CrossCountry Mortgage (CCM), the nation’s number one retail mortgage lender, today announced the successful completion of its acquisition of Two Harbors Investment Corp. and its wholly owned subsidiary, RoundPoint Mortgage Servicing LLC. The transaction marks a significant milestone in CCM’s evolution, substantially expanding its servicing scale and bringing servicing operations in-house.
Expanding CCM’s mortgage servicing capabilities
“This transaction represents the next transformational step in the evolution of CrossCountry Mortgage,” said Ron Leonhardt, Founder and CEO of CrossCountry Mortgage. “For more than 20 years, we’ve built CCM by investing in our people, technology and operations while staying focused on delivering for our customers. By combining the nation’s leading retail mortgage franchise with a scaled servicing portfolio and RoundPoint’s proven servicing capabilities, we’re creating what we believe is a one-of-one mortgage company. We now have the ability to serve customers throughout the life of their loan — from origination and servicing through their next financing need. That creates a better experience for our customers, greater opportunities for retention and recapture, and a stronger, more durable business for the long term.”
The acquisition significantly expands CCM’s mortgage servicing portfolio while providing greater control over the customer relationship throughout the life of the loan. The addition of the Two Harbors portfolio also meaningfully expands CCM’s customer base, creating additional opportunities to leverage its national retail origination franchise and consumer-direct capabilities to deepen relationships with existing borrowers. Bringing servicing operations in-house through RoundPoint’s experienced team and established operating platform further integrates CCM’s origination and servicing capabilities, enhancing customer retention and recapture opportunities across the combined platform.