The 168,000-square-foot complex, scheduled to open in late 2021, will bring more than 600 jobs to the city. Under his leadership, CrossCountry has become one of the nations largest and fastest growing retail mortgage lenders, and the largest based in Ohio. Its that philosophy that has Leonhardt thinking about another big goal for his business. Sundt joined CrossCountry after more than 12 years at VIP Mortgage, where he served as a manager. Share. CrossCountry Mortgage, a Brecksville-based lender that has been toying with a move to Cleveland, is firming up its plans for a corporate headquarters project just east of downtown.. Cleveland City Council is considering an incentive package for the project, which could bring more than 500 jobs to the Superior Arts District and anchor a mixed-use redevelopment of vacant buildings and parking . "The addition of this group is a terrific fit for us. 2023 Advance Local Media LLC. When the industry came out with the Nationwide Multistate Licensing System, some may have seen it as yet another regulatory burden. He is a founder and past executive director of Literary Cleveland, an organization with a mission of developing writers, amplifying voices, andtransformingour community through storytelling. He lives in the Detroit Shoreway neighborhood of Cleveland with his family. CCM's reputation for integrity is well-deserved on all levels. 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. Refer to www.nmlsconsumeraccess.org and input NMLS #237341 to see where American Financial Network, Inc. is a licensed lender. The Crosscountry Mortgage management team includes Ron Leonhardt (Founder and CEO), Dean Thevaos (Chief Technology Officer), and Frank Plenskofski (Chief Financial Officer) . The 113-year-old manufacturer plans to relocate. Thats the approach I take. By continuing to use this website, youconsentto the use of cookies in accordance with ourprivacy policy. "We are thrilled to welcome this outstanding group to CCM. Gurpreet brings in her several years of public accounting and retail management background. 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. 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. I took every penny I had personally and put it into the company. 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. I like to make sure the other side feels like theyre getting a good deal and I feel likeI got a good deal. Scott has over 20 years of solid mortgage industry experience, with a channeled focus on secondary marketing. "The addition of this group is a terrific fit for us. 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. The company has nearly 3,000 employees and licenses in all 50 states. 18 billion A corporate billionaire lawyer in Bangkok Thailand Wichai Thongtang successfully represented former Thai Prime Minister Thaksin. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Routinely youll see people in and out of my office, he says. 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 . . No credit card required. The relocation plan is far from a done deal. 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. CrossCountry Mortgage. The acquisition is the result of a thoughtful search process and extensive discussions between the leaders of the two companies. In addition, she is responsible for the companys financing, closing, post-closing, credit risk, construction, loan support and training operations. Scott McGinley, Executive Vice President of Secondary Marketing, joined the AFN executive team in 2009. 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. Soave began her career in 1997 with Ford Motor Company, where she directed development of the corporate brand platform and repositioning of the Mercury brand. 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 attorney Jon Pinney bought all of the buildings and parking lots between Superior and Payne avenues and East 21st and 22nd streets. We are pleased that they chose to join us. 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. The company, currently based in Brecksville, has appeared seven times on the Inc. 5000 list of the nations fastest growing private businesses and has been recognized four times as a Northcoast 99 winner, representing the best workplaces for top talent in Northeast Ohio. Since she joined AFN, mortgage accounting fascinated her, and she continued to excel and deepen her understanding of mortgage industry. 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. Ron Leonhardt, CEO of CrossCountry Mortgage, is proud to welcome the team from First Choice. A 7,100-foot commons area will be illuminated by a 40- by 60-foot skylight. . CCM has all three, and more. It would be a giant hole in the wall of that historic district if they werent reused. They really are crazy good! 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. Web Ronald J. 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. The 168,000-square-foot campus at 2152-2160 Superior Avenue will bring more than 600 full-time jobs to Cleveland. So were looking at maybe building across the street on the VA site or doing something between Superior and Payne. Her management expertise includes all aspects of Operations, including Loan Processing, Underwriting, Doc Preparation, Funding, Shipping, Post-Closing and Insuring. CROSSCOUNTRY MORTGAGE, LLCis a nationwide mortgage lender founded in 2003 by CEO Ronald J. Leonhardt, Jr. Did you like this story? Our executive team is comprised of industry professionals with over 200 years of combined mortgage industry experience. She oversees all of accounting, payroll, interim servicing, financial reporting, tax reporting, and warehouse banking relationships. Not Leonhardt. Manage Settings Education: Baldwin Wallace University, sports management degree Theyre all competition, he says. We laid out a roadmap for success in our first meeting, and CCM never deviated from it. 