Christopher D. Farrar has been the CEO of Velocity Financial since its conversion from a limited liability company to a corporation in January 2020. With a solid background in finance, holding a Bachelor's degree in the field, he has steered...
Christopher D. Farrar has been the CEO of Velocity Financial since its conversion from a limited liability company to a corporation in January 2020. With a solid background in finance, holding a Bachelor's degree in the field, he has steered the company through several key developments. He was awarded a total compensation of around $3.9 million in 2023, showcasing his performance-oriented leadership. Notably, his bonuses are tied to company performance metrics like core net income growth, which reflects his focus on driving growth. Farrar took home a cash bonus of $1.83 million in 2023, emphasizing the link between his pay and the success of Velocity Financial. Under his leadership, the company has seen impressive growth in core net income, which has consistently exceeded expectations. His significant involvement in insider trades indicates a strong belief in the company's future, with his holdings peaking at approximately $15.9 million recently. Farrar’s leadership style focuses on alignment between executive achievements and shareholder interests, driving Velocity Financial toward sustained growth in the competitive financial landscape.