XML 67 R56.htm IDEA: XBRL DOCUMENT v3.23.3

Mortgage Servicing Rights - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Transfers and Servicing [Abstract]
Unpaid principal balance of mortgage loans serviced for others, amount	$ 495.8	$ 491.9
Fair value of servicing rights, weighted average discount rate	8.00%	8.10%
Fair value of servicing rights, weighted average constant prepayment rate	6.40%	6.30%

X

- Definition

Discount rate used to estimate the fair value of servicing assets and servicing liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481229/860-50-50-2

+ Details

Name:	us-gaap_ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueDiscountRate
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Estimated rate of prepayments of principal on servicing assets and servicing liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 860
-SubTopic 50
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481229/860-50-50-2

+ Details

Name:	us-gaap_ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValuePrepaymentSpeed
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

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

X

- Definition

Servicing asset at unpaid principal balance amount.

+ References

No definition available.

+ Details

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