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. Leonhardt said that any development will involve restoration of the existing structures. Your email address will not be published. American Financial Network, Inc. is licensed by the California Department of Financial Protection and Innovation under the California Financing Law License (6038771) and holds a CA Bureau of Real Estate, Real Estate Broker's License (01317581) under Nationwide Mortgage Licensing System (NMLS), unique identifier of 237341. As with so many aspects of life and business, people have turned to the web to shop for mortgages. THIS SITE IS NOT AUTHORIZED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES. When I first got into the business, I was with UC Lending. You want to make sure that youre not saturating a specific market where you already have a footprint, he says. If its got a Cleveland angle and its historic and iconic, he wants to be part of it. Broker is performing acts for which a license is required. Cision Distribution 888-776-0942 Founded in 2003, CrossCountry employs 2,600 people across the country. CrossCountry Mortgage. But we plan on developing the Superior and Payne property. Founded in 2003 by Ron Leonhardt, CrossCountry now has more than 2,500 employees nationally. The acquisition is the result of a thoughtful search process and extensive discussions between the leaders of the two companies. Take our reader survey! He is a member of the Mortgage Bankers Association, Washington, D.C., and Ohio Mortgage Bankers Association (Ohio MBA), Westerville, Ohio. CrossCountry Mortgage Celebrates Launch of New Headquarters Project. Cision Distribution 888-776-0942 When companies move down there, allows for more restaurants, cafes and bars because we have the community to support it.. Sign up for a free account. 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 improvements include swapping out the old factory windows for new ones, replacing the roof, and upgrading all of the utilities. 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. Building interiors will be transformed from factory and warehouse spaces to an open, comfortable and highly collaborative environment. 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. The existing office building in Brecksville, which CrossCountry owns, is about 55,000 square feet. 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. 6850 Miller Rd Brecksville Ohio 44141 US. . 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. The company has nearly 3000. 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 . I like to make sure the other side feels like theyre getting a good deal and I feel likeI got a good deal. 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. Four of the six New England states land in the top 10 making New England the highest net worth region in the . To that end, Leonhardt estimates that of the 350 CrossCountry locations in the U.S., hes had dinner with at least 300 of the branch managers. One of our Loan Officers will contact you shortly, or call 888-636-7573 for immediate help. Additional options include down payment assistance, home equity products, and expedited closing programs. The public will be invited to vote for their favorite artist in each round at PainttheDistrict.com. The president and CEO of an Ohio-based mortgage company spent $11.8 million on a waterfront Hibiscus Island home. I was playing softball four nights a week, Leonhardt says. Fourteen loan originators will join the branch leaders at the outset. The transition has been seamless. We can take people right out of high school and offer them an amazing career path. Were in an instant gratification type of culture right now. Done the wrong way, this can become intimidating as employees feel like they constantly have someone looking over their shoulders. The consent submitted will only be used for data processing originating from this website. For more information, please visit crosscountrymortgage.com. Not the Ron Leonhardt you were looking for? CEO Ron Leonhardt entered the mortgage business after his days at Baldwin Wallace, and he started CrossCountry in 2004. Web The average net worth there is 884003. Jon joined AFN as Chief Compliance Officer and General Counsel in 2010. My attorney gave me that advice when I started the company. The subprime mortgage crisis that savaged the U.S. economy between 2007 and 2010 forced many banks and lenders to shut down. Now, amid tension between, On a sticky but sunny late summer day, The Land joined in the festivities at the 76th annual One World Day on August 28, 2022.. His achievement has been built on a foundation of hard effort. "Ron and his leadership team made this process transparent and clear. CROSSCOUNTRY