AD Mortgage, a provider of non-QM and residential mortgage-backed securities (RMBS), announced on Friday the successful launch of a $602.7 securitization deal, its largest to date.

The transaction, which follows the company’s first deal of the year, a $567.42 million transaction, marks AD’s 30th securitization of AD-originated collateral and the 21st to receive ratings from Fitch Ratings. In December, the company also launched a $417.15 million RMBS pool backed by 1,163 loans.

Victor Kutnetsov, asset manager at Imperial Fund Asset Management, said the deal represents a “defining milestone” for the firm. “It reflects not only the continued strength details ⇒

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