Key facts
- Fay Group has acquired VanDyk Mortgage Corp.
- The acquisition aims to expand Fay Group's presence in the conforming mortgage market.
- VanDyk Mortgage has originated approximately $530 million in mortgages year-to-date.
- Fay Servicing previously focused on FHA loans and distressed assets.
- Fay Servicing paid $3 million in restitution and a $2 million civil penalty in July 2025 following a CFPB consent order.
Fay Group has acquired VanDyk Mortgage Corp. to bolster its presence in the conforming mortgage market, the companies announced Friday. The transaction aims to integrate VanDyk's expertise in Fannie Mae, Freddie Mac, and Ginnie Mae products with Fay Group's existing subservicing operations.
VanDyk Mortgage has originated approximately $530 million in mortgages year-to-date and recorded $894 million in 2025. The lender, primarily operating in Florida, Michigan, and North Carolina, has 135 sponsored loan officers across 36 branches. Founder Tom VanDyk described the sale as a transition to another entrepreneur-led platform, emphasizing that employees will be well-cared for.
Fay Servicing, Fay Group's servicing arm, has historically focused on subservicing Federal Housing Administration (FHA) loans and managing distressed assets. The addition of VanDyk's conforming production and mortgage servicing rights (MSR) creation is expected to diversify Fay's portfolio into more traditional agency-eligible products.
This acquisition reflects key industry trends of scaling conforming production and MSR creation, and using M&A to balance specialized servicing with stable agency portfolios. The deal follows a July 2025 regulatory action where Fay Servicing paid $3 million in restitution and a $2 million civil money penalty to the Consumer Financial Protection Bureau (CFPB) after the termination of a consent order concerning illegal foreclosure practices.