A&D Confirms Mr. Cooper Wholesale, Non-Del Takeover On Heels Of Rocket Announcement

ByTMN Editor Reading Time: 1 minute

On the heels of Rocket’s stunning Mr. Cooper acquisition announcement, A&D Mortgage confirmed it bought Mr. Cooper’s wholesale and non-delegated correspondent arms.

The combined businesses represent $10 billion in originations funded in 2024 and a broker network of over 8,500 partners.

It was first reported in January, but confirmation of the closing came just a day after Rocket Companies announced that it is acquiring Mr. Cooper in an all-stock deal valued at $9.4 billion. That deal is expected to be completed by Q4 2025.

Mr. Cooper previously acquired its wholesale and non-delegated arm from Flagstar in November 2024. It paid $1.4 billion in cash, arranged from available cash and drawdowns of existing MSR lines.

Team members from the two impacted divisions have officially joined A&D Mortgage, the company said in a press release.

A&D now offers brokers and partners a comprehensive suite of 20+ mortgage programs; enhanced operational efficiency and industry-best turnaround times; and “revolutionary” mortgage technology, including NextGen Partner Portal (AIM) and the first integrated Non-QM AUS in mortgage history.