XML 62 R55.htm IDEA: XBRL DOCUMENT
v3.26.1

Loans Held for Investment at Amortized Cost and Loans Held for Investment at Fair Value - Schedule of Loans Held for Investment Pledged as Collateral for Warehouse Facilities and Securitized Debt Issued (Details) - USD ($) $ in Thousands | Jun. 30, 2026 | Dec. 31, 2025
--- | --- | ---
Accounts Notes And Loans Receivable [Line Items] |  |
Total | $ 6,351,218 | $ 6,050,646
Asset Pledged as Collateral Without Right |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total pledged loans | 413,136 | 410,953
2013 Repurchase Agreement | Asset Pledged as Collateral Without Right |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total pledged loans | 111,610 | 165,484
2021/2024 Repurchase Agreements | Asset Pledged as Collateral Without Right |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total pledged loans | 133,621 | 134,901
2021 Term Repurchase Agreement | Asset Pledged as Collateral Without Right |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total pledged loans | 12,167 | 23,478
2023 Repurchase Agreement | Asset Pledged as Collateral Without Right |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total pledged loans | 120,791 | 50,611
2024 Bank Credit Agreement | Asset Pledged as Collateral Without Right |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total pledged loans | 34,947 | 36,479
2017-2 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 26,411 | 29,111
2018-1 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 19,753 | 21,618
2018-2 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 45,902 | 49,759
2019-1 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 49,259 | 58,324
2019-2 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 38,529 | 42,618
2019-3 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 37,881 | 41,166
2020-1 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 78,439 | 83,154
2021-1 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 125,518 | 135,627
2021-2 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 102,347 | 112,332
2021-3 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 110,908 | 119,070
2021-4 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 180,411 | 190,186
2022-1 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 188,317 | 198,203
2022-2 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 170,640 | 178,346
2022-3 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 184,091 | 206,020
2022-4 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 180,716 | 221,652
2022-5 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 112,284 | 146,126
2023-1 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 108,741 | 141,805
2023-2 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 82,361 | 94,269
2023-3 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 101,386 | 124,129
2023-4 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 91,550 | 118,953
2024-1 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 106,529 | 140,464
2024-2 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 154,392 | 183,376
2024-3 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 128,624 | 145,659
2024-4 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 158,410 | 175,820
2024-5 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 183,833 | 246,456
2024-6 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 238,620 | 268,354
2025-1 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 289,926 | 321,431
2025-RTL1 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 99,591 | 117,733
2025-2 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 348,588 | 369,814
2025-MC1 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 74,617 | 86,083
2025-3 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 347,309 | 377,229
2025-P1 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 178,599 | 190,012
2025-4 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 442,123 | 459,557
2025-P2 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 197,181 | 210,368
2025-5 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 426,623 | $ 445,822
2026-1 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 344,703 |
2026-P1 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | 187,994 |
2026-2 Trust |  |
Accounts Notes And Loans Receivable [Line Items] |  |
Total | $ 408,112 |

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/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)(c)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 20 -Name Accounting Standards Codification -Section 40 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481628/310-20-40-7 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481990/310-10-45-2 + Details
Name: | us-gaap_AccountsNotesAndLoansReceivableLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amortized cost, after allowance for credit loss, of financing receivable. Excludes financing receivable covered under loss sharing agreement and net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481990/310-10-45-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 860 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (b)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481420/860-30-50-1A Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04(5)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
Name: | us-gaap_NotesReceivableNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Securitizations issued. + References No definition available. + Details
Name: | vel_SecuritizationsIssued
Namespace Prefix: | vel_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_PledgedStatusAxis=us-gaap_AssetPledgedAsCollateralWithoutRightMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=vel_TwoThousandThirteenRepurchaseAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=vel_TwoThousandTwentyOneAndTwoThousandTwentyFourRepurchaseAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=vel_TwoThousandAndTwentyOneTermRepurchaseAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=vel_TwoThousandTwentyThreeRepurchaseAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_TypeOfArrangementAxis=vel_TwoThousandTwentyFourBankCreditAgreementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandSeventeenTrustTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandEighteenTrustOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandEighteenTrustTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandNineteenTermLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandNineteenTrustTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandNineteenTrustThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyTrustOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyOneTrustOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyOneTrustTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyOneTrustThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyOneTrustFourMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyTwoTrustOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyTwoTrustTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyTwoTrustThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyTwoTrustFourMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyTwoTrustFiveMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyThreeTrustOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyThreeTrustTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyThreeTrustThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyThreeTrustFourMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFourTrustOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFourTrustTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFourTrustThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFourTrustFourMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFourTrustFiveMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFourTrustSixMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFiveTrustOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFiveRTL1TrustMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFiveTrustTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFiveMc1TrustMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFiveTrustThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFiveP1TrustMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFiveTrustFourMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFiveP2TrustMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentyFiveTrustFiveMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentySixTrustOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentySixP1TrustMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CollateralAxis=vel_TwoThousandTwentySixTrustTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |