Take our reader survey! Scott has over 20 years of solid mortgage industry experience, with a channeled focus on secondary marketing. She serves on the corporate board of K&N Engineering, a global manufacturer of automotive performance filtration products and also is a member of the Walsh College Foundation Board of Directors. ABOUT CROSSCOUNTRY MORTGAGEFounded in 2003 by CEO Ronald J. Leonhardt, Jr., CrossCountry MortgageLLCis a top 10 retail mortgage lender nationwide with licenses in all 50 states. In late 2018, a group led by Leonhardt and KJK Managing Partner Jon Pinney bought all of the buildings and parking lots between Superior and Payne avenues and East 21st and 22nd streets in Cleveland I look forward to a long, dynamic collaboration with Jeremy, Sean and Margaret. Additional options include down payment assistance, home equity products, and expedited closing programs. BRECKSVILLE, Ohio, May 14, 2020 /PRNewswire/ -- CrossCountry Mortgage, LLC (CCM), a nationwide mortgage lender headquartered in Brecksville, Ohio, is pleased to announce the acquisition of the assets of New Jersey-based residential mortgage lender First Choice Loan Services Inc. Her management expertise includes all aspects of Operations, including Loan Processing, Underwriting, Doc Preparation, Funding, Shipping, Post-Closing and Insuring. It really formed my way of handling certain type of issues or problems and leadership in general. Records show Ronald J. Leonhardt, the president and CEO of Brecksville, Ohio-based . We would like to show you a description here but the site won't allow us. CROSSCOUNTRY MORTGAGE, LLC is a top 10 retail mortgage lender in America, founded in 2003 by CEO Ronald J. Leonhardt, Jr. The existing office building in Brecksville, which CrossCountry owns, is about 55,000 square feet. NAME: ", "Reputation is everything in this business," said Bernabei, "and CrossCountry Mortgage's reputation for superior customer service and competitive rates is the perfect fit for our clients and referral partners. The company has more than 6,000 employees and licenses in all 50 states. Thank You! As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. At CrossCountry Mortgage LLC, however, the dark times provided the opportunity to plot a new way forward. Thats really when the company took off, because I was able to concentrate more on building the infrastructure and actually recruiting and things like that, he says. youve gotten? CCM has all three, and more. Im looking for a new headquarters, Leonhardt says. ButI really thrive in this type of environment.. Hey, this is the new set of rules. Rendering of renovated building facing E. 22nd St. We had a small mom-and-pop shop, and that feel is still here today. The company has nearly 3,000 employees and licenses in all 50 states. What was your first job? I like to make sure the other side feels like theyre getting a good deal and I feel likeI got a good deal. We can take people right out of high school and offer them an amazing career path. The president and CEO of an Ohio-based mortgage company spent $11.8 million on a waterfront Hibiscus Island home. I just dont think that happens anymore. Weve done three acquisitions in the last year, and were about to do two more, Leonhardt says. This is another outstanding example of continued progress toward the revitalization of an historic neighborhood and it brings new growth opportunities to Northeast Ohio, said J.P. Nauseef, JobsOhio president and CEO. Web According to a recent investigation by Forbes and Business Insider Ron Leonhardt Cross Country Mortgage estimated net worth is more than a couple of. We are pleased that they chose to join us. When companies move down there, allows for more restaurants, cafes and bars because we have the community to support it.. I made the decision to recapitalize the company to boost its net worth. ", "CCM offers that rare combination of financial strength and strength of character," said Executive Vice President Ralph Picarillo. (Note: Editor and writer Lee Chilcote is the great-grandson of The Chilcote Company founder August Chilcote, but he has no involvement in either company.). Our team committed to, and achieved, a smooth transition for the loan originators and we are seeing immediate success with this transaction. The sky's the limit for us in 2021. Andy earned a Juris Doctor degree from University of California, Irvine School of Law and has over 15 years of real estate industry experience. Construction is scheduled to be completed by the end of the year. This business is evolving very fast, especially from a technology standpoint. As far as industry competition goes, Leonhardt says its anyone who offers a mortgage. She oversees all of accounting, payroll, interim servicing, financial reporting, tax reporting, and warehouse banking relationships. All sizes included in one envelope. Sundt joined CrossCountry after more than 12 years at VIP Mortgage, where he served as a manager. The borrower just wants an instant loan. CROSSCOUNTRY MORTGAGE, LLC is a top 10 retail mortgage lender in America, founded in 2003 by CEO Ronald J. Leonhardt, Jr. PHONE NUMBERS DISPLAYED ARE NOT FOR USE BY NEW YORK BORROWERS. Executive Vice President, Secondary Marketing, Received every year since 2016 Scotsman Guide. The real estate deal included 2104 and 2110 Superior Ave., at right, and the historic Chilcote Company manufacturing facility, center, at 2160 Superior Ave. CLEVELAND, Ohio The recent sale of a city block at the eastern edge of downtown Cleveland points to large-scale development plans in the Superior Arts District, where longtime manufacturing buildings could become a corporate headquarters supporting hundreds of jobs. Under his leadership, CrossCountry has become one of the nation's largest and fastest growing retail mortgage lenders, and the largest based in Ohio. