Strategic acquisition finalizes amid Rocket’s $9.4B takeover of Mr. Cooper, raising industry questions
A&D Mortgage, LLC has officially closed its acquisition of the wholesale and non-delegated correspondent mortgage origination business from Mr. Cooper Group Inc. The deal, first announced in January 2025, significantly expands A&D’s footprint in the Agency and Government lending markets and reinforces its position as a leader in the Non-QM sector.
“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.”
The acquisition includes an expanded team of experienced mortgage professionals and a broadened network of over 8,500 broker partners. In total, the combined operations funded over $10 billion in originations during 2024.
Notably, the group now joining A&D previously operated under Flagstar Bank, before being acquired by Mr. Cooper in June 2024, as part of a transaction in which Mr. Cooper bought Flagstar’s mortgage servicing and TPO (Third-Party Origination) platform.
According to A&D, brokers and partners will now benefit from:
“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 makes this a natural fit. We’re excited about the opportunities ahead — for our partners, clients, and employees.”
A&D’s announcement has created confusion among industry watchers, largely due to yesterday’s news that Rocket Companies had reached a $9.4 billion agreement to acquire Mr. Cooper Group in an all-stock deal. The transaction is expected to close by year’s end, pending regulatory and shareholder approval.
Rocket will combine with Mr. Cooper, the country’s largest servicer, to manage a staggering $2.1 trillion in unpaid mortgage balances — covering one out of every six home loans in the U.S.
Mr. Cooper had previously acquired the same wholesale and non-delegated origination business it sold to A&D as part of a separate transaction in November 2024. That slice of the business, now owned by A&D, was not included in Rocket’s merger announcement.
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