She also was responsible for establishing the companys industry-leading career development program, which each year helps hundreds of trainees gain the knowledge and certifications necessary for successful careers in the mortgage industry. Routinely youll see people in and out of my office, he says. To my knowledge this is one of the first successful bank-to-non-bank integrations following the passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act. Stay up-to-date with local business news and networking events from Smart Business. Information and pricing are subject to change at any time and without notice. This site uses cookies to provide you with a great user experience. Truly the CCM difference. CEO Ron Leonhardt entered the mortgage business after his days at Baldwin Wallace, and he started CrossCountry in 2004. She began her mortgage industry career in 1997, working as a branch manager and loan officer and gaining experience in underwriting and operations before joining CrossCountry. It was important to them to have the whole block, Antonin Robert, GBXs president of community development, said of Pinney and Leonhardts group. Executive Vice President, Secondary Marketing, Received every year since 2016 Scotsman Guide. While the company will move into the former TAP headquarters, Cross County is also planning a future, second phase of the project that will feature multifamily apartment development and a new restaurant. Sign up to receive advice from business professionals, or register for information on our networking events near you! from 8 AM - 9 PM ET. In the meantime, hell keep plugging away at guiding his business forward. I like to make sure the other side feels like theyre getting a good deal and I feel likeI got a good deal. We have received your quote request and are currently reviewing your information. 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. Her responsibilities today include overseeing a team of more than 300 production underwriters. Web The average net worth there is 884003. The bar was at the forefront of the craft cocktail movement when it was founded in 1996 by Paulius Nasvytis at 2095 Columbus Road. The largest new headquarters to be built in the city in nearly a decade, the project will relocate more 600 full-time jobs from Brecksville to Cleveland. No credit card required. The company has nearly 3,000 employees and licenses in all 50 states. 11:38 am. Box 602732, Cleveland OH 44102 | , The high cost of a conversation from Cuyahoga County jail, Iced out: Halloran Ice Rink, youth hockey mostly quiet amid leadership controversy, 76th One World Day celebrates Clevelands cultural diversity, Rite Aid at E. 105th and St. Clair closed with little advance notice to the Glenville neighborhood, Shaker Blvd. million verified professionals across 35 million companies. Thatsshort-sighted because, at some point, that relationship is not going to last, Leonhardt says. As far as industry competition goes, Leonhardt says its anyone who offers a mortgage. When we moved into this building, we had 40 people, Leonhardt says of the Brecksville location. The faster we can deliver, thats what people want. ", "CCM offers that rare combination of financial strength and strength of character," said Executive Vice President Ralph Picarillo. This is not an offer for extension of credit or commitment to lend. The sky's the limit for us in 2021. Products not available in all areas. Similar Profiles. Its trying to stay in constant communication to make them feel like theyre connected. In this key role, Scott oversees all aspects of Secondary Marketing, manages the company pipeline and product development, and contributes to Loan Originator training and post-closing management. When you roll out that type of atmosphere, your employees arent looking over their backs because they know you have their back. American Financial Network, Inc. is licensed by the California Department of Financial Protection and Innovation under the California Financing Law License (6038771) and holds a CA Bureau of Real Estate, Real Estate Broker's License (01317581) under Nationwide Mortgage Licensing System (NMLS), unique identifier of 237341. Were hoping well inspire them to bring more biz down there, she said. Andy joined AFNs legal team in 2014. 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. 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 In December 2020, Leonhardt announced plans for a $46 million headquarters in Clevelands historic Superior Arts District east of downtown. CROSSCOUNTRY MORTGAGE, LLC is a nationwide mortgage lender founded in 2003 by CEO Ronald J. Leonhardt, Jr. The blend of innovation, professionalism, and industry knowledge within the CCM organization is unmatched, and I am thrilled to be part of it.". By 2004, he was ready to make his own mark on the industry, which led him to start CrossCountry Mortgage. Our team committed to, and achieved, a smooth transition for the loan originators and we are seeing immediate success with this transaction. Up to 5 A lot of times when people want to go into business or start a business, there is an uneasiness about going and doing it yourself. Cookie Settings/Do Not Sell My Personal Information. Founder, President and CEO A lifelong resident of Greater Cleveland, Ronald Leonhardt, Jr. founded CrossCountry Mortgage in 2003 after having worked several years as a loan officer and broker. Pre-approval is subject to a satisfactory appraisal, satisfactory title search, and no meaningful change to borrower's financial condition. Local reporting and journalism you can count on. The public will be invited to vote for their favorite artist in each round at PainttheDistrict.com. Not all applicants qualify. John has a background in secondary marketing and now focuses most of his time on technology that is being used to drive down workload, turn times and cost to produce while improving the customer and employee experiences. tenants express frustration and distrust at meeting as owner promises to fix buildings, Employee-owned Glenville laundry plans $1 million expansion, more jobs, I helped build that: Programs aim to increase Latino representation in Cleveland construction workforce, Groundbreaking Cleveland Civil Rights Trail adds more sites, celebrates civil rights movement here, Op-Ed: Its time to renew the fight against housing voucher discrimination, Cleveland aims to add a senior-level arts leader to the Bibb administration, Film Commission races to develop film production workforce, attract more movies to Cleveland, Suit shop, speakeasy set to reinvent long-vacant Lorain Ave. funeral home, Fab House project brings together stories, visual art, and state-of-the-art tech in Glenville, Skulls and celebrations: this Saturday, Da de Muertos is back in Cleveland. Every day, every month, is different. 