Velocity Financial, Inc.

Our Company is a vertically integrated real estate finance company founded in 2004. We originate, securitize, and manage a nationwide portfolio of loans secured by real estate. We primarily originate investor loans secured by 1-4 unit residential rental properties, as well as loans for multi-family, mixed-use, and commercial properties. We originate loans nationwide through our network of independent mortgage brokers and direct borrower relationships, built over 21 years since our inception. We operate in a large and highly fragmented market with substantial demand for financing and limited supply of institutional financing alternatives. We offer competitive pricing to borrowers by pursuing low-cost financing strategies and driving front-end process efficiencies through customized technology. By originating loans through our efficient and scalable network of approved mortgage brokers, we maintain a wide geographical presence and nimble operating infrastructure. We believe there is a substantial and durable market opportunity for investor real estate loans across 1-4 unit residential rental and small commercial properties. Our growth has validated the need for scaled lenders dedicated to individual investors who own ten or fewer properties, a base we believe represents the vast majority of activity across our core market. According to data from the U.S. Census Bureau, the U.S. home rentership rate has averaged approximately 34.3%.