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Founded in 2003, CrossCountry Mortgage is a top 10 retail mortgage lender nationwide and the largest based in Ohio. The entrepreneurial spirit that courses through the veins of this company is electrifying, and I could not be more excited to pursue excellence and reunite with some of my favorite people in the industry. His approach to how he ran things, how he ran meetings, his approach to problems and things like that, I took a liking to it. The facility will feature a 4,600-square-foot training center where the company will help prepare thousands of participants to become next-generation mortgage professionals. Cleveland, Ohio, Dec. 20, 2021CrossCountry Mortgage (CCM), one of the nation's fastest growing retail mortgage lenders, is the Official Mortgage Partner of the 2021 Lockheed Martin Armed Forces Bowl, which will be played Wednesday night at Amon G. Carter Stadium in Fort Worth, Texas. In Northeast Ohio and across the country, Census tracts earmarked as economically distressed opportunity zones offer investors the ability to put off or avoid paying capital gains taxes. His achievement has been built on a foundation of hard effort. The consent submitted will only be used for data processing originating from this website. Top Crosscountry Mortgage Employees Ron Leonhardt Founder and CEO. Stracensky has played a pivotal role in designing and implementing administrative processes that have enabled CrossCountry to achieve record growth without sacrificing quality or efficiency. You can become an originator, a closer, right here, she said. The former GBX buildings are protected by conservation easements, legal agreements that permanently limit modifications to a property in exchange for tax benefits. Our executive team is comprised of industry professionals with over 200 years of combined mortgage industry experience. All loans must satisfy company underwriting guidelines. In addition to overseeing the growth of CrossCountry Mortgage, Leonhardt is an owner of several iconic Northeast Ohio restaurants, brew pubs and other establishments. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Refer to www.nmlsconsumeraccess.org and input NMLS #237341 to see where American Financial Network, Inc. is a licensed lender. When you play football, its the ultimate team sport, Leonhardt says. A direct lender and approved seller and servicer by Freddie Mac, Fannie Mae and Ginnie Mae, CCM offers a broad portfolio of home purchase and refinance programs ranging from conventional and jumbo . Continue with Recommended Cookies, Your email address will not be published. "CCM is committed to providing excellent customer service through the latest technology, offering a broad range of loan products that allow us to assist more consumers, giving us access to lower rates, and sharing some really cool marketing toys to play with. Four of the six New England states land in the top 10 making New England the highest net worth region in the . THIS SITE IS NOT AUTHORIZED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES. They . I like to think thats the approach we take to things here., Leonhardts path to entrepreneurial success was not obvious upon his 1997 graduation from Baldwin Wallace. The journey to get here was anything from straightforward. in your life? Licensing is a perfect example, he says. Property records dont reveal the aggregate price, but the parcels spanning roughly 6 acres are valued at more than $3 million by the Cuyahoga County Fiscal Office. To that end, Leonhardt estimates that of the 350 CrossCountry locations in the U.S., hes had dinner with at least 300 of the branch managers. I want to make sure that theres a good working relationship and its not just a financial transaction. The potential tax savings are higher for investors who maintain their stake longer, with a break not only on reinvested capital gains but also on profits from the opportunity-zone deals. Additional options include down payment assistance, home equity products, and expedited closing programs. The Top 10 retail mortgage lender plans to repurpose four industrial buildings that date back to as early as 1913 for its new headquarters and home for about 600 employees. Prior to AFN, Jack served as Sr. Vice President of Production & Operations at Majestic Mortgage and Mortgage Capital Resources, managing multiple operations in the Western