XML 48 R37.htm IDEA: XBRL DOCUMENT v3.21.2

Loans Held for Investment and Loans Held for Investment at Fair Value - Schedule of Loans Held for Investment Pledged as Collateral for Warehouse Facilities and Securitizations Issued (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts Notes And Loans Receivable [Line Items]
Total pledged loans	$ 203,950	$ 91,074
Total	1,835,362	1,852,554
2013 Repurchase Agreement
Accounts Notes And Loans Receivable [Line Items]
Total pledged loans	51,819	91,074
2015 Repurchase Agreement
Accounts Notes And Loans Receivable [Line Items]
Total pledged loans	118,950
Bank Credit Agreement
Accounts Notes And Loans Receivable [Line Items]
Total pledged loans	31,022
2021 Repurchase Agreement
Accounts Notes And Loans Receivable [Line Items]
Total pledged loans	2,159
2014-1 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	19,622	22,228
2015-1 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	38,829	48,179
2016-1 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	61,430	71,271
2016-2 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	38,625	47,282
2017-1 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	64,463	81,376
2017-2 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	112,962	137,970
2018-1 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	88,449	112,042
2018-2 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	194,078	224,195
2019-1 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	175,707	203,144
2019-2 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	154,113	175,560
2019-3 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	121,069	135,527
2020-1 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	216,118	241,664
2020-2 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	113,023	123,646
2020-MC1 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	174,909	$ 228,470
2021-1 Trust
Accounts Notes And Loans Receivable [Line Items]
Total	$ 261,965

X

- 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

Name:	us-gaap_AccountsNotesAndLoansReceivableLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Carrying amount as of the balance sheet date of loans that have been pledged as collateral for borrowings. If the secured party has the right by contract or custom to sell or re-pledge the collateral, then the debtor reclassifies that asset and report that asset in its statement of financial position separately from other assets not so encumbered.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66007379&loc=d3e113888-111728

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121611835&loc=d3e5086-111524

+ Details

Name:	us-gaap_LoansPledgedAsCollateral
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Securitizations issued.

+ References

No definition available.

+ Details

Name:	vel_SecuritizationsIssued
Namespace Prefix:	vel_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Details

Name:	us-gaap_TypeOfArrangementAxis=vel_TwoThousandThirteenRepurchaseAgreementMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_TypeOfArrangementAxis=vel_TwoThousandFifteenRepurchaseAgreementMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_TypeOfArrangementAxis=vel_BankCreditAgreementMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_TypeOfArrangementAxis=vel_TwoThousandTwentyOneRepurchaseAgreementMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandFourteenTrustOneMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandFifteenTrustOneMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandSixteenTrustOneMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandSixteenTrustTwoMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandSeventeenTrustOneMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandSeventeenTrustTwoMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandEighteenTrustOneMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandEighteenTrustTwoMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandNineteenTermLoansMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandNineteenTrustTwoMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandNineteenTrustThreeMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandTwentyTrustOneMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandTwentyTrustTwoMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandTwentyMc1TrustMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CollateralAxis=vel_TwoThousandTwentyOneTrustOneMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: