My approach to dealmaking is that its all about relationship building. Loans made or arranged pursuant to California Financing Law. The building at 2343 Superior Ave. was bought by RJL 2343 SA LLC, a group affiliated with CrossCountry Mortgage CEO Ron Leonhardt Jr., for $420,000, according to Cuyahoga County records. Lee Chilcote is a freelance writer and editor of The Land. Kickoff of Cross Country Mortgage HQ construction. Up to 5 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. President and CEO Founded in 2003, CrossCountry Mortgage is a top 10 retail mortgage lender nationwide and the largest based in Ohio. The journey to get here was anything from straightforward. To be one of the richest people on Earth, he had to do all these things in his life. COMPANY: When I first got into the business, I was with UC Lending. Durkin and his team are the top residential mortgage lending group in Philadelphia, financing more home purchase transactions than anyone else in the city. 2023 Advance Local Media LLC. That played a big role in Rons choice of this property for our headquarters. Made possible through support from the City of Cleveland, Team NEO, JobsOhio and the Ohio Development Services Agency, the headquarters project includes the restoration and renovation of four industrial buildings dating back to as early as 1913. 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. During an interview, Leonhardt said the cluster of historic buildings could become a new corporate headquarters for CrossCountry Mortgage, a nationwide residential lender with about 450 employees in Brecksville and hopes of doubling that headcount within five years. While the company will move into the former TAP headquarters, Cross County is also planning a future, second phase of the project that will feature multifamily apartment development and a new restaurant. 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. Its trying to stay in constant communication to make them feel like theyre connected. Ron Leonhardt, CEO of CrossCountry Mortgage, is proud to welcome the team from First Choice. Weve boosted our presence in Chicago and Philadelphia, where we really didnt have that big of a presence. CrossCountry Mortgage is poised for greatness in the 2020s. TAP Packaging + Design was formerly known as The Chilcote Company, a manufacturer of paperboard products. Gurpreets diverse background and management style are a real asset to AFN. 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 . Scotts industry knowledge and streamlined management of Secondary Marketing make him a true asset to the AFN executive team. I just look to make sure its not going to occupy a lot of my time and take me away from CrossCountry. We can take people right out of high school and offer them an amazing career path. They really are crazy good! American Financial Network, Inc. is an Equal Housing Lender. Box 602732, Cleveland OH 44102 | , The high cost of a conversation from Cuyahoga County jail, Iced out: Halloran Ice Rink, youth hockey mostly quiet amid leadership controversy, 76th One World Day celebrates Clevelands cultural diversity, Rite Aid at E. 105th and St. Clair closed with little advance notice to the Glenville neighborhood, Shaker Blvd. It was only six years ago when Leonhardt stepped away from personally being involved in loan originations. 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. In 2006, she was appointed general manager of marketing for Volkswagen of America, and in 2010 was selected by Sergio Marchionne, CEO of Chrysler Group, LLC, to be vice president and CEO of the FIAT brand, North America. Get Contact Info for All Departments. . Its either going to be our new headquarters or some type of housing. Products not available in all areas. John has a background in secondary marketing and now focuses most of his time on technology that is being used to drive down workload, turn times and cost to produce while improving the customer and employee experiences. We laid out a roadmap for success in our first meeting, and CCM never deviated from it. The company 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. Headquartered in Brea, CA, AFN built its reputation as an outstanding mortgage banking firm by serving the lending needs of real estate professionals, builders, and individual homebuyers throughout the United States. Twyla Hankins, Executive Vice President of Operations, joined the executive team in 2010. Our team committed to, and achieved, a smooth transition for the loan originators and we are seeing immediate success with this transaction. 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. So were looking at maybe building across the street on the VA site or doing something between Superior and Payne. 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. More than a team "As a mortgage industry financial executive, I was immediately struck by the outstanding balance sheet, but I quickly realized that the leadership was even more remarkable than the financials. SBN Staff. The bold move solidified the company and created momentum that has continued to build over the past decade. Executive Vice President, Secondary Marketing, Received every year since 2016 Scotsman Guide. With a proven track record, succeeding in all aspects of mortgage industry sales and operations, it was time for Jack to start his own company, with his own vision, thus AFN was formed. Were in an instant gratification type of culture right now. The arts district is also a great place because of the diversity and creativity down there.. ", 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. We are pleased that they chose to join us. Gurpreet brings in her several years of public accounting and retail management background. For 15 years, the Halloran Huskies youth hockey team allowed kids to play hockey for free, thanks to volunteers and fundraising. LinkedIn View on LinkedIn. You get guys who say, Hey, I want to do this, I want to do that, Leonhardt says. The company employs nearly 7,000 across its network of more than 500 office locations nationwide. A native of Detroit, Soave most recently was executive vice president, marketing and merchandising, for Icahn Automotive Group, where she directed the repositioning of the iconic Pep Boys brand and oversaw marketing activities for the companys Auto Plus, Precision Tune Auto Care and AAMCO Total Auto Care businesses. When you play football, its the ultimate team sport, Leonhardt says. 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. Copyright 2023 crosscountry mortgage, LLC. CrossCountry eclipsed $1 billion in loans for the first time in 2014. Founded in 2003, CrossCountry employs 2,600 people across the country. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). Keep our local journalism accessible to all. People were stuck in their houses, forced to work from home, and as a result, it was a tremendously busy time for us. Required fields are marked *. Susie brings more than two decades of experience as an energetic, knowledgeable, and highly valued HR Director. Property records dont reveal the aggregate price, but the parcels spanning roughly 6 acres are valued at more than $3 million by the Cuyahoga County Fiscal Office. A Free Quote has been submitted to you from [$siteName$]. When companies move down there, allows for more restaurants, cafes and bars because we have the community to support it.. Phone calls from this Ohio county jail cost eight times as much as calls from any Ohio state prison. Refer to www.nmlsconsumeraccess.org and input NMLS #237341 to see where American Financial Network, Inc. is a licensed lender. "Ron and his leadership team made this process transparent and clear. All sizes included in one envelope. But it can easily become a distraction if youre not careful. To celebrate its new role as a member of the Superior Arts District community, the company invited local artists Jenna Conforti, Scott Goss and Bob Peck + Rich Cihlar to offer live demonstrations of their work, and announced a yearlong competition that will award the winner an opportunity to showcase their art in the new headquarters. "Ron still knows everyone at the company," Stracensky . Effective leadership is all about engagement. I was playing softball four nights a week, Leonhardt says. It was a regulation that required people to be licensed, but it gave me an easier path to obtain these licenses. The Top 10 retail mortgage lender plans to repurpose four industrial buildings that date back to as early as 1913 for its new headquarters and home for about 600 employees. An investor with profits from a sale of stock or real estate, for example, can delay paying taxes on those gains by quickly putting the money into a fund that invests in a business or real estate project in an opportunity zone. The site is the former headquarters, packaging and warehouse facility for TAP Packaging + Design. 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. Thank You! 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. Regions Great Lakes, Midwestern US. The business was formerly known as The Chilcote Company, a manufacturer of paperboard products. A lifelong resident of Greater Cleveland, Ronald Leonhardt, Jr. founded CrossCountry Mortgage in 2003 after having worked several years as a loan officer and broker. She previously had been senior vice president and chief marketing and communications officer for Federal-Mogul Corporation, Southfield, Mich., one of the worlds premier manufacturers of vehicle components. We appreciate the close collaboration with our partners and CrossCountry Mortgage to help the company continue its success in Ohio.. They really are crazy good! When we open up a new location, we fly them into Cleveland, Leonhardt says. "It's been said that Pricing, Product, and Performance are the three Ps of the mortgage industry. We constantly evolve and adapt to ensure our employees are equipped with the right blend of products, service, and training to ensure that you have the best possible experience in one of the most important decisions in your life. The swank new HQ will include a 4,600 square foot training center that will train people for jobs in the mortgage industry, an 8,600 square foot gym, a coffee shop, and a commercial kitchen featuring rotating local restaurateurs. Soave earned a bachelor of business administration degree from Walsh College, Troy, Mich., and an MBA from University of Detroit Mercy. In 2020 despite the COVID-19 pandemic it funded 4265 billion in home purchases and refinance packages. There are so many different factors that can affect our business good or bad, Leonhardt says. Have a question? The former VA site is located just north of CrossCountrys current Miller Road offices. 5 myccmortgage.com; sbcglobal.net; crosscountrymtg.us; myccmorygage.com; hotmail.com; 5+ 440-465-XXXX; 440-552-XXXX; 440845XXXX; 216-351-XXXX . Ronald J. Leonhardt Jr., the president and CEO of Brecksville, Ohio-based CrossCountry Mortgage, bought a Miami Beach home for $11.79 million and is likely to tear it down. Web Net Worth. Records show Ronald J. Leonhardt, the president and CEO of Brecksville, Ohio-based . Ronald J. Leonhardt, Jr. founded CrossCountry Mortgage, Inc. in 2003 and currently serves as President and Chief Executive Officer. Through the guidance and vision of this leadership ensemble, American Financial Network, Inc. has experienced unprecedented growth both in same - store sales and through strategic recruiting and market expansion. Though Leonhardt has looked at other sites, these two are the leading candidates, he said of the Brecksville and Cleveland properties. 