US. Save my name, email, and website in this browser for the next time I comment. Jennifer Stracensky is chief operating officer of CrossCountry Mortgage, one of the nations largest and fastest growing retail lenders, and the largest based in Ohio. ", Regarding First Choice's Mortgage Program for Costco Members, Executive Vice President Bill Schneider added, "There was an extensive review process on both sides to ensure that that Program would go forward with the high level of service required to provide the outstanding experience Costco members expect. As this historic neighborhood continues to rise, so does its creative energy, said Laura Soave, chief brand officer. In 2014, CrossCountry funded just over $1 billion in loans; Leonhardt expected that total to top $15 billion in 2019 and, if all goes according to plan, $20 billion is well within reach in the very near future. "The addition of this group is a terrific fit for us. "It's been said that Pricing, Product, and Performance are the three Ps of the mortgage industry. "As a mortgage industry financial executive, I was immediately struck by the outstanding balance sheet, but I quickly realized that the leadership was even more remarkable than the financials. Whats the best business advice Leonhardt said he and fellow investors in the Superior Avenue block, who formed a 50-50 partnership, had taxable gains they needed to reinvest. Did you like this story? 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The blend of innovation, professionalism, and industry knowledge within the CCM organization is unmatched, and I am thrilled to be part of it.". The building at 2343 Superior Ave. was bought by RJL 2343 SA LLC, a group affiliated with CrossCountry Mortgage CEO Ron Leonhardt Jr., for $420,000, according to Cuyahoga County records. Community Rules apply to all content you upload or otherwise submit to this site. Slowly over time, as Ive brought more people in, Ive been able to get out of a lot of that and focus more on growth. As one of the fastest growing mortgage bankers in the United States, we opened our doors in 2001 and have since expanded with many community based branches across the nation. Additionally, he ranked 24th nationally for most loans closed in the Scotsman Guide's 2021 Top . The acquisition is the result of a thoughtful search process and extensive discussions between the leaders of the two companies. The company has nearly 3000. BRECKSVILLE, Ohio, May 14, 2020 /PRNewswire/ -- CrossCountry Mortgage, LLC (CCM), a nationwide mortgage lender headquartered in Brecksville, Ohio, is pleased to announce the acquisition of the assets of New Jersey-based residential mortgage lender First Choice Loan Services Inc. Search over 700 ", "We explored our options with several other companies, but CCM stood out," said Executive Vice President Norman Koenigsberg. That south side of the street there its very intact as one of Clevelands original garment districts, said Tom Yablonsky, who helped establish the Superior Avenue historic district in 2007 and who serves as executive vice president of the Downtown Cleveland Alliance and executive director of the Historic Gateway Neighborhood Corp., which has a conservation easement program. Dealmaking can be lucrative, and it can be satisfying, Leonhardt says. Large swaths of Cleveland, including the central business district, the Superior Arts District and other close-lying areas, made the U.S. Treasurys list of approved opportunity zones last year. Ron Leonhardt President and CEO CrossCountry Mortgage, Inc. Brecksville, Ohio Nominated by: Michelle Novak, CrossCountry Mortgage, Inc. and David Ferguson, Merrill Corporation. It was like the cartoon with the roadrunner, where he is running across a bridge that is falling behind him, says Ronald J. Leonhardt Jr., the companys president and CEO. Under his leadership, CrossCountry has become one of the nations largest and fastest growing retail mortgage lenders, and the largest based in Ohio. Jack also spent 10 years with Commonwealth United Mortgage, advancing from Branch Manager to Area Manager to Regional Manager faster than any of his peers. It was a regulation that required people to be licensed, but it gave me an easier path to obtain these licenses. We are a Direct Lender with delegated authority to underwrite, fund, and service Fannie Mae, Freddie Mac, FHA, USDA, VA, and Jumbo loanproducts in-house. On Dec. 28, a company tied to Ron Leonhardt, Jr., president and chief executive officer of Brecksville-based CrossCountry Mortgage, Inc., and an investor group led by high-profile Cleveland . A company affiliated with CrossCountry Mortgage CEO Ron Leonhardt Jr. has acquired a parking lot behind the ArtCraft Building in downtown . All rights reserved (About Us). Cision Distribution 888-776-0942 Made possible through support from the City of Cleveland, Team NEO, JobsOhio and the Ohio Development Services Agency, the headquarters project includes the restoration and renovation of four industrial buildings dating back to as early as 1913. Its trying to stay in constant communication to make them feel like theyre connected. ", "In