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. ", 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. The journey to get here was anything from straightforward. It enhances both our strategic growth in several regions as well as our consumer-direct component. New elevators and other changes will ensure compliance with the Americans with Disabilities Act. The president and CEO of an Ohio-based mortgage company spent $11.8 million on a waterfront Hibiscus Island home. Will you become a monthly member to help us continue to produce news by, for, and with the community? Copyright 2023 The Land, P.O. 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. Last year was one of the busiest home purchase years. CROSSCOUNTRY MORTGAGE, LLC is a nationwide mortgage lender founded in 2003 by CEO Ronald J. Leonhardt, Jr. Cross Country Mortgage, a fast-growing mortgage lender with nearly 6,800 employees nationwide, recently broke ground on its new headquarters in the Superior Arts District near downtown Cleveland. They really are crazy good! TITLE: 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. 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. Phone calls from this Ohio county jail cost eight times as much as calls from any Ohio state prison. CrossCountry Mortgage. As someone who is ambitious, forward-thinking, dedicated to excellence, and eager to grow, I chose CCM as the local, like-minded lender that shares my goals. An investor group led by Ron Leonhardt Jr., the CEO of CrossCountry Mortgage, bought the Superior Avenue property late Friday, Sept. 9. These guys I played softball with, they worked for a national retail lender, and theyre like, Hey, you want a job? I said sure. Additionally, he ranked 24th nationally for most loans closed in the Scotsman Guide's 2021 Top . Leonhardt said he and fellow investors in the Superior Avenue block, who formed a 50-50 partnership, had taxable gains they needed to reinvest. Done the wrong way, this can become intimidating as employees feel like they constantly have someone looking over their shoulders. Its old-fashioned hard work. Weve boosted our presence in Chicago and Philadelphia, where we really didnt have that big of a presence. Contact usor review ourprivacy policyfor more information. Ronald J. Leonhardt, Jr. founded CrossCountry Mortgage, Inc. in 2003 and currently serves as President and Chief Executive Officer. Get Contact Info for All Departments. Its either going to be our new headquarters or some type of housing. Weve done three acquisitions in the last year, and were about to do two more, Leonhardt says. Reader support is crucial as we continue to shed light on underreported neighborhoods in Cleveland. I just dont think that happens anymore. Primary Organization. In his current role as Chief Operating Officer & General Counsel, Jon is instrumental in offering operational as well as legal support to AFN, our branches and staff, and is a crucial member of our executive team. View original content:http://www.prnewswire.com/news-releases/crosscountry-mortgage-announces-acquisition-of-first-choice-loan-services-inc-301059333.html, Plus500. ", "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. December 20, 2019. CrossCountry Mortgage is on the Inc. 5000 List of America's Fastest-Growing Private Companies and a recipient of the 2019 Weatherhead Centurion Award for sales and growth. CLEVELAND, Dec. 20, 2021 /PRNewswire/ -- CrossCountry Mortgage (CCM), one of the nation's fastest growing retail mortgage lenders, is the Official. Web Net Worth. CrossCountry Mortgage is on the Inc. 5000 List of America's Fastest-Growing Private Companies and was a recipient of the 2019 Weatherhead Centurion Award for sales and growth. youve gotten? free lookups / month. The company might need 80,000 to 90,000 square feet to accommodate growth. The relocation plan is far from a done deal. Manage Settings Lee Chilcote is an award-winning writer and author whose work has been published inThe Washington Post, The Associated Press, Vanity Fair, The Cleveland Plain Dealer, Cleveland Magazineand many others. During an interview, Leonhardt said the cluster of historic buildings could become a new corporate headquarters for CrossCountry Mortgage, a nationwide residential lender with about 450 employees in Brecksville and hopes of doubling that headcount within five years. What I enjoy about my work is the same thing that gives me heartburn that constant change and grind, he says. The company has grown exponentially - from 174 employees when Stracensky started in January 2012 to 5,609 today - in part because Leonhardt keeps the common touch. Who has played an influential role Ron Leonhardt Founder And Ceo Crosscountry Mortgage Llc Linkedin. The subprime mortgage crisis that savaged the U.S. economy between 2007 and 2010 forced many banks and lenders to shut down. The borrower just wants an instant loan. I took every penny I had personally and put it into the company. During Covid, we were deemed an essential industry, she said. I had no clue what I was going to do with a sports management degree. A pre-approval does not constitute a loan commitment or guarantee of a loan. Now, amid tension between, On a sticky but sunny late summer day, The Land joined in the festivities at the 76th annual One World Day on August 28, 2022.. "The addition of this group is a terrific fit for us. 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. 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 . Additionally he ranked 24th nationally for most loans closed in. "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. Take our reader survey! Brecksville Mayor Jerry Hruby was not available for comment Friday. 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. from 8 AM - 9 PM ET. Soave earned a bachelor of business administration degree from Walsh College, Troy, Mich., and an MBA from University of Detroit Mercy. View this months Smart Business magazines on our easy to view, Digital Platform. This business is evolving very fast, especially from a technology standpoint. "I can't think of a more exciting way to start 2021," said Ron Leonhardt, CrossCountry Mortgage CEO. If its got a Cleveland angle and its historic and iconic, he wants to be part of it. Have a question? Her management expertise includes all aspects of Operations, including Loan Processing, Underwriting, Doc Preparation, Funding, Shipping, Post-Closing and Insuring. The company 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. The forefront of the Brecksville location weve done three acquisitions in the meantime, keep... 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