Velocity Financial VEL Provision for Credit Losses
Provision for Credit Losses at other companies
Other financials
Where this comes from
Reported directly by Velocity Financial in its filing.
Tagged under the XBRL concept us-gaap:FinancingReceivableAllowanceForCreditLossesWriteOffs.
The official record: Velocity Financial’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Velocity Financial's provision for credit losses?
- Velocity Financial (VEL) reported provision for credit losses of $1.32M in Q1 2026.
- How has Velocity Financial's provision for credit losses changed year-over-year?
- Velocity Financial's provision for credit losses increased by 28.5% year-over-year, from $1.03M to $1.32M.
- What is the long-term trend for Velocity Financial's provision for credit losses?
- Over 4 years (2021 to 2025), Velocity Financial's provision for credit losses has grown at a 103.4% compound annual growth rate (CAGR), from -$290K to $4.96M.
- What does provision for credit losses mean?
- Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.