MORTGAGE, LLC is a top 10 retail mortgage lender in America, 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. Pre-approval is subject to a satisfactory appraisal, satisfactory title search, and no meaningful change to borrower's financial condition. It was a regulation that required people to be licensed, but it gave me an easier path to obtain these licenses. The sky's the limit for us in 2021. This site uses cookies to provide you with a great user experience. It was only six years ago when Leonhardt stepped away from personally being involved in loan originations. Lee Chilcote is an award-winning writer and author whose work has been published inThe Washington Post, The Associated Press, Vanity Fair, The Cleveland Plain Dealer, Cleveland Magazineand many others. The 168,000-square-foot complex, scheduled to open in late 2021, will bring more than 600 jobs to the city. (business & personal). Im like, Where are you going to make more money? Sure you can make money flipping a house. CROSSCOUNTRY MORTGAGE, LLCis a nationwide mortgage lender founded in 2003 by CEO Ronald J. Leonhardt, Jr. The facility will feature a 4,600-square-foot training center where the company will help prepare thousands of participants to become next-generation mortgage professionals. She began her mortgage industry career in 1997, working as a branch manager and loan officer and gaining experience in underwriting and operations before joining CrossCountry. Copyright 2023 The Land, P.O. Hey, this is the new set of rules. The company has more than 6,000 employees and licenses in all 50 states. Real estate records show that the deal also involved swaps of parking lots flanking East 22nd Street. When you play football, its the ultimate team sport, Leonhardt says. Right now, he is the most trending person in social media. ABOUT CROSSCOUNTRY MORTGAGEFounded in 2003 by CEO Ronald J. Leonhardt, Jr., CrossCountry MortgageLLCis a top 10 retail mortgage lender nationwide with licenses in all 50 states. 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. When we open up a new location, we fly them into Cleveland, Leonhardt says. Under Susie's leadership the HR Department gracefully handles our continuous nationwide expansion. I made the decision to recapitalize the company to boost its net worth. Effective leadership is all about engagement. The company has outgrown its current headquarters in Brecksville, Alex Ragon, CrossCountry's . 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 $27 million. a company that lists Leonhardt as a signatory, bought . The journey to get here was anything from straightforward. "We are thrilled to welcome this outstanding group to CCM. Since she joined AFN, mortgage accounting fascinated her, and she continued to excel and deepen her understanding of mortgage industry. In late 2018, a group led by Leonhardt and KJK Managing Partner Jon Pinney bought all of the buildings and parking lots between Superior and Payne avenues and East 21st and 22nd streets in Cleveland More than a team The acquisition is the result of a thoughtful search process and extensive discussions between the leaders of the two companies. Location Brecksville, Ohio, United States. His poetry chapbooks areThe Shape of HomeandHow to Live in Ruins. Warwick . Web According to a recent investigation by Forbes and Business Insider Ron Leonhardt Cross Country Mortgage estimated net worth is more than a couple of. Jack started AFN in 2001, furthering an already successful career in mortgage lending. (Note: Editor and writer Lee Chilcote is the great-grandson of The Chilcote Company founder August Chilcote, but he has no involvement in either company.). We laid out a roadmap for success in our first meeting, and CCM never deviated from it. The largest new headquarters to be built in the city in nearly a decade, the project will relocate more 600 full-time jobs from Brecksville to Cleveland. The company employs nearly 7,000 across its network of more than 500 office locations nationwide. Copyright 2023 crosscountry mortgage, LLC. A Free Quote has been submitted to you from [$siteName$]. CrossCountry also is exploring whether it makes sense to build a new headquarters in Brecksville, as part of a much larger, mixed-use makeover of the former U.S. Department of Veterans Affairs campus at Brecksville and Miller roads. To be one of the richest people on Earth, he had to do all these things in his life. 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. 