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VAN DYK MORTGAGE CORPORATION
Independent Mortgage Company|GRAND RAPIDS, MI|Near-National
Loans Originated
2,257
Applications
3,452
Volume
$662 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Pricing and Pullthrough Overview
Average Rate Spread
+0.480%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,945
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
65.4%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Pricing may be below industry average
Report Card
VAN DYK MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Exceptional | Market Leader | |
VA | Strong | Highly Competitive | |
Jumbo | Sound | Industry Standard | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Sound | Near-National · 32 metro areas · 33 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$293,609
Average Borrower Income
$116,594
Average Property Value
$365,576
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Sound | 1,378 | 61.1% | +0.446% | $2,993 |
FHA Loans | Sound | Exceptional | Acceptable | Strong | 597 | 26.5% | +0.767% | $2,772 |
VA Loans | Sound | Strong | Mediocre | Strong | 203 | 9.0% | -0.049% | $3,141 |
Jumbo Loans | Acceptable | Sound | N/A | Mediocre | 11 | 0.5% | +0.486% | $3,667 |
USDA Loans | Strong | Exceptional | N/A | Strong | 68 | 3.0% | +0.322% | $1,794 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Exceptional | Acceptable | Strong | 2,130 | 94.4% | +0.485% | $2,914 |
Refinance | Sound | Strong | Acceptable | Sound | 127 | 5.6% | +0.418% | $3,330 |
Geographic Coverage
Metro Areas
31
States Served
33
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AKALARAZCACODCDEFLGAIDILINKYMDMIMTNCNJNMNVOHOKPARISCTNTXUTVAWAWIWY
Top Metro Areas by Place Specialization Score
1
Muskegon, MIMSA
Volume: 160Mix: 7.09%
Place Specialization
Exceptional
2
Greeley, CO, COMSA
Volume: 103Mix: 4.56%
Place Specialization
Strong
3
Tampa, FL, FLMSA
Volume: 217Mix: 9.61%
Place Specialization
Strong
4
St. Petersburg, FLMSA
Volume: 118Mix: 5.23%
Place Specialization
Strong
5
Pocatello, ID, IDMSA
Volume: 48Mix: 2.13%
Place Specialization
Strong
6
Cincinnati, OHMSA
Volume: 89Mix: 3.94%
Place Specialization
Strong
7
Cape Coral, FLMSA
Volume: 74Mix: 3.28%
Place Specialization
Strong
8
Grand Rapids, MIMSA
Volume: 103Mix: 4.56%
Place Specialization
Strong
9
Toledo, OH, OHMSA
Volume: 50Mix: 2.22%
Place Specialization
Strong
10
North Port, FLMSA
Volume: 56Mix: 2.48%
Place Specialization
Strong
Showing 10 of 31 metro areas
Top States by Place Specialization Score
1
FLState
Volume: 618Mix: 27.38%
Place Specialization
Strong
2
MIState
Volume: 395Mix: 17.50%
Place Specialization
Strong
3
TNState
Volume: 194Mix: 8.60%
Place Specialization
Strong
4
OHState
Volume: 196Mix: 8.68%
Place Specialization
Strong
5
GAState
Volume: 173Mix: 7.67%
Place Specialization
Strong
6
INState
Volume: 142Mix: 6.29%
Place Specialization
Strong
7
COState
Volume: 128Mix: 5.67%
Place Specialization
Strong
8
IDState
Volume: 80Mix: 3.54%
Place Specialization
Strong
9
NMState
Volume: 50Mix: 2.22%
Place Specialization
Sound
10
UTState
Volume: 65Mix: 2.88%
Place Specialization
Sound
Showing 10 of 17 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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