XML 12 R1.htm IDEA: XBRL DOCUMENT v3.23.3
Document And Entity Information - shares
 9 Months Ended
Sep. 30, 2023
Nov. 01, 2023
Cover [Abstract]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Sep. 30, 2023  
Document Fiscal Year Focus 2023  
Document Fiscal Period Focus Q3  
Trading Symbol VEL  
Entity Registrant Name Velocity Financial, Inc.  
Entity Central Index Key 0001692376  
Current Fiscal Year End Date --12-31  
Entity Filer Category Accelerated Filer  
Entity Small Business true  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Common Stock, Shares Outstanding   32,781,966
Entity File Number 001-39183  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 46-0659719  
Entity Address, Address Line One 30699 Russell Ranch Road  
Entity Address, Address Line Two Suite 295  
Entity Address, City or Town Westlake Village  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 91362  
City Area Code 818  
Local Phone Number 532-3700  
Title of 12(b) Security Common stock, par value $0.01 per share  
Security Exchange Name NYSE  
Document Quarterly Report true  
Document Transition Report false