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Van Dyk Mortgage Corporation

Independent Mortgage CompanyGRAND RAPIDS, MIDirect to Consumer

We analyzed every closed loan from Van Dyk Mortgage 2.3k loans across 3k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing
Acceptable
vs. all lenders
Pull Through
Strong
closing strength
Products
Exceptional
FHA · Conventional · VA · Jumbo · USDA
Place
Sound
Near-National · 31 mkts

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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

Explore another lender or local market

Report Card

Van Dyk Mortgage Corporation performance at a glance

CategoryScorevs. Peers
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Acceptable
Near industry average
+48.0 bps above market avg
Pull Through
Closing strength
Strong
Highly Competitive
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Highly Competitive
Top 40% of lenders
FHA
Exceptional
Market Leader
Top 20% of lenders
VA
Strong
Highly Competitive
Top 40% of lenders
Jumbo
Sound
Industry Standard
Top 60% of lenders
USDA
Exceptional
Market Leader
Top 20% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Exceptional
Market Leader
Top 20% of lenders
Refinance
Strong
Highly Competitive
Top 40% of lenders
By Location· Geographic coverage
Geographic Reach
Coverage footprint
Sound
Industry Standard
Top 60% of lenders
Near-National32 markets

Loan Product Performance

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Sound
Strong
Acceptable
Sound
1,37861.1%
+0.446%Above
$2,993Fees
FHA Loans
Sound
Exceptional
Acceptable
Strong
59726.5%
+0.767%Above
$2,772Fees
VA Loans
Sound
Strong
Mediocre
Strong
2039.0%
-0.049%Below
$3,141Fees
Jumbo Loans
Acceptable
Sound
Mediocre
110.5%
+0.486%Above
$3,667Fees
USDA Loans
Strong
Exceptional
Strong
683.0%
+0.322%Above
$1,794Fees

Loan Purpose Performance

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Sound
Exceptional
Acceptable
Strong
2,13094.4%
+0.485%Above
$2,914Fees
Refinance
Sound
Strong
Acceptable
Sound
1275.6%
+0.418%Above
$3,330Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
2,257
Applications
3,452
Volume
$662 million
Pricing & Closing
Avg Rate Spread
+0.480%
vs. market APOR
Avg Net Fees
$2,945
Origination − Credits
Pullthrough Rate
65.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$293,609
Avg Borrower Income
$116,594
Avg Property Value
$365,576

Geographic Coverage

Geographic Performance

Metro Areas
31
States Served
33
We count Washington DC as a state
Avg Place Specialization
Sound

States with Loan Originations

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Top Metro Areas by Place Specialization Score

1
Muskegon, MIMSA
Volume: 160Mix: 7.09%of portfolio
Place
Exceptional
2
Greeley, CO, COMSA
Volume: 103Mix: 4.56%of portfolio
Place
Strong
3
Tampa, FL, FLMSA
Volume: 217Mix: 9.61%of portfolio
Place
Strong
4
St. Petersburg, FLMSA
Volume: 118Mix: 5.23%of portfolio
Place
Strong
5
Pocatello, ID, IDMSA
Volume: 48Mix: 2.13%of portfolio
Place
Strong
6
Cincinnati, OHMSA
Volume: 89Mix: 3.94%of portfolio
Place
Strong
7
Cape Coral, FLMSA
Volume: 74Mix: 3.28%of portfolio
Place
Strong
8
Grand Rapids, MIMSA
Volume: 103Mix: 4.56%of portfolio
Place
Strong
9
Toledo, OH, OHMSA
Volume: 50Mix: 2.22%of portfolio
Place
Strong
10
North Port, FLMSA
Volume: 56Mix: 2.48%of portfolio
Place
Strong
Showing 10 of 31 metro areas

Top States by Place Specialization Score

1
FLState
Volume: 618Mix: 27.38%of portfolio
Place
Strong
2
MIState
Volume: 395Mix: 17.50%of portfolio
Place
Strong
3
TNState
Volume: 194Mix: 8.60%of portfolio
Place
Strong
4
OHState
Volume: 196Mix: 8.68%of portfolio
Place
Strong
5
GAState
Volume: 173Mix: 7.67%of portfolio
Place
Strong
6
INState
Volume: 142Mix: 6.29%of portfolio
Place
Strong
7
COState
Volume: 128Mix: 5.67%of portfolio
Place
Strong
8
IDState
Volume: 80Mix: 3.54%of portfolio
Place
Strong
9
NMState
Volume: 50Mix: 2.22%of portfolio
Place
Sound
10
UTState
Volume: 65Mix: 2.88%of portfolio
Place
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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.