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Loans Held for Sale, Net - Summary of Loans Held for Sale (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($)
Loans Held For Sale [Abstract]
Unpaid principal balance	$ 12,929
Valuation adjustments	(17)
Deferred loan origination costs	194
Ending balance	$ 13,106

X

- Definition

The increase (decrease) during the reporting period in the value of loans or securitized loans that are held with the intention to sell in the near future.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3461-108585

+ Details

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Amount, before valuation allowance, of financing receivable classified as held-for-sale.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121593590&loc=d3e4428-111522

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 948
-SubTopic 310
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=120238483&loc=d3e48678-111004

+ Details

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

X

- Definition

Loans Held For Sale [Abstract]

+ References

No definition available.

+ Details

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Namespace Prefix:	vel_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Loans Held for sale Deferred Loan Origination Costs

+ References

No definition available.

+ Details

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Namespace Prefix:	vel_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Loans Held For Sale Principal Balance.

+ References

No definition available.

+ Details

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Namespace Prefix:	vel_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant