Fay Group has acquired VanDyk Mortgage Corporation for an undisclosed amount. The transaction brings the Grand Rapids, Michigan-based residential lender, founded in 1987 by Thomas L. VanDyk, under Fay Group’s ownership. VanDyk Mortgage operates as a national mortgage banker with more than 500 employees across 93 branch offices in 38 states.
VanDyk Mortgage specializes in residential loans for one-to-four family homes, having closed over 100,000 loans since its inception. The company holds approvals as a Fannie Mae, Freddie Mac, and Ginnie Mae seller and servicer, along with FHA and VA direct lending authority. It maintains an A+ rating from the Better Business Bureau and reports a 99 percent customer satisfaction ratio based on annual closed loans versus complaints received. Fay Group, the acquiring entity, is adding these origination and servicing capabilities to its existing operations.
The acquisition is strategic for Fay Group as it seeks to expand its footprint in the retail mortgage sector. VanDyk’s direct retail origination model and in-house servicing portfolio provide a stable base of operations that Fay Group can integrate into its broader business structure. The deal also grants Fay Group access to VanDyk’s established relationships with government-sponsored enterprises and its multi-state branch network, which may support increased loan volume without requiring new market entry from scratch.
For VanDyk Mortgage, the change in ownership is expected to preserve its operational focus on customer service while benefiting from Fay Group’s financial resources and management oversight. The combined entity will continue to originate loans through VanDyk’s existing channels, with no immediate changes announced to branch locations or staffing levels. The transaction is anticipated to close following customary regulatory approvals, after which Fay Group will assume control of VanDyk’s servicing portfolio and licensing obligations across the states where it operates.