Fay Group has acquired VanDyk Mortgage Corp. to expand its presence in the conforming mortgage market, the companies announced Friday. Terms of the transaction were not disclosed.
“We see significant opportunity in expanding Fay’s presence in the conforming mortgage market through VanDyk’s Fannie Mae, Freddie Mac and Ginnie Mae capabilities,” Fay Group said in a statement. “Their servicing team, mortgage servicing rights (MSR) book, and ability to create conforming MSRs creates a wonderful complement to Fay’s business.”
Michigan-based VanDyk has originated about $530 million in mortgages year to date and did $894 million in 2025, up from $745 million in 2024, according to InGenius. Most of its business comes from Florida, Michigan and North Carolina. As of Friday, the Nationwide Multistate Licensing System (NMLS) showed the lender with 135 sponsored loan officers across 36 active branches.
Founder Tom VanDyk framed the sale as a move to another entrepreneur-led platform.
“Finding another founder-led company with someone like Ed Fay, who also puts his name on the door, is the perfect direction for the future of Van Dyk and I know our people will be cared for,” VanDyk said.
Fay Servicing, Fay Group’s servicing arm, has focused for more than a decade on subservicing Federal Housing Administration (FHA) loans and managing distressed, at-risk and nonconventional residential and business-purpose assets. Van Dyk’s conforming production and MSR creation provide a way to diversify that portfolio into more traditional agency-eligible product.
The acquisition highlights two key trends for lenders and servicers — building scale in conforming production and MSR creation, and using mergers and acquisitions (M&A) to balance specialty servicing exposure with more stable agency portfolios. The Mortgage Scoop first reported on the deal.
The deal also follows the end of a major regulatory action. In July 2025, the Consumer Financial Protection Bureau (CFPB) terminated a consent order against Fay Servicing over illegal foreclosure practices after the company paid $3 million in restitution to affected consumers and a $2 million civil money penalty.
