Tripp Wommack


President and CEO

H. H. "Tripp" Wommack III, a native of Texas, with BA's from North Carolina Chapel Hill and  JD University of Texas, has been in the Energy business since 1979. He has lived in Midland, Texas and focused almost exclusively on the Permian Basin since 1980. He has founded and managed multiple companies within the Oil & Gas industry such as Basic Energy, Southwest Royalties, Warrior Technologies, and SitePro, to name a few, in addition to his experience in commercial real estate.  As a true entrepreneur,  Tripp understands the need for commercial financing for small businesses. 

"Having been in Midland since the 1980s, I have seen the boom and bust cycles firsthand and understand the struggles energy service companies face on a daily basis securing traditional lines of credit.  Velocity was founded with our oilfield neighbors in mind and we plan to be the premier oilfield service factoring company in the industry. "-Tripp


Justin Ryan


Sr. Vice President-Underwriting & Credit

 Raised in Midland, Justin has been assisting oil & gas service companies achieve their goals for the past 12 years and has a passion for his community. He worked in the insurance industry for over 15 years prior to entering into factoring in 2007.  He enjoys helping small businesses and, even if he won't admit it, is a real people-person. Outside of work, Justin enjoys playing golf, watching baseball and spent many years helping his daughters play fast-pitch softball through high school and college.   

“I get great satisfaction out of watching small businesses achieve success.  They have taken the risk of going out on their own and as all entrepreneurs know there are many road blocks along the way.  We have been able to relieve them of the financial burdens so they can focus on relationships with their employees and customers”.  -Justin

Irene Hinojos


Sr. Vice President-Operations & Compliance

Graduating from the University of Texas Permian Basin in 2010, Irene accepted as position as Account Manager for a local factoring company. She quickly developed a passion for the industry and began moving up in the company as she gained experience in Operations, Customer Service, and Compliance.  She joined Velocity  in January of 2019 and looks forward to the continued growth and success of the team.  When not at work, she enjoys cooking, traveling, and spending time with family.

" I think the most important part of operations is putting ourselves in our client's shoes. 'If I were in this situation or had this issue, how would I want it to be handled?  What kind of response do I expect when I'm the customer?' - That's the kind of service I will always strive to deliver to our clients. "- Irene