Deal brings new programs, tech upgrades, and new origination staff to company
A&D Mortgage has completed its acquisition of the wholesale and non-delegated correspondent mortgage origination business from Mr. Cooper Group, a deal that expands A&D’s presence across both agency and government-backed lending and strengthens its position in the non-QM space.
The transaction, which was first announced in January 2025, gives A&D access to a broader network of brokers and adds experienced professionals to its team. Mr. Cooper had originally acquired the business in a separate deal in November 2024.
A&D said the acquisition will expand its capacity to offer agency, government, jumbo, and non-QM programs. It also pointed to technology upgrades underway, including tools from its existing platform such as the NextGen Partner Portal and an automated underwriting system for non-QM — described as the first of its kind in the mortgage industry.
“Today marks an exciting new chapter for A&D Mortgage,” said A&D Mortgage CEO Max Slyusarchuk. “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.”
The company said the combined platform funded more than $10 billion in originations in 2024 and now includes more than 8,500 broker partners. The wholesale and non-delegated correspondent staff from Mr. Cooper have officially joined A&D, and integration is underway.
“Bringing our teams together has opened new horizons,” A&D chief operating officer Lana Izgarsheva said in a media release. “Our shared values, commitment to innovation, and customer-first mindset makes this a natural fit. We’re excited about the opportunities ahead—for our partners, clients, and employees.”
A&D noted that the deal is unrelated to Rocket Companies’ recently announced agreement to acquire Mr. Cooper.
Rocket’s pending purchase of Mr. Cooper would create one of the largest servicing platforms in the US.
The $9.4 billion all-stock deal would merge servicing portfolios to a combined total of over $2 trillion and nearly 10 million customers. Mr. Cooper CEO Jay Bray is expected to become president and CEO of Rocket Mortgage, with Dan Gilbert remaining chairman of Rocket Companies. The combined board will include nine Rocket board members and two from Mr. Cooper.
Read more: Will Rocket take over the (mortgage) world?
Rocket CEO Varun Krishna said the deal will allow the company to build stronger client relationships by leveraging data and AI.
“With the right data and AI infrastructure we will deliver the right products at the right time. That’s how we build lifelong relationships, by proactively unlocking benefits and meeting needs before they arise,” Krishna said.
Rocket expects the deal to generate around $100 million in pre-tax revenue and $400 million in cost savings through streamlined operations and technology. The transaction is expected to close in the fourth quarter of 2025, pending regulatory and shareholder approval.
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