XML 50 R39.htm IDEA: XBRL DOCUMENT v3.21.2

Loans Held for Investment and Loans Held for Investment at Fair Value - Schedule of Accrued Interest Receivables Written Off by Reversing Interest Income by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Financing Receivable Impaired [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 2,299,725	$ 2,006,834	$ 2,299,725	$ 2,006,834
Financing Receivable, Accrued Interest, Writeoff	929	1,598	3,778	8,548
Commercial Purchase Portfolio Segment
Financing Receivable Impaired [Line Items]
Available-for-sale Securities, Amortized Cost Basis	426,483	293,886	426,483	293,886
Financing Receivable, Accrued Interest, Writeoff	114	151	306	576
Commercial Refinance Portfolio Segment
Financing Receivable Impaired [Line Items]
Available-for-sale Securities, Amortized Cost Basis	710,201	695,664	710,201	695,664
Financing Receivable, Accrued Interest, Writeoff	146	459	838	3,092
Residential One To Four Unit Purchase Portfolio Segment
Financing Receivable Impaired [Line Items]
Available-for-sale Securities, Amortized Cost Basis	340,611	282,212	340,611	282,212
Financing Receivable, Accrued Interest, Writeoff	33	215	154	724
Residential One To Four Unit Refinance Portfolio Segment
Financing Receivable Impaired [Line Items]
Available-for-sale Securities, Amortized Cost Basis	671,703	735,072	671,703	735,072
Financing Receivable, Accrued Interest, Writeoff	368	$ 773	1,169	$ 4,156
Short Term One To Four Unit Purchase Portfolio Segment
Financing Receivable Impaired [Line Items]
Available-for-sale Securities, Amortized Cost Basis	50,758		50,758
Financing Receivable, Accrued Interest, Writeoff	103		788
Short Term One To Four Unit Refinance Portfolio Segment
Financing Receivable Impaired [Line Items]
Available-for-sale Securities, Amortized Cost Basis	99,969		99,969
Financing Receivable, Accrued Interest, Writeoff	$ 165		$ 523

X

- Definition

Amount of writeoff of accrued interest on financing receivable recognized by reversing interest income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 3D
-URI http://asc.fasb.org/extlink&oid=121599337&loc=SL120267969-210447

+ Details

Name:	us-gaap_FinancingReceivableAccruedInterestWriteoff
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

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

X

- Definition

Financing receivable, amortized cost.

+ References

No definition available.

+ Details

Name:	vel_FinancingReceivableAmortizedCost
Namespace Prefix:	vel_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Details

Name:	us-gaap_FinancingReceivablePortfolioSegmentAxis=vel_CommercialPurchasePortfolioSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancingReceivablePortfolioSegmentAxis=vel_CommercialRefinancePortfolioSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancingReceivablePortfolioSegmentAxis=vel_ResidentialOneToFourUnitPurchasePortfolioSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancingReceivablePortfolioSegmentAxis=vel_ResidentialOneToFourUnitRefinancePortfolioSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancingReceivablePortfolioSegmentAxis=vel_ShortTermOneToFourUnitPurchasePortfolioSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancingReceivablePortfolioSegmentAxis=vel_ShortTermOneToFourUnitRefinancePortfolioSegmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: