Full-Time
Posted on 5/9/2026
Originates and services home loans nationwide
No salary listed
Remote in USA
Remote
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CrossCountry Mortgage provides home loan and mortgage refinancing solutions tailored to individuals, serving first-time homebuyers, current homeowners looking to refinance, and borrowers seeking renovation loans. It operates through an online platform and a nationwide network of loan originators across the United States, and it also services existing loans. The company earns revenue from interest on loans, origination fees, and related financial services. Its process combines online application with hands-on guidance from local loan originators, aiming for fast approvals and personalized service. Distinguishing factors include its wide geographic reach, a strong emphasis on customer education, and a direct, consultative approach through a network of loan professionals. The goal is to help more people achieve homeownership and financing goals by offering tailored loan options, clear information, and efficient processing.
Company Size
5,001-10,000
Company Stage
Debt Financing
Total Funding
$1.9B
Headquarters
Brecksville, Ohio
Founded
2003
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401(k) Retirement Plan
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Wellness Program
Summit Funding, a Sacramento-based mortgage company, is laying off 163 employees following its acquisition by Cross Country Mortgage. The redundancies will take effect on 17 May. The loan company, located at 2135 Butano Drive in Arden Arcade, specialises in personal or household loans with lower interest rates. The layoffs affect positions across accounting, loan servicing, underwriting and executive roles including the chief operating officer. Summit Funding is licensed in 48 states and ranks among the top 35 retail lenders nationally. Cross Country Mortgage CEO Ron Leonhardt described the acquisition as a partnership offering the team "access to more tools, greater opportunities and increased earning potential". Affected employees may receive separate communications about employment opportunities with Cross Country Mortgage.
Two Harbors Investment Corp (TWO) has agreed to be acquired by CrossCountry Mortgage in an all-cash deal valuing TWO at $10.80 per share. The mortgage servicing rights-focused REIT terminated its previous merger agreement with UWM Holdings Corporation, with CrossCountry paying the $25.4 million termination fee. The transaction combines CrossCountry, America's largest distributed retail mortgage lender, with TWO's mortgage servicing platform and its subsidiary RoundPoint Mortgage Servicing. The merged entity will span the full mortgage customer lifecycle from origination through servicing. TWO's board has unanimously approved the merger, which requires shareholder approval and regulatory clearances. The deal is expected to close in the second half of 2026 and is not subject to financing conditions. Upon completion, TWO will delist from the New York Stock Exchange and become a wholly owned subsidiary of CrossCountry.
CrossCountry Mortgage acquires Summit Funding, Inc. CLEVELAND, March 18, 2026 /PRNewswire/ - CrossCountry Mortgage (CCM), the nation's number one retail mortgage lender for the third consecutive year, has entered into an agreement to acquire Summit Funding, Inc., a privately-held mortgage banker and servicer headquartered in Sacramento, California. "Our number one focus over the last few years has been to build a company where the best talent in the industry wants to come to work," said Ron Leonhardt, Founder and CEO, CrossCountry Mortgage. "Summit Funding has a reputation for high-performance teams and has a great group of talented originators. This is exciting for both of our companies. We're looking forward to bringing their team onboard to support communities across the country." Founded in 1995, Summit Funding, Inc., is licensed to do business in 48 states, serving as one of the top 35 retail lenders in the nation. "After running a private mortgage bank for over 30 years, I know that growth doesn't happen by accident. It happens through scale, investment and a commitment to supporting the teams out in the field every day," said Todd Scrima, CEO, Summit Funding, Inc. "Partnering with the nation's number one retail mortgage lender is going to give our team access to more tools, greater opportunities and increased earning potential - building the momentum for our originators to reach new heights." Terms of the acquisition, including financial information, will remain confidential. About CrossCountry Mortgage CrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 8,000 employees operating over 700 branches and servicing loans across all 50 states, D.C. and Puerto Rico. Its company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received many awards for its standout culture. The AI Journal Ltd. offer more than 120 mortgage, refinance and home equity solutions - ranging from conventional and jumbo mortgages to government-insured programs from FHA and programs for Veterans and rural homebuyers - and The AI Journal Ltd. is a direct lender and approved seller and servicer by Freddie Mac, Fannie Mae and Ginnie Mae NMLS #3029. Through its dedication to getting it done, The AI Journal Ltd. make every mortgage feel like a win. SOURCE CrossCountry Mortgage 8 minutes ago 23 minutes ago 34 minutes ago
CrossCountry Mortgage, the US's largest retail mortgage lender for three consecutive years, has agreed to acquire Summit Funding, a Sacramento-based mortgage banker and servicer. Financial terms of the deal remain confidential. Founded in 1995, Summit Funding operates in 48 states and ranks among the top 35 retail lenders nationally. The acquisition will bring Summit's team of originators under CrossCountry Mortgage's operations. CrossCountry Mortgage CEO Ron Leonhardt said the move aligns with the company's focus on attracting top industry talent. Summit CEO Todd Scrima stated the partnership would provide his team with enhanced tools, opportunities and earning potential. CrossCountry Mortgage operates over 700 branches across all 50 states with more than 8,000 employees, offering over 120 mortgage products.
CrossCountry Mortgage has appointed Nicole Rueth as senior vice president in the Denver market. Rueth brings over 24 years of mortgage industry experience and joins CCM with her entire team. Consistently ranking among Colorado's top producers, Rueth has built a reputation for both production excellence and long-term borrower success. She has also served as a strategic mentor to numerous mortgage and real estate professionals in the region. The hire reinforces CCM's position as the nation's number one retail mortgage lender for the third consecutive year. The company closed 2025 with record results, financing one in 35 homes sold nationwide by volume in Q4, serving over 131,000 families and originating more than $51 billion in total volume.