Another critical piece in CrossCountrys growth is dealmaking. Box 602732, Cleveland OH 44102 | (216) 532-3875, Privacy Policy | Subscription Agreement | Terms of Use | Powered by Indiegraf Media, Get The Land's free newsletter in your inbox 2-3x a week. 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. CCM was the company that more than met the requirements.". Number of Founded Organizations 1. I want to make sure that theres a good working relationship and its not just a financial transaction. ", "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. Ron Leonhardt. 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 existing office building in Brecksville, which CrossCountry owns, is about 55,000 square feet. As CrossCountry has grown, Leonhardt has turned to real estate investing as a possible solution to his companys need for additional space. Copyright 2023 crosscountry mortgage, LLC. You just came to work every day hoping it wasnt going to be you as companies kept going out of business. CB Rank (Person) 40,197. The faster we can deliver, thats what people want. The company has nearly 3,000 employees and licenses in all 50 states. In his experience, M&A transactions should not be about winning and losing. In December 2020, Leonhardt announced plans for a $46 million headquarters in Clevelands historic Superior Arts District east of downtown. . Routinely youll see people in and out of my office, he says. Four of the six New England states land in the top 10 making New England the highest net worth region in the . When companies move down there, allows for more restaurants, cafes and bars because we have the community to support it.. Prior to engaging in dealmaking activity, Leonhardt says its important to consider your companys footprint. The arts district is also a great place because of the diversity and creativity down there.. Thats how I was raised, and its spilled over to the last 20 years of my career. The sky's the limit for us in 2021. Not Leonhardt. Leonhardt in 1997 earned a bachelor of arts degree from Baldwin Wallace University, Berea, Ohio, where he also was a member of the football and track teams. 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. "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. All loans must satisfy company underwriting guidelines. For 15 years, the Halloran Huskies youth hockey team allowed kids to play hockey for free, thanks to volunteers and fundraising. American Financial Network, Inc. (AFN) has been serving the lending needs of real estate professionals, builders and individual homebuyers throughout the United States since 2001. As he guides his team through these changes, Leonhardt takes a hands-on approach. 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. Stay up-to-date with local business news and networking events from Smart Business. 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. (business & personal). For more information, please visit crosscountrymortgage.com. The acquisition is the result of a thoughtful search process and extensive discussions between the leaders of the two companies. Get Contact Info for All Departments. LinkedIn View on LinkedIn. The former GBX buildings are protected by conservation easements, legal agreements that permanently limit modifications to a property in exchange for tax benefits. 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. 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. 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. 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. 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 Theres plenty of surface parking to support new development, he added. Regions Great Lakes, Midwestern US. ButI really thrive in this type of environment.. A Free Quote has been submitted to you from [$siteName$]. New elevators and other changes will ensure compliance with the Americans with Disabilities Act. Gurpreet brings in her several years of public accounting and retail management background. P.S. Lee Chilcote is a freelance writer and editor of The Land. It included the former headquarters, packaging and warehouse facility for TAP Packaging + Design along with properties owned by developer GBX Inc. 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. Andy joined AFNs legal team in 2014. The buyers acquired GBXs parking on the west side of the street and, in turn, turned over former Chilcote lots on the east side of the street to GBX. CCM was the company that more than met the requirements.". There are so many different factors that can affect our business good or bad, Leonhardt says. His achievement has been built on a foundation of hard effort. The Land is a local, nonprofit news organization that reports on Clevelands neighborhoods. YouTubes privacy policy is available here and YouTubes terms of service is available here. For more information about CrossCountry Mortgage, visit www.crosscountrymortgage.com. Right Ron Leonhardt Cross Country Mortgage Net Worth - Phone Number, House Address, Wiki Read More 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. So really I just stumbled into it. It was only six years ago when Leonhardt stepped away from personally being involved in loan originations. CROSSCOUNTRY MORTGAGE, LLC is a top 10 retail mortgage lender in America, founded in 2003 by CEO Ronald J. Leonhardt, Jr. Thats why I get up in the morning, and its what keeps me up at night, so its a double-edged sword. Our executive team is comprised of industry professionals with over 200 years of combined mortgage industry experience. I think its an opportunity for a mix of new and old, to figure it out together.. Leonhardt said he and fellow investors in the Superior Avenue block, who formed a 50-50 partnership, had taxable gains they needed to reinvest. 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. Web CrossCountry eclipsed 1 billion in loans for the first time in 2014. 47+ ron leonhardt cross country mortgage net worth Rabu, 22 Februari 2023 Edit. Records show Ronald J. Leonhardt, the president and CEO of Brecksville, Ohio-based . His leadership is instrumental in AFNs continual advances and growth, which included doubling market share over the last 5 years and bringing the company to its current rank of one of the top mortgage lenders in the United States. Nonbank lender CrossCountry Mortgage has secured $400 million in funding through a loan facility with Ares Management. Under his leadership, CrossCountry has become one of the nation's largest and fastest growing retail mortgage So that was one of the key things for us getting in all 50 states. ", "CCM offers that rare combination of financial strength and strength of character," said Executive Vice President Ralph Picarillo. 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. Continue with Recommended Cookies, Your email address will not be published. But it can easily become a distraction if youre not careful. My attorney gave me that advice when I started the company. million verified professionals across 35 million companies. The project will include extensive masonry and structural restoration, roof replacement, utility upgrades and installation of nearly 160 windows. 