A&D Mortgage Closes Mr. Cooper TPO Acquisition – NMP Skip to main content

A&D Mortgage Closes Mr. Cooper TPO Acquisition

Apr 01, 2025
Acquisition

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:

  • A portfolio of 20+ mortgage programs, including Agency, Government, Jumbo, and Non-QM
     
  • Improved operational efficiency and leading turnaround times
     
  • Advanced technology tools such as the NextGen Partner Portal (AIM) and the industry’s first integrated Non-QM Automated Underwriting System (AUS)
     
  • A continued emphasis on partnership, support, and flexible lending options

“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.”

But Wait — Didn’t Rocket Just Acquire Mr. Cooper?

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.

 

 

About the author
Published
Apr 01, 2025
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026
Newrez, eXp Realty Form Joint Venture To Target Purchase Business

Revenos Mortgage is set to launch in early 2027, replacing eXp's joint venture with Kind Lending

Oct 08, 2026