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 improvements include swapping out the old factory windows for new ones, replacing the roof, and upgrading all of the utilities. Licensing is a perfect example, he says. Cross Country Mortgage, a fast-growing mortgage lender with nearly 6,800 employees nationwide, broke ground last week on its new headquarters in the Superior Arts District near downtown Cleveland. The business was formerly known as The Chilcote Company, a manufacturer of paperboard products. Alderus Mortgage 9205 West Russell Road Building 3 Suite 240, Office #201 Las Vegas, NV 89148 ; All American Mortgage Funding . We are pleased that they chose to join us. Community Rules apply to all content you upload or otherwise submit to this site. P.S. It included the former headquarters, packaging and warehouse facility for TAP Packaging + Design along with properties owned by developer GBX Inc. Durkin and his team are the top residential mortgage lending group in Philadelphia, financing more home purchase transactions than anyone else in the city. I had no clue what I was going to do with a sports management degree. Every day, every month, is different. CrossCountry Mortgage CEO Ron Leonhardt Jr. has acquired the Velvet Tango Room, one of Cleveland's leading cocktail bars located between the city's Tremont and Ohio City neighborhoods, according to news reports. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Dont have a partner. Information and pricing are subject to change at any time and without notice. Cision Distribution 888-776-0942 all rights reserved. John has over two decades of solid mortgage industry experience that began years prior to opening AFN in 2001. The project will include extensive masonry and structural restoration, roof replacement, utility upgrades and installation of nearly 160 windows. The company has nearly 3,000 employees and licenses in all 50 states. 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. 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. You want to make sure that youre not saturating a specific market where you already have a footprint, he says. Dealmaking can be lucrative, and it can be satisfying, Leonhardt says. NAME: With over 30 years of industry experience, Twyla has devoted her career to building exceptional mortgage lending operations, providing a foundation for success for several mortgage lenders. The public will be invited to vote for their favorite artist in each round at PainttheDistrict.com. We havent had one year where we took a step back. "I can't think of a more exciting way to start 2021," said Ron Leonhardt, CrossCountry Mortgage CEO. The public will be invited to vote for their favorite artist in each round at PainttheDistrict.com. Ronald J. Leonhardt, Jr. founded CrossCountry Mortgage, Inc. in 2003 and currently serves as President and Chief Executive Officer. Another change is technology. For more information about CrossCountry Mortgage, visit www.crosscountrymortgage.com. Take our reader survey! 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 . The president and CEO of an Ohio-based mortgage company spent $11.8 million on a waterfront Hibiscus Island home. 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. The company has nearly 3,000 employees and licenses in all 50 states. It will help us continue to attract smart, hardworking new team members who appreciate having an inspiring place to go to work every day.. At CCM, our vision is to become the most referred mortgage lender in every community we serve and make a difference in the neighborhoods where you work and live. YouTubes privacy policy is available here and YouTubes terms of service is available here. I want to make sure that theres a good working relationship and its not just a financial transaction. Ronald J. Leonhardt Jr., the president and CEO of Brecksville, Ohio-based CrossCountry Mortgage, made a quick profit as he flipped a pair of Miami Beach home lots for a combined $27 million. CROSSCOUNTRY MORTGAGE, LLC is a top 10 retail mortgage lender in America, founded in 2003 by CEO Ronald J. Leonhardt, Jr. Im like, Where are you going to make more money? Sure you can make money flipping a house. With nearly 6,800 employees, it operates in all 50 states through a network of over 500 offices, more than 300 of which have opened in the past two years. Feb 8, 2021. youve gotten? 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. Four of the six New England states land in the top 10 making New England the highest net worth region in the country. Save my name, email, and website in this browser for the next time I comment. The borrower just wants an instant loan. Who has played an influential role The existing office building in Brecksville, which CrossCountry owns, is about 55,000 square feet. We are the quintessential Cleveland story we have built this business from the ground up through hard work and a shared commitment to make the mortgage process easy, stress-free and rewarding, Leonhardt said. Founded in 2003 by CEO Ronald J. Leonhardt, Jr., CrossCountry Mortgage, LLC is a nationwide mortgage lender with licenses in all 50 states. Our team committed to, and achieved, a smooth transition for the loan originators and we are seeing immediate success with this transaction. 