A&D Mortgage, LLC (“A&D Mortgage”), the #1 Non-QM lender and a trusted name in the mortgage industry for over 20 years, is proud to announce the signing of a definitive agreement to acquire the wholesale and non-delegated correspondent mortgage business from Mr. Cooper Group Inc. (“Mr. Cooper”).
Mr. Cooper previously acquired the wholesale and non-delegated mortgage business as part of a separate transaction in November 2024.
“We took a very careful and measured approach to finding a potential partner to grow our QM business,” said Max Slyusarchuk, CEO of A&D Mortgage. “A&D’s goal is to be an industry leader, and this transaction is a big step forward.” The combined entities funded over $10 billion in originations in 2024.
The combination expands A&D’s broker network to over 8,500 partners, with access to a full suite of benefits offered by a top-tier lender including:
“It took almost three years of screening candidates and finally we found what we were looking for,” Lana Izgarsheva, Chief Operating Officer of A&D Mortgage, added. “The deep expertise in the mortgage business, the high-tech culture, and most importantly, the core values of the team — these are things we are similar in. I think this is a great match!”
The wholesale and non-delegated team members at Mr. Cooper will be offered the opportunity to join A&D Mortgage when the transaction is complete. The transaction is expected to close by March 31, 2025; the terms of the transaction have not been disclosed.
STRATMOR Group served as advisor to A&D in support of this transaction.
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