What does VAN DYK MTG mean on my credit report?

Learn about VAN DYK MTG, an mortgage provider offering loans for financial assistance. Check the impact to your credit report and financial status.

Updated January 1, 2023
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What is VAN DYK MTG?

VAN DYK MTG is shorthand for VanDyk Mortgage Corporation, with the company name being VanDyk Mortgage Corporation Inc

VAN DYK MTG is a Mortgage Provider. They could be on your report for a number of reasons, for example:

  • ⚫ You missed a repayment.

  • ⚫ You opened an account with VanDyk Mortgage Corporation.

  • ⚫ You opened a credit card / loan / mortgage with this company.

  • ⚫ Someone fraudulently opened a credit line under your name.

About the account

  • ⚫ The average high credit balance is $130000.

  • ⚫ The typical loan duration is 360 months.

The account is classified under the following METRO2 categories:

  • ⚫ Real estate

How do I contact them?

Here is the current contact details for VanDyk Mortgage Corporation:

Address:

  • 2449 Camelot Ct SE ​ Grand Rapids, MI 49546

Website:

Email:

Phone:

Payments

VanDyk Mortgage Corporation offers assistance to borrowers who are experiencing hardships that impact their ability to maintain their mortgage obligations. This could include a forbearance, repayment plan, or loan modification. You can speak with a Loss Mitigation Specialist/Loan Counselor by calling 888-482-6395.VanDyk Mortgage Corporation has an online platform which allows borrowers to make payments. There is also a mobile app that allows customers to make payments. Both options accept payment via prepaid debit card.VanDyk Mortgage Corporation discloses that there are payment assistance options available for those who are having trouble making payments and that there may be penalties for late or missed payments.

Question Answer
Do they offer a monthly payment plan? No
Can I make payments over the phone? No
Can I make payments online? Yes
Do they offer a discount for automatic payments? No
Can I make a payment using a mobile app? Yes
Can I make a payment using a prepaid debit card? Yes
Can I make a payment using a wire transfer? Yes

Forgiveness and Cancellation

VanDyk Mortgage Corporation does not offer loan consolidation services or loan forgiveness. However, if you are experiencing hardships that impact your ability to maintain your mortgage, you may qualify for a forbearance, repayment plan, or loan modification depending on your individual circumstances.

Question Answer
Do they offer loan forgiveness? No
Do they offer loan consolidation? No

How to Apply

you can apply for a loan online through VanDyk Mortgage Corporation. They are licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act and their NMLS# is 3035. You cannot apply for a loan over a phone call. VanDyk Mortgage Corporation offers informational material related to loan qualifications, affordability, the application process, and other related topics. Applicants must submit an application through their website or contact their team to apply for a loan. you cannot apply for a loan in person. VanDyk Mortgage Corporation has a mobile app available for loan applications. you can apply for a loan with a cosigner. VanDyk Mortgage Corporation is licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, and they offer loan products that may suit your needs.

Question Answer
Can I apply for a loan online? Yes
Can I apply for a loan over a phone call? No
Can I apply for a loan in person? No
Can I apply for a loan using a mobile app? Yes
Can I apply for a loan with a cosigner? Yes

IdentityIQ Report Example

  • This is an example of what this creditor will look like on your IdentityIQ report.

VAN DYK MTG IdentityIQ Report

Will this affect my credit score?

Whether this account affects your credit score depends on a variety of factors, such as:

  • Account Open Date: If you opened this account recently it will impact your credit, the only way to prevent this from impacting your credit score is to remove the account from your report.
  • Derogatory Markings: If this account has any derogatory markings such as: Lates, Charge Offs, Collections and others.

However, there are could be some potential positive aspects to this account which could lead to improving your credit score, such as:

  • Account Age: If your account is quite old, then the age of it will positively impact your credit score
  • Repayment History: If the account has no Late Payments, Charge off Payments, then it may reflect a positive impact onto your credit score.

Can it be removed from my credit report?

Yes, with the right strategy, you will be able to remove any account from your report. But you have to be careful to ensure that the account is negative to begin with, or it will negatively impact your credit score.

However, removing a negative account will positively impact your credit score, allowing you to open new credit lines and potentially removing bad debt.

What is a Mortgage Provider?

A mortgage provider is a financial institution or mortgage bank that offers and underwrites home loans. Lenders have specific borrowing guidelines to verify your creditworthiness and ability to repay a loan. They set the terms, interest rate, repayment schedule and other key aspects of your mortgage. They have the ability to report on your credit profile which will affect your credit score. They also can run hard and soft inquiries which will impact your credit score if not delt with. Mortgage Providers are not perfect and can still make mistakes in their reporting, so if it says that you have missed a payment and you haven’t then if you take the correct action you will be able to remove the late repayment from your credit profile.

How do I remove VAN DYK MTG from my credit report?

You can send a dispute letter to the credit bureaus to remove this account from your report. You must send a dispute letter to all three credit bureaus, as they are legally required to remove the account from your report if it is found to be inaccurate. For best results you should send a dispute letter to the credit bureaus via certified mail, this will ensure that you have a legal record of the communication.