my 25-plus years of mortgage industry business development and recruiting I have never seen a company that truly puts the loan originator first, above the company," said Executive Vice President James Iley. LinkedIn View on LinkedIn. "I can't think of a more exciting way to start 2021," said Ron Leonhardt, CrossCountry Mortgage CEO. The bold move solidified the company and created momentum that has continued to build over the past decade. CrossCountry also is exploring whether it makes sense to build a new headquarters in Brecksville, as part of a much larger, mixed-use makeover of the former U.S. Department of Veterans Affairs campus at Brecksville and Miller roads. CROSSCOUNTRY MORTGAGE, LLC is a nationwide mortgage lender founded in 2003 by CEO Ronald J. Leonhardt, Jr. An investor group led by Ron Leonhardt Jr., the CEO of CrossCountry Mortgage, bought the Superior Avenue property late Friday, Sept. 9. Get Contact Info for All Departments. If its got a Cleveland angle and its historic and iconic, he wants to be part of it. Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. Additional options include down payment assistance, home equity products, and expedited closing programs. Truly the CCM difference. I took every penny I had personally and put it into the company. Copyright 2023 crosscountry mortgage, LLC. When I was still closing loans, I met with almost every borrower locally, Leonhardt says. (No Ratings Yet) For more information about CrossCountry Mortgage, visit www.crosscountrymortgage.com. Their production numbers speak for themselves, and their dedication to service is unsurpassed. CCM's reputation for integrity is well-deserved on all levels. The cluster of buildings in Cleveland is much larger an estimated 270,000 to 280,000 square feet between the smaller former GBX buildings, at 2104 and 2110 Superior Ave., and the four-story main Chilcote building along with annex and warehouse space at 2160 Superior Ave. Were exploring all options with the site and really like the property in general, said Pinney, managing partner of the Kohrman Jackson & Krantz law firm, which is representing CrossCountry in negotiations about public incentives for the headquarters project. The recent sale of an entire block at the eastern edge of downtown Cleveland foreshadows development including a possible corporate headquarters project in the Superior Arts District. Ron Leonhardt Founder and CEO of CrossCountry Mortgage, LLC (NMLS3029 NMLS32151) Headquartered in Brea, CA, AFN built its reputation as an outstanding mortgage banking firm by serving the lending needs of real estate professionals, builders, and individual homebuyers throughout the United States. The project will include extensive masonry and structural restoration, roof replacement, utility upgrades and installation of nearly 160 windows. "Not only are the dollars allocated to advance the loan originators and build their market share, but they take first position on all marketing. The bar was at the forefront of the craft cocktail movement when it was founded in 1996 by Paulius Nasvytis at 2095 Columbus Road. So that was one of the key things for us getting in all 50 states. Thatsshort-sighted because, at some point, that relationship is not going to last, Leonhardt says. Ronald J. Leonhardt, Jr. founded CrossCountry Mortgage, Inc. in 2003 and currently serves as President and Chief Executive Officer. Similar Profiles. You just came to work every day hoping it wasnt going to be you as companies kept going out of business. In the meantime, hell keep plugging away at guiding his business forward. We laid out a roadmap for success in our first meeting, and CCM never deviated from it. "Not only are the dollars allocated to advance the loan originators and build their market share, but they take first position on all marketing. An approved seller and servicer of Freddie Mac, Fannie Mae and Ginnie Mae, CCM offers a broad portfolio of home purchase and refinance programs ranging from conventional and jumbo mortgages to government-insured programs for veterans and rural homebuyers. Jon joined AFN as Chief Compliance Officer and General Counsel in 2010. The acquisition is the result of a thoughtful search process and extensive discussions between the leaders of the two companies. The company employs nearly 7,000 across its network of more than 500 office locations nationwide. Kickoff of Cross Country Mortgage HQ construction. Laura Soave, an award-winning marketing, communications and brand development executive for several global businesses, was appointed chief brand officer of CrossCountry Mortgage in April 2021. Twyla Hankins, Executive Vice President of Operations, joined the executive team in 2010. Our Mission is to be the best, most trusted, and admired mortgage lenders with unique, affordable and convenient products while maintaining a close, family-oriented . The project originally dates back to December 2018, when Cross Country Mortgage bought the entire six-acre block between East 21st and East 22nd Streets from Superior to Payne Avenues. Not Leonhardt. 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