HousingWireHousingWire
Mr. Cooper Group is once again making headlines. Today, A&D Mortgage announced the official closing of its acquisition of the wholesale and non-delegated correspondent mortgage business from Mr. Cooper Group.
The news comes just a day after Rocket Companies announced its acquisition of Mr. Cooper, which is to be completed by Q4 2025, in an all-stock deal valued at $9.4 billion.
Mr. Cooper previously acquired the wholesale and nondelegated mortgage business assets as part of its Flagstar Bank transaction in November 2024. This business portion, now under A&D’s ownership, was not mentioned in Rocket’s merger announcement yesterday.
Today’s transaction, first announced in January 2025, expands A&D Mortgage’s presence in the agency and government lending sectors while further strengthening its presence in non-QM. The company is also welcoming an expanded network of over 8,500 broker partners through the acquisition.
Team members from Mr. Cooper’s wholesale and non-delegated correspondent divisions have officially joined A&D Mortgage as part of the closing, a press release from A&D confirmed.
“Today marks an exciting new chapter for A&D Mortgage,” said Max Slyusarchuk, CEO of A&D Mortgage. “With this acquisition complete, we are better positioned than ever to deliver a broader range of loan solutions, industry-leading technology, and our hallmark ‘YES’ approach to service.”
Through this integration, A&D Mortgage will offer brokers and partners a suite of 20+ mortgage programs, including agency, government, jumbo, and non-QM; and mortgage technology, including NextGen Partner Portal (AIM) and the first integrated non-QM AUS in the mortgage history.
“Bringing our teams together has opened new horizons,” said Lana Izgarsheva, chief operating officer of A&D Mortgage. “Our shared values, commitment to innovation and customer-first mindset make this a natural fit. We’re excited about the opportunities ahead—for our partners, clients, and employees.”
