Velocity Financial, Inc. appointed Christopher Oltmann, 56, to the position of Corporate Treasurer. Mr. Oltmann has served as Chief Accounting Officer and Director of Investor Relations since September 2019. In addition to his role as Corporate Treasurer, Mr. Oltmann will continue to serve as Director of Investor Relations.

Previously, Mr. Oltmann served in various roles at financial services and mortgage companies, including as Executive Vice President Treasury Finance for PennyMac from 2012 to 2019, VP Strategic Planning and Competitive Intelligence at Bank of America, VP Treasury Finance at Union Bank and Senior VP at Countrywide. Board of Directors also appointed Fiona Tam, 51, as new Chief Accounting Officer. Ms. Tam has served as Chief Financial Reporting & Policy Officer since August 2017.

Ms. Tam has extensive experience with accounting, audit and internal controls, previously serving as Director of SOX for PennyMac from 2014 to 2017 and as Senior Audit Manager for KPMG.