Velocity Financial, Inc. · NYSE:VEL

Velocity Financial — Q4 2021 Earnings Presentation

10 slides from Velocity Financial's earnings presentation, Jan 21, 2022

  1. Slide 1: Financial and Operational Update

    Financial and Operational Update January 2022

  2. Slide 2: Notice

    Notice Some of the statements contained in this presentation may constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, projections, plans and strategies, anticipated events or trends, and similar expressions concer

  3. Slide 3: Business Highlights

    Business Highlights Established Franchise with Strong Brand Recognition Substantial, Durable Market Opportunity Customized Technology and Proprietary Data Analytics High Quality Portfolio with Attractive Risk-Adjusted Returns Supported by a Rigorous Underwriting Process and a Strong Track Record in

  4. Slide 4: Estimates for the Quarter Ended December 31, 2021

    Estimates for the Quarter Ended December 31, 2021 Total Loans Originated and Acquired (2) Total Loan Portfolio (UPB) (3) ($ in Millions) $498 ($ in Millions) $2,500 $2,271 $1,991 $2,062 $341 $258 $233 Q1'21 Q2'21 Q3'21 Q4'21 Q1'21 Q2'21 Q3'21 Q4'21 GAAP Net Income and Core Net Income* (4) Total Stoc

  5. Slide 5: 4Q21 Financial and Operational Update

    4Q21 Financial and Operational Update(1) ▪ Loan production volume is expected to be approximately $497.8 million in unpaid principal balance ( UPB), the largest volume of originations in a single quarter and a 46% increase from the prior quarter.(2) ▪ Total loans held for investment are expected to

  6. Slide 6: 4Q21 Financial and Operational Update (continued)

    4Q21 Financial and Operational Update (continued)(1) ▪ Acquired a majority stake in Century Health & Housing Capital (“Century”) for $12.8 million in cash. Century is a licensed “Ginnie Mae” issuer/servicer that provides government-insured Federal Housing Administration (FHA) mortgage financing for

  7. Slide 7: Acquisition of Century Health & Housing Capital

    Acquisition of Century Health & Housing Capital On December 28, 2021, We Acquired a Majority Ownership Stake in Century Health & Housing Capital Business Overview Transaction Highlights ▪ Founded in 1992, Century provides government-insured (1) ✓ Expands growth opportunities via new products for mor

  8. Slide 8: Appendix

    Appendix

  9. Slide 9: Notes

    Notes Financial and Operational Update for the Quarter Ended December 31, 2021 (1) The foregoing estimated amount of loans originated and estimated range of net income, net income per diluted share, non -GAAP core net income and non-GAAP core net income per diluted share for the quarter ended Decemb

  10. Slide 10: Velocity Investors and Media

    Velocity Investors and Media: Chris Oltmann (818) 532-3708 coltmann@velfinance.com Confidential 10

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