CrossCountry Mortgage Acquires AmCap Home Loans

10, January, 2024

Cleveland, Ohio, January 10, 2024…  CrossCountry Mortgage (CCM), the nation’s number three distributed retail mortgage lender, has acquired AmCap Home Loans, a privately held mortgage lender headquartered in Houston, Texas.

Founded in 2002, AmCap Home Loans is a retail mortgage lender offering a wide range of home financing options. The company produced $3.16 billion in volume in 2022 and has received Top Workplace recognition for its exceptional company culture twelve years in a row.

"This acquisition is part of CCM’s growth strategy to increase market share and maintain our vision to become the most referred mortgage lender in every community we serve,” said Ron Leonhardt, CCM Founder and CEO. “AmCap Home Loans’ history of high-performance teams and strong company culture align with our values at CCM, creating an exciting synergy between our organizations that we are thrilled to bring together."

CCM has been recognized for creating an exceptional culture focused on growth and driving employee engagement. The company’s accolades include being named to the Inc. 5000 list of America’s fastest-growing private companies for the tenth year. The company was also ranked third in the country as a top retail mortgage lender in 2023, according to Scotsman Guide, and also had 235 CCM loan officers earn a prestigious spot on the Scotsman Guide Top Originators list.

“I am very proud of what we built at AmCap over the years, but I fully recognize what got us here wasn’t going to get us to where we ultimately wanted to be as a business unit,” says Garrett Clayton, AmCap Home Loans CEO. “I have considered Ron a friend and mentor for nearly ten years and I am honored to partner with him and work together in becoming the largest mortgage lender in the state of Texas.”

Terms of the acquisition, including financial information, will remain confidential.

About CrossCountry Mortgage

CrossCountry Mortgage (CCM)  is the nation's number three retail mortgage lender, with more than 7,000 employees operating nearly 800 branches and servicing loans across all 50 states. Our company has been recognized ten times on the Inc. 5000 list of America's fastest-growing private businesses and has received many awards for our standout culture. We offer more than 120 mortgage, refinance and home equity solutions – ranging from conventional and jumbo mortgages to government-insured programs for Veterans and rural homebuyers – and we are a direct lender and approved seller and servicer by Freddie Mac, Fannie Mae, and Ginnie Mae. Through our dedication to getting it done, we make every mortgage feel like a win.

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