XML 66 R55.htm IDEA: XBRL DOCUMENT
v3.23.3

Receivables Due From Servicers - Summary of Receivables Due From Servicers (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022
--- | --- | ---
Related Party Transaction [Line Items] |  |
Loan principal payments due from servicers | $ 31,838 | $ 25,064
Other loan servicing receivables | 15,824 | 15,616
Loan servicing receivables | 47,662 | 40,680
Corporate and escrow advances receivable | 22,477 | 24,964
Toral receivables due from servicers | 70,139 | 65,644
Securitized debt |  |
Related Party Transaction [Line Items] |  |
Loan principal payments due from servicers | 31,763 | 24,400
Other loan servicing receivables | 11,370 | 13,095
Loan servicing receivables | 43,133 | 37,495
Corporate and escrow advances receivable | 21,036 | 21,995
Toral receivables due from servicers | 64,169 | 59,490
Warehouse and Repurchase Facilities and Other |  |
Related Party Transaction [Line Items] |  |
Loan principal payments due from servicers | 75 | 664
Other loan servicing receivables | 4,454 | 2,521
Loan servicing receivables | 4,529 | 3,185
Corporate and escrow advances receivable | 1,441 | 2,969
Toral receivables due from servicers | $ 5,970 | $ 6,154

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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(c)(2)(i)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(c)(2)(ii)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(g)(3)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1 + Details
Name: | us-gaap_RelatedPartyTransactionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Corporate and escrow advances receivable current. + References No definition available. + Details
Name: | vel_CorporateAndEscrowAdvancesReceivableCurrent
Namespace Prefix: | vel_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Loan principal payments due from servicers current. + References No definition available. + Details
Name: | vel_LoanPrincipalPaymentsDueFromServicersCurrent
Namespace Prefix: | vel_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Loan servicing receivables current. + References No definition available. + Details
Name: | vel_LoanServicingReceivablesCurrent
Namespace Prefix: | vel_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Other loan servicing receivables current. + References No definition available. + Details
Name: | vel_OtherLoanServicingReceivablesCurrent
Namespace Prefix: | vel_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Receivables due from services. + References No definition available. + Details
Name: | vel_ReceivablesDueFromServices
Namespace Prefix: | vel_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_CreditFacilityAxis=vel_SecuritizedDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=vel_WarehouseAndRepurchaseFacilitiesAndOtherMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |