Introduction
Cross Country Mortgage is a well-known mortgage lender in the United States, but who exactly owns the company? In this article, we will delve into the ownership of Cross Country Mortgage and explore the key players involved.
Ownership Structure
Cross Country Mortgage is a privately held company, meaning it is not publicly traded on the stock market. As of the time of writing, the majority ownership of Cross Country Mortgage is held by its founder and CEO, Ronald J. Leonhardt Jr.
Ronald J. Leonhardt Jr. founded Cross Country Mortgage in 2003 with a vision to provide exceptional mortgage services to borrowers across the nation. Under his leadership, the company has grown significantly and has become one of the top mortgage lenders in the country.
Investors and Partnerships
While Ronald J. Leonhardt Jr. is the majority owner of Cross Country Mortgage, the company has also attracted investments from various partners and investors. These investments have helped fuel the company’s growth and expansion.
One notable investor in Cross Country Mortgage is private equity firm Stone Point Capital. Stone Point Capital is a leading private equity firm specializing in the financial services sector. Their investment in Cross Country Mortgage has provided additional resources and expertise to support the company’s strategic initiatives.
Cross Country Mortgage has also formed partnerships with other industry players to enhance its offerings and reach more borrowers. For example, the company has partnered with real estate technology firm Blend to streamline the mortgage application process and provide a seamless digital experience for borrowers.
Company Growth and Recognition
Under the ownership of Ronald J. Leonhardt Jr., Cross Country Mortgage has experienced significant growth and has received recognition for its achievements. The company has been consistently ranked among the top mortgage lenders in the United States.
In 2020, Cross Country Mortgage funded over $57 billion in mortgage loans, making it one of the largest mortgage lenders in the country. The company’s commitment to customer service and innovative mortgage solutions has earned it a strong reputation in the industry.
Conclusion
In conclusion, Cross Country Mortgage is primarily owned by its founder and CEO, Ronald J. Leonhardt Jr. The company has also attracted investments from partners such as Stone Point Capital, a private equity firm specializing in the financial services sector. Cross Country Mortgage’s growth and success can be attributed to its strong leadership and strategic partnerships.
References
1. Cross Country Mortgage: https://www.crosscountrymortgage.com/
2. Stone Point Capital: https://www.stonepoint.com/
3. Blend: https://www.blend.com/
