CrossCountry Mortgage Continues Expansion of its Asset Management Arm, CrossCountry Capital, the Nation's Leading Vertically Integrated Non-Agency Origination and Investment Platform

CrossCountry Capital and its partners have received $1+ billion of equity capital commitments representing $20+ billion of new loan investments

CLEVELAND, Sept. 18, 2025 /PRNewswire/ -- CrossCountry HoldCo, LLC (CCM HoldCo), the parent company of CrossCountry Mortgage, LLC (CCM), the nation's largest distributed retail mortgage lender, announced the expansion of its asset management arm, CrossCountry Capital, LLC (CCC), with key partners including an Ares Alternative Credit fund and Hildene Capital Management. CCC will further expand its non-QM investment platform as well as add complementary asset classes including residential transition loans, construction and vertical builder finance, multi-family lending, and HELOC and second-lien strategies.

Founded in 2003, CCM is the largest retail mortgage lender in the U.S., operating approximately 960 retail locations across all 50 states as well as a scaled servicing portfolio that acts as a natural hedge to its origination business.

Founded in 2022, CCC has quickly grown to build a large-scale non-agency asset management platform with over $7 billion in loans under management and a top-3 non-agency securitization program under the "CROSS" shelf encompassing over 50 unique institutional investors.

"We pride ourselves in having built the number one retail mortgage lender and look forward to continuing to support our borrowers and loan officers with exceptional service and the broadest range of products.  The growth of CCC positions CCM to uniquely capitalize on the current market environment, something no other mortgage company is doing right now," said Ron Leonhardt, Founder and CEO of CCM. "The continued expansion of CCC allows us to further diversify our business model outside of core origination and servicing activities in a capital-light manner, and is a testament to our proven track record of originating high-quality non-agency mortgage investments," added Madhur Agarwal, CFO of CCM.

"We are pleased to see the continued strong support from our partners. The additional capital will enhance our ability to scale, provide flexible capital solutions, and capture the growing opportunities in the non-agency mortgage market while addressing the financing needs of borrowers underserved by traditional lenders," said Steven Ujvary, Managing Partner at CCC.

About CrossCountry Mortgage
CrossCountry Mortgage (CCM) is the nation's number one distributed retail mortgage lender with more than 8,000 employees operating approximately 960 branches and servicing loans across all 50 states, D.C. and Puerto Rico. 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 from FHA and 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 (NMLS #3029). Through our dedication to getting it done, we make every mortgage feel like a win.

About CrossCountry Capital
CrossCountry Capital (CCC) is an asset management and services firm focused on the residential housing sector. CCC sources and invests in mortgage-related investments throughout the broader residential housing ecosystem, co-invests in assets it sources and provides securitization and loan management support to its strategic partners. More information is available at www.cccap.com.

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SOURCE CrossCountry Mortgage