XML 69 R62.htm IDEA: XBRL DOCUMENT
v3.25.3

Mortgage Servicing Rights - Additional Information (Details) - USD ($) $ in Millions | 9 Months Ended
--- | ---
Sep. 30, 2025 | Sep. 30, 2024
Transfers and Servicing [Abstract] |  |
Unpaid principal balance of mortgage loans serviced for others, amount | $ 826.6 | $ 804.1
Fair value of servicing rights, weighted average discount rate | 8.00% | 8.00%
Fair value of servicing rights, weighted average constant prepayment rate | 5.60% | 5.10%

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