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. OK, well play with them. Thats what has helped us. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. 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. ", "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. That was my first experience in any type of professional setting. His achievement has been built on a foundation of hard effort. ", "We explored our options with several other companies, but CCM stood out," said Executive Vice President Norman Koenigsberg. Were hoping well inspire them to bring more biz down there, she said. Copyright 2023 American Financial Network, Inc. All rights reserved. The faster we can deliver, thats what people want. Her responsibilities today include overseeing a team of more than 300 production underwriters. These guys I played softball with, they worked for a national retail lender, and theyre like, Hey, you want a job? I said sure. He is a member of the Mortgage Bankers Association, Washington, D.C., and Ohio Mortgage Bankers Association (Ohio MBA), Westerville, Ohio. An example of data being processed may be a unique identifier stored in a cookie. As far as industry competition goes, Leonhardt says its anyone who offers a mortgage. Additional options include down payment assistance, home equity products, and expedited closing programs. It enhances both our strategic growth in several regions as well as our consumer-direct component. 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. Another critical piece in CrossCountrys growth is dealmaking. 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. I think its an opportunity for a mix of new and old, to figure it out together.. Primary Job Title Founder and CEO. Gurpreet is a California licensed CPA and joined AFN in 2014. Participants will be able to explore new career paths while learning and working in a beautifully restored facility located in an amazing part of Cleveland. {{ userNotificationState.getAlertCount('bell') }}. 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. Copyright 2023 The Land, P.O. Ron Leonhardt Founder And Ceo Crosscountry Mortgage Llc Linkedin. With solid experience recruiting, hiring, managing personnel onboarding and offboarding, enforcing workplace compliance and safety, and administering benefits and payroll, Susie offers Team AFN the dependable and reliable support our growing staff requires. 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. 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. 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. 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. CCM's reputation for integrity is well-deserved on all levels. This business is evolving very fast, especially from a technology standpoint. I just dont think that happens anymore. In August, the state received intent-to-apply letters from 125 applicants, totaling $314. Brecksville Mayor Jerry Hruby was not available for comment Friday. Web CROSSCOUNTRY MORTGAGE LLC is a nationwide mortgage lender founded in 2003 by CEO Ronald J. Their production numbers speak for themselves, and their dedication to service is unsurpassed. ", 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. 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. To be one of the richest people on Earth, he had to do all these things in his life. 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.. Our success and expansion is built on core values including streamlined and efficient operations that optimize organizational output as well as an approach to customer service founded on exceeding expectations. Thats one of the key things for me as an individual and us as a company. According to the release, the $46 million project is made possible in part through tax credits and incentives from the city of Cleveland, Team NEO, Jobs Ohio and the Ohio Development Services Agency. You have to be able to adapt to them. Leonhardt brings a competitive spirit to his work at CrossCountry, much of which stems from his time playing football at Baldwin Wallace University. 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. THIS SITE IS NOT AUTHORIZED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES. a company that lists Leonhardt as a signatory, bought . 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. That type of scale wasnt Leonhardts goal when he started the business. Have a question? 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. So weve outgrown the building. Thats how I was raised, and its spilled over to the last 20 years of my career. CEO Ron Leonhardt entered the mortgage business after his days at Baldwin Wallace, and he started CrossCountry in 2004. The transaction doesn't appear yet in public records, but both the seller and buyer confirmed that the deal is done. Up to 5 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. 10 making New England the highest net worth region in the wall of that historic district they... Her, and its spilled over to the city growth in several regions as well our. 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