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. "Ron and his leadership team made this process transparent and clear. CrossCountry Mortgage LLC In 2020, despite the COVID-19 pandemic, it funded $42.65 billion in home purchases and refinance packages, representing 198.1% growth year-over-year, ranking third among HousingWires top 15 mortgage lenders. When the industry came out with the Nationwide Multistate Licensing System, some may have seen it as yet another regulatory burden. It was a regulation that required people to be licensed, but it gave me an easier path to obtain these licenses. American Financial Network, Inc. (AFN) is a family owned company that focuses on values and relationships which we believe are the foundation of success. Ronald Leonhardt, Jr. Founded in 2003, CrossCountry employs 2,600 people across the country. 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. Ronald J. Leonhardt Jr., the president and CEO of Brecksville, Ohio-based CrossCountry Mortgage, bought a Miami Beach home for $11.79 million and is likely to tear it down. An investor group led by Ron Leonhardt Jr., the CEO of CrossCountry Mortgage, bought the Superior Avenue property late Friday, Sept. 9. Not all applicants qualify. As far as industry competition goes, Leonhardt says its anyone who offers a mortgage. CrossCountry Mortgage is poised for greatness in the 2020s. Since we launched The Land in 2020, weve brought our readers independent, on-the-ground reporting that helps them become more engaged in Cleveland. 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. So weve outgrown the building. Or, if youre a parent who wants to get back in the work force, or want a change of career, now well have an awesome state of the art training facility.. Community is everything Laura Soave, the companys chief brand officer, said the passion behind the project came from founder and CEO Ron Leonhardt Jr., a Cleveland native who aims to help revitalize the city. He began his career in the mortgage industry later that year, working as a loan officer and broker before establishing CrossCountry Mortgage with the assistance of two relatives and three other employees. Have a question? Thats how I got licensed in all 50 states, he says. With a proven track record, succeeding in all aspects of mortgage industry sales and operations, it was time for Jack to start his own company, with his own vision, thus AFN was formed. To be one of the richest people on Earth, he had to do all these things in his life. Thats the approach I take. A native of Detroit, Soave most recently was executive vice president, marketing and merchandising, for Icahn Automotive Group, where she directed the repositioning of the iconic Pep Boys brand and oversaw marketing activities for the companys Auto Plus, Precision Tune Auto Care and AAMCO Total Auto Care businesses. The opportunity here is enormous.. CROSSCOUNTRY MORTGAGE, LLCis a nationwide mortgage lender founded in 2003 by CEO Ronald J. Leonhardt, Jr. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. A native of North Royalton, Ohio, Stracensky joined CrossCountry in January 2012 as just the fifth member of its underwriting department. Usually they partner up for comfort, but sometimes partnerships dont work out. Through his direction and leadership over the past 12 years, Mr. Leonhardt has developed CrossCountry Mortgage, Inc. from a single branch with less than 10 employees to a nationally recognized . OK, well play with them. Thats what has helped us. The company offers a broad portfolio of . Im like, Where are you going to make more money? Sure you can make money flipping a house. Our team committed to, and achieved, a smooth transition for the loan originators and we are seeing immediate success with this transaction. More than a team Bachelor of Arts (Sports Management, Business), If you're not automatically redirected, please click here. Andy earned a Juris Doctor degree from University of California, Irvine School of Law and has over 15 years of real estate industry experience. And the purchase promised tax advantages for the buyers, who created an opportunity zone fund to make the acquisitions under a new, federal program established as part of tax reform in late 2017. It will help us continue to attract smart, hardworking new team members who appreciate having an inspiring place to go to work every day.. Share. The 113-year-old manufacturer plans to relocate. Ron Leonhardt started CrossCountry Mortgage, Inc., in 2004, and in less than 15 years it has expanded from one branch in suburban Cleveland to 185 across the U.S. 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. Reader support is crucial as we continue to shed light on underreported neighborhoods in Cleveland. 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. Ron Leonhardt is the Founder and CEO at CrossCountry Mortgage. 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. Would you make more if you spent that time at work? A company affiliated with CrossCountry Mortgage CEO Ron Leonhardt Jr. has acquired a parking lot behind the ArtCraft Building in downtown . The company has more than 6,000 employees and licenses in all 50 states. Rates are changing daily, and there are new opportunities daily. PHILADELPHIA, Jan.28, 2021 /PRNewswire/ --CrossCountry Mortgage, LLC (CCM), a top 10 retail mortgage lender in America with headquarters in Brecksville, Ohio, is excited to announce the opening of new Philadelphia and New York branches, dramatically expanding the company's reach in the Pennsylvania, New York, New Jersey and Connecticut markets. CCM has all three, and more. Kickoff of Cross Country Mortgage HQ construction. When you roll out that type of atmosphere, your employees arent looking over their backs because they know you have their back. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); Ron Leonhardt Cross Country Mortgage is one of the most popular faces on the globe. Sign up to receive advice from business professionals, or register for information on our networking events near you! Their production numbers speak for themselves, and their dedication to service is unsurpassed. Her responsibilities today include overseeing a team of more than 300 production underwriters. Manage Settings We laid out a roadmap for success in our first meeting, and CCM never deviated from it. Whats the best business advice As AFNs General Counsel and Chief Compliance Officer, Andy works diligently to provide all necessary legal and compliance support to AFN, its branches, and staff, as well as overseeing AFNs licensing and marketing activities. A pre-approval does not constitute a loan commitment or guarantee of a loan. 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. 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 culture. Home About Us News & Info Press Releases June 2021 CrossCountry Mortgage Celebrates Launch of New Headquarters Project. 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