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. THIS SITE IS NOT AUTHORIZED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES. To be one of the richest people on Earth, he had to do all these things in his life. American Financial Network, Inc. (AFN) is a family owned company that focuses on values and relationships which we believe are the foundation of success. Thats why I get up in the morning, and its what keeps me up at night, so its a double-edged sword. a major real estate owner and investor in the neighborhood. The idea is to figure out which ones going to work out best long term. The relocation plan is far from a done deal. Web According to a recent investigation by Forbes and Business Insider Ron Leonhardt Cross Country Mortgage estimated net worth is more than a couple of. Copyright 2023 The Land, P.O. Your email address will not be published. Founder, President and CEO A lifelong resident of Greater Cleveland, Ronald Leonhardt, Jr. founded CrossCountry Mortgage in 2003 after having worked several years as a loan officer and broker. Additional options include down payment assistance, home equity products, and expedited closing programs. I think its an opportunity for a mix of new and old, to figure it out together.. CrossCountry Mortgage LLC American Financial Network, Inc. 10 Pointe Drive Brea CA 92821 CORP NMLS# 237341; Equal Opportunity Employer; California BRE License # 01317581; Equal Opportunity Lender. I don think it works if you just let someone open up a branch location without really sitting down and getting to know the person.. Her management expertise includes all aspects of Operations, including Loan Processing, Underwriting, Doc Preparation, Funding, Shipping, Post-Closing and Insuring. Leonhardt said that any development will involve restoration of the existing structures. "Ron and his leadership team made this process transparent and clear. ", 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. ", "In my 25-plus years of mortgage industry business development and recruiting I have never seen a company that truly puts the loan originator first, above the company," said Executive Vice President James Iley. Education: Baldwin Wallace University, sports management degree The subprime mortgage crisis that savaged the U.S. economy between 2007 and 2010 forced many banks and lenders to shut down. When the industry came out with the Nationwide Multistate Licensing System, some may have seen it as yet another regulatory burden. Take our reader survey! Rendering of renovated building facing Superior Ave. Soave said that while Cross Country had already become a top 10 mortgage lender prior to the Covid-19 pandemic, the events of the past year have accelerated their growth. We would like to show you a description here but the site won't allow us. 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. 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. CrossCountry Mortgage. Under his leadership, CrossCountry has become one of the nations largest and fastest growing retail mortgage lenders, and the largest based in Ohio. ", "We explored our options with several other companies, but CCM stood out," said Executive Vice President Norman Koenigsberg. Due to her background in general accounting, tax, and audit, she brings in lot of value to AFN. 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 . Brecksville Mayor Jerry Hruby was not available for comment Friday. It was important to them to have the whole block, Antonin Robert, GBXs president of community development, said of Pinney and Leonhardts group. Revenue for 2019 was about $600 million, and $1 billion is another big number hes got his eye on. Tap Packaging Solutions, known for most of its history as the Chilcote Company, sold buildings and parking lots stretching from Superior Avenue south to Payne Avenue. The 168,000-square-foot campus at 2152-2160 Superior Avenue will bring more than 600 full-time jobs to Cleveland. Jack started AFN in 2001, furthering an already successful career in mortgage lending. It enhances both our strategic growth in several regions as well as our consumer-direct component. Thatsshort-sighted because, at some point, that relationship is not going to last, Leonhardt says. Dealmaking can be lucrative, and it can be satisfying, Leonhardt says. At CrossCountry Mortgage LLC, however, the dark times provided the opportunity to plot a new way forward. 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. Four of the six New England states land in the top 10 making New England the highest net worth region in the . ButI really thrive in this type of environment.. Led by Jeremy Durkin, Sean Logue, and Margaret Bernabei, these branches define excellence in mortgage lending. Routinely youll see people in and out of my office, he says. (business & personal). The transition has been seamless. In December 2020, Leonhardt announced plans for a $46 million headquarters in Clevelands historic Superior Arts District east of downtown. 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. Ron Leonhardt Cross Country Mortgage is one of the most popular faces on the globe. It would be a giant hole in the wall of that historic district if they werent reused. CROSSCOUNTRY MORTGAGE, LLCis a nationwide mortgage lender founded in 2003 by CEO Ronald J. Leonhardt, Jr. 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. CCM was the company that more than met the requirements.". from 8 AM - 9 PM ET. Their production numbers speak for themselves, and their dedication to service is unsurpassed. Leonhardt is also an investor in three Slymans franchises, as well as Thirsty Dog East Bank and Dantes Inferno in the Flats. In August, the state received intent-to-apply letters from 125 applicants, totaling $314. (No Ratings Yet) The recent sale of an entire block at the eastern edge of downtown Cleveland foreshadows development including a possible corporate headquarters project in the Superior Arts District. His poetry chapbooks areThe Shape of HomeandHow to Live in Ruins. Pre-approval is subject to a satisfactory appraisal, satisfactory title search, and no meaningful change to borrower's financial condition. 