Cross Country Mortgage Sign In (2024)

FAQs

What is the cross country mortgage scandal? ›

CrossCountry Mortgage LLC won a bid to arbitrate a proposed collective action by loan officers who say the company violated the Fair Labor Standards Act and related state laws by misclassifying them as exempt from overtime, failing to pay them minimum wage, and paying them commission only.

Our streamlined loan review process can help you buy or refinance in just 21 days.

The bottom line: CrossCountry Mortgage is a very strong mortgage lender overall, particularly for borrowers looking for affordable mortgage options or those who might not qualify elsewhere. CrossCountry offers a wide range of mortgages, including a variety of government-backed options.

We are licensed in all 50 states and are a direct lender and approved seller and servicer by Freddie Mac, Fannie Mae and Ginnie Mae.

CCM also allegedly didn't maintain accurate records of employee hours worked, did not provide a guaranteed weekly salary of at least $455.00 per state and federal laws and failed to pay workers at least twice each calendar month.

Leonhardt founded Ohio-based CrossCountry in 2003. He also has a home in Ohio and owns several restaurants and brew pubs in Ohio, according to CrossCountry's website.

CrossCountry Mortgage Ranked Third in the Country as a Top Retail Mortgage Lender.

CrossCountry Mortgage doesn't publish its minimum borrower requirements online. You'll typically need a credit score of at least 620 for a conventional loan and a maximum debt-to-income (DTI) ratio of 50%.

Ronald Leonhardt, Jr.

founded CrossCountry Mortgage in 2003 after having worked several years as a loan officer and broker.

How many states are cross country mortgages in? ›

Founded in 2003 and licensed in 50 states, CrossCountry Mortgage continues to grow at an exponential rate— investing in the most experienced and talented branch managers and loan originators in the industry.

' Many mortgage lenders routinely transfer loans to other companies who have the capability to better service the loan over its lifetime. Your mortgage isn't being singled out, but more likely is simply one among many in a very large transaction.

On 18 June 2008, a Congressional ethics panel started examining allegations that Democratic Senators Christopher Dodd of Connecticut (the sponsor of a major $300 billion housing rescue bill) and Kent Conrad of North Dakota received preferential loans by troubled mortgage lender Countrywide Financial Corp.

Close to 800 employees transitioned from Alamo, California-based LendUS to CCM. And almost a year into being acquired, 600 employees from LendUS remain. Dillenberg says that since the acquisition, he is turning his attention to bringing more branches onboard to join his division.

Bank of America Home Loans is the mortgage unit of Bank of America. It previously existed as an independent company called Countrywide Financial from 1969 to 2008. In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion.

Investcorp and PSP have acquired majority ownership in RLH Equity Partners' portfolio company, CrossCountry Consulting. Founded in 2011, CrossCountry provides accounting, finance, risk, operations, cyber, and technology-enabled transformation solutions for the Office of the CFO in public and private organizations.