Velocity Financial(VEL) - 2023 Q4 - Earnings Call Transcript

Conference Call Participants Operator I would now like to turn the conference over to Chris Oltmann. Please go ahead. Our next question comes from Don Fandetti with Wells Fargo. Operator Many of our comparable sets and peers that we get compared to carry their assets at fair value. As you folks know, we made the election in Q4 of last year to move to fair value accounting, so we wanted to show everyone that we believe the true value that we've created is actually much higher than the GAAP book value. And so ...