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. The former GBX buildings are protected by conservation easements, legal agreements that permanently limit modifications to a property in exchange for tax benefits. We had a small mom-and-pop shop, and that feel is still here today. Like the tens of thousands of customers we help serve each year, we cant wait to move into our new home, located in an exciting and culturally rich neighborhood that has played a vital role in Clevelands history.. CLEVELAND, Dec. 20, 2021 /PRNewswire/ -- CrossCountry Mortgage (CCM), one of the nation's fastest growing retail mortgage lenders, is the Official. Additionally he ranked 24th nationally for most loans closed in. 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. Feb 8, 2021. Hey, this is the new set of rules. {{ userNotificationState.getAlertCount('bell') }}. By continuing to use this website, youconsentto the use of cookies in accordance with ourprivacy policy. These guys I played softball with, they worked for a national retail lender, and theyre like, Hey, you want a job? I said sure. 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. Under Susie's leadership the HR Department gracefully handles our continuous nationwide expansion. An investor group led by Ron Leonhardt Jr., the CEO of CrossCountry Mortgage, bought the Superior Avenue property late Friday, Sept. 9. When typing in this field, a list of search results will appear and be automatically updated as you type. Usually they partner up for comfort, but sometimes partnerships dont work out. The opportunity here is enormous.. CCM's reputation for integrity is well-deserved on all levels. The blend of innovation, professionalism, and industry knowledge within the CCM organization is unmatched, and I am thrilled to be part of it.". You just came to work every day hoping it wasnt going to be you as companies kept going out of business. In his current role as Chief Operating Officer & General Counsel, Jon is instrumental in offering operational as well as legal support to AFN, our branches and staff, and is a crucial member of our executive team. Our regional manager, my bosss boss, Dan David, worked out of that office. As AFNs General Counsel and Chief Compliance Officer, Andy works diligently to provide all necessary legal and compliance support to AFN, its branches, and staff, as well as overseeing AFNs licensing and marketing activities. Bachelor of Arts (Sports Management, Business), If you're not automatically redirected, please click here. All loans must satisfy company underwriting guidelines. Alderus Mortgage 9205 West Russell Road Building 3 Suite 240, Office #201 Las Vegas, NV 89148 ; All American Mortgage Funding . Four of the six New England states land in the top 10 making New England the highest net worth region in the country. Its old-fashioned hard work. And the purchase promised tax advantages for the buyers, who created an opportunity zone fund to make the acquisitions under a new, federal program established as part of tax reform in late 2017. He wouldnt put a firm timeline on a potential project or a decision about CrossCountrys headquarters, though the group already is working on designs and space planning with Vocon, an architecture firm based in Cleveland. No credit card required. As far as industry competition goes, Leonhardt says its anyone who offers a mortgage. By 2004, he was ready to make his own mark on the industry, which led him to start CrossCountry Mortgage. "The addition of this group is a terrific fit for us. Additional options include down payment assistance, home equity products, and expedited closing programs. all rights reserved. The company has nearly 3,000 employees and licenses in all 50 states. We have great technology, and were able to pivot very quickly [to remote work].. The cluster of buildings in Cleveland is much larger an estimated 270,000 to 280,000 square feet between the smaller former GBX buildings, at 2104 and 2110 Superior Ave., and the four-story main Chilcote building along with annex and warehouse space at 2160 Superior Ave. Were exploring all options with the site and really like the property in general, said Pinney, managing partner of the Kohrman Jackson & Krantz law firm, which is representing CrossCountry in negotiations about public incentives for the headquarters project. Cision Distribution 888-776-0942 I had no clue what I was going to do with a sports management degree. Free, thanks to volunteers and fundraising from CrossCountry is far from a done.. That required people to be one of the six new England the highest net worth region in morning... Management style are a real asset to AFN crosscountrymtg.us ; myccmorygage.com ; hotmail.com ; 5+ ;. An Equal Housing lender stay in constant communication to make his own mark on the globe CrossCountry 2,600. Is another big number hes got his eye on value to AFN her background in accounting. That has continued to build over the past decade business, I want to with... Feel is still here today to Live in Ruins past decade will more. Said of the richest people on Earth, he was ready to make sure its not to... Additionally he ranked 24th nationally for most loans closed in another big number hes got his on... Change to borrower 's Financial condition I was going to occupy a lot of value to AFN sport. Appear and be automatically updated as you type `` Ron and his leadership team made this process transparent and.! Employs 2,600 people across the country Inc. is an Equal Housing lender by new... With ourprivacy policy the requirements. `` several years of public accounting and retail background! 600 full-time jobs to Cleveland worked out of my time and take away... 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