

+ References

No definition available.

+ Details

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Other Debt - Additional Information (Details) - USD ($)				1 Months Ended	3 Months Ended	6 Months Ended
Other Debt - Additional Information (Details) - USD ($)	Dec. 26, 2019	Aug. 29, 2019	Sep. 12, 2018	Jan. 31, 2020	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Debt Instrument [Line Items]
Lines of credit fund maximum percentage of principle balance of mortgage loans						100.00%
Repayment of term loans						$ 75,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, term			3 years
Debt instrument, description					one-month LIBOR
Debt instrument, spread rate				3.50%
Line of credit, maximum capacity			$ 50,000,000
Line of credit, outstanding amount						$ 0
Corporate Debt Agreement \| Owl Rock Capital Corporation \| 2019 Term Loan
Debt Instrument [Line Items]
Debt instrument, term		5 years
Debt instrument, face amount		$ 153,000,000
Debt instrument, description						one-month LIBOR
Debt instrument, maturity month year		2024-08
Term loans, balance						$ 78,000,000	$ 153,000,000
Repayment of term loans				$ 75,000,000
Debt issuance costs, net						3,400,000	7,400,000
Corporate Debt Agreement \| Owl Rock Capital Corporation \| 2019 Term Loan \| LIBOR
Debt Instrument [Line Items]
Debt instrument, floor rate		1.00%
Debt instrument, spread rate		7.50%
Barclays Repurchase Agreement
Debt Instrument [Line Items]
Line of credit, maximum capacity						$ 300,000,000	250,000,000
Barclays Repurchase Agreement \| Short-term Borrowing Facility
Debt Instrument [Line Items]
Debt instrument, description						one-month LIBOR
Agreement entered date						May 29, 2015
Debt instrument, maturity date						Aug. 03, 2020
Line of credit, maximum capacity						$ 300,000,000
Debt Instrument, effective interest rate						4.81%		5.90%
Barclays Repurchase Agreement \| Minimum \| Short-term Borrowing Facility
Debt Instrument [Line Items]
Debt instrument, spread rate						3.00%
Barclays Repurchase Agreement \| Maximum \| Short-term Borrowing Facility
Debt Instrument [Line Items]
Debt instrument, spread rate						3.125%
Citibank Repurchase Agreement
Debt Instrument [Line Items]
Line of credit, maximum capacity						$ 200,000,000	200,000,000
Citibank Repurchase Agreement \| Short-term Borrowing Facility
Debt Instrument [Line Items]
Debt instrument, description						one-month LIBOR
Debt instrument, spread rate						3.25%
Agreement entered date						May 17, 2013
Debt instrument, maturity date						Sep. 30, 2020
Line of credit, maximum capacity						$ 200,000,000
Debt Instrument, effective interest rate						4.29%		5.78%
Hershiser Capital Finance Loan Agreement
Debt Instrument [Line Items]
Line of credit, maximum capacity						$ 3,000,000	$ 3,000,000
Hershiser Capital Finance Loan Agreement \| HCF Loan
Debt Instrument [Line Items]
Debt instrument, face amount	$ 3,000,000
Debt instrument, maturity date	Jul. 01, 2021
Debt instrument, maturity date description					earlier of (i) January 1, 2021, and (ii) the date on which the unpaid principal balance of this loan becomes due and payable by acceleration or otherwise pursuant to the loan documents or the exercise by the lender of any right or remedy under any loan document.
Debt instrument, fixed interest rate	9.50%