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17 February 2025 February 2025 » I N D U S T R Y U P D A T E 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: • A diverse portfolio of 20+ mortgage programs tailored to meet every loan scenario including Agency, Govern- ment, Jumbo, and non-QM • Industry-leading turnaround times • Advanced technologies including proprietary origination technology • A partner-focused "YES" approach delivering unmatched support "It took almost three years of screen- ing candidates ,and finally we found what we were looking for," Lana Izgarsheva, Chief Operating Officer of A&D Mort- gage, 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 com- plete. The transaction is expected to close by March 31, 2025; the terms of the transaction have not been disclosed. GO MORTGAGE, PACIFIC RESIDENTIAL MORTGAGE ANNOUNCE STRATEGIC MORTGAGE LENDING MERGER G o Mortgage announced its merger with Pacific Residential Mortgage (PacRes), a lender based in the Pacific Northwest. The merger creates one of the most creative and active lending companies in the market by combining two reputable mortgage providers. With its headquarters still located in Columbus, Ohio, the merger places Go Mortgage as the surviving company and allows it to enter new markets around the country. By utilizing state-of-the-art tech- nology and the combined resources of both companies, this strategic alignment aims to improve services for team mem- bers, business partners, and borrowers. "This merger represents a sig- nificant step forward in our mission to create a best-in-class mortgage company," said Michael Isaacs, CEO of Go Mortgage. "With PacRes' strong foundation in the Pacific Northwest and our well-established presence in the Midwest and East Coast, we are unique- ly positioned to serve customers across the country. Our combined resources and new high-tech solutions—such as automated underwriting, pre-approvals, and disclosures—will drive efficiencies, enhance the customer experience, and support the next phase of our growth." Economies of scale from the com- bination will result in cost savings and increased lending volumes, allowing for competitive pricing and a wider range of products. A strong leadership team that combines the best aspects of both businesses will also help the merged corporation succeed in the future. Melissa Stashin, President of PacRes and now President of the combined company, added, "By joining forces, we are combining our complementary strengths and creating a platform that can scale nationally while still main- taining the personal, relationship-based service our customers and partners value. Together, we're not just merging companies; we're building a vision for the future of mortgage lending." The leadership team for the newly combined company includes: • Michael Isaacs, CEO • Melissa Stashin, President • Andrew Panagos, COO • Eric Wiley, Chief Growth Officer • Casey Delinsky, SVP of Capital Markets • Dave Swecker, CFO • Lindsy Gwozdz, SVP of Compliance, General Counsel A common dedication to innovation and excellence is reflected in the merg- er. By simplifying the mortgage appli- cation process and facilitating quicker, more precise service, the incorporation of cutting-edge technology will further improve consumer satisfaction. "It took almost three years of screening candidates, and finally we found what we were looking for. 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!" —Lana Izgarsheva, Chief Operating Officer, A&D Mortgage