"Our servicing portfolio by year-end will be approximately $200 billion, and we've acquired $72 billion in MSRs year to date, Ron Leonhardt, the company's CEO and founder, said in an exclusive interview with HousingWire. The company's pro forma second-quarter 2025 MSR portfolio stood at roughly $143 billion, it claims. We think it's super important for LOs that they know that we retain all of our loans, and we're actively marketing their databases for them and trying to get them back qualified customers."
"Another strategic move was the creation of an asset management division a few years ago. This arm, which already manages $7 billion in assets, recently closed a $1 billion funding deal with Ares Alternative Credit and Hildene Capital Management, representing roughly $20 billion in potential new non-QM loans. We created the asset manager and the non-QM seccuritization platform, and we view it as being an important piece of our future, as diversifying our revenue for the company, Leonhardt said."
CrossCountry Mortgage is prioritizing organic growth through acquiring mortgage servicing rights (MSRs) and building an asset management arm rather than pursuing mergers and acquisitions. The servicing portfolio is projected near $200 billion by year-end, with $72 billion in MSRs acquired year to date and a pro forma second-quarter 2025 MSR portfolio around $143 billion. The company retains loans and actively markets loan officer databases to reconnect qualified borrowers. The asset management division manages $7 billion, closed a $1 billion funding deal with Ares and Hildene, and represents roughly $20 billion of potential non‑QM loans, supporting revenue diversification. A $900 million debt issuance was recently completed after earlier high‑yield offerings were passed on due to pricing.
Read at www.housingwire.com
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