Real Estate
Home›Real Estate›Industry›Fay Group acquires VanDyk Mortgage to expand conformin…
Fay Group acquires VanDyk Mortgage to expand conforming loan production
The Michigan lender has originated about $530 million in mortgages year to date and $894 million in 2025, and the deal adds its Fannie Mae, Freddie Mac and Ginnie Mae execution plus a mortgage servicing rights book.
Fay Group announced it has acquired VanDyk Mortgage Corp. to expand its conforming mortgage and mortgage servicing rights business, adding agency production through VanDyk’s Fannie Mae, Freddie Mac and Ginnie Mae capabilities, HousingWire reports.
The companies did not disclose deal terms. Fay said VanDyk’s servicing team, mortgage servicing rights book, and ability to create conforming MSRs would complement Fay’s existing business.
VanDyk, based in Michigan, has originated about $530 million in mortgages year to date, after originating $894 million in 2025 compared with $745 million in 2024, according to InGenius as cited in the report. Most of its business comes from Florida, Michigan and North Carolina.
VanDyk’s NMLS profile showed it had 135 sponsored loan officers across 36 active branches as of Friday. Fay Servicing, its parent’s servicing arm, has focused for more than a decade on subservicing Federal Housing Administration loans and managing distressed and nonconventional assets. The acquisition follows a July 2025 CFPB consent order termination tied to past foreclosure practices against Fay Servicing, after $3 million in restitution and a $2 million civil penalty were paid.