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. At CrossCountry Mortgage LLC, however, the dark times provided the opportunity to plot a new way forward. Ron Leonhardt Founder and CEO of CrossCountry Mortgage, LLC (NMLS3029 NMLS32151) As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. from 8 AM - 9 PM ET. Ronald J. Leonhardt Jr. ABOUT THE DURKIN-LOGUE BRANCHESThe Durkin-Logue branches are dedicated to excellence in service. Thatsshort-sighted because, at some point, that relationship is not going to last, Leonhardt says. An investor group led by Ron Leonhardt Jr., the CEO of CrossCountry Mortgage, bought the Superior Avenue property late Friday, Sept. 9. 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. Prior to engaging in dealmaking activity, Leonhardt says its important to consider your companys footprint. Thats how I got licensed in all 50 states, he says. In December 2020, Leonhardt announced plans for a $46 million headquarters in Clevelands historic Superior Arts District east of downtown. Up to 5 Ive been wearing 10 hats forever, being the salesperson, overseeing operations, running day-to-day and handling the bank accounts. CrossCountry is a one of the top mortgage lenders in the country. Stracensky has played a pivotal role in designing and implementing administrative processes that have enabled CrossCountry to achieve record growth without sacrificing quality or efficiency. Bachelor of Arts (Sports Management, Business), If you're not automatically redirected, please click here. Thats one of the key things for me as an individual and us as a company. We have received your quote request and are currently reviewing your information. 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. She oversees all of accounting, payroll, interim servicing, financial reporting, tax reporting, and warehouse banking relationships. Search over 700 Large swaths of Cleveland, including the central business district, the Superior Arts District and other close-lying areas, made the U.S. Treasurys list of approved opportunity zones last year. Gurpreets diverse background and management style are a real asset to AFN. Gurpreet brings in her several years of public accounting and retail management background. With solid experience recruiting, hiring, managing personnel onboarding and offboarding, enforcing workplace compliance and safety, and administering benefits and payroll, Susie offers Team AFN the dependable and reliable support our growing staff requires. The project will include extensive masonry and structural restoration, roof replacement, utility upgrades and installation of nearly 160 windows. I look forward to a long, dynamic collaboration with Jeremy, Sean and Margaret. (No Ratings Yet) Manage Settings Soave said the companys leaders are optimistic about the future of the area but hope to catalyze additional investment, adding more vibrancy and street life to the district. Crosscountry Mortgage Named A Top Workplace For Fifth Straight Year, Ron Leonhardt Email Address Phone Number Crosscountry Mortgage Llc Founder And Ceo Contact Information Rocketreach, Crosscountry Mortgage Brings Two Mortgage Pros Into Fold Mortgage Professional, Crosscountry Mortgage Ceo Ronald J Leonhardt Buys Miami Beach Home South Florida Business Journal, Neotrans Up To 1 000 Hq Jobs May Come To Downtown Cleveland, Ccm Launches New Hq Crosscountry Mortgage, Ares Management Leads 400 Million Credit Facility To Crosscountry Mortgage Cdpq, Crosscountry Mortgage Opens Fairfield Office, Crosscountry Mortgage Ceo Ron Leonhardt Jr Acquires 133 Year Old House In Cleveland S Asiatown Cleveland Business Journal, 2 Leading Tucson Area Mortgage Professionals Join Forces With Nationwide Lender Crosscountry Mortgage, The Agency Expands To Include Mortgage And Other Real Estate Services Inman, Crosscountry Mortgage Contact Details And Business Profile. In his experience, M&A transactions should not be about winning and losing. 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. Founded in 2003, CrossCountry Mortgage is a top 10 retail mortgage lender nationwide and the largest based in Ohio. Education: Baldwin Wallace University, sports management degree To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. In August, the state received intent-to-apply letters from 125 applicants, totaling $314. New elevators and other changes will ensure compliance with the Americans with Disabilities Act. It enhances both our strategic growth in several regions as well as our consumer-direct component. You just came to work every day hoping it wasnt going to be you as companies kept going out of business. We havent had one year where we took a step back. ", "We explored our options with several other companies, but CCM stood out," said Executive Vice President Norman Koenigsberg. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. As far as industry competition goes, Leonhardt says its anyone who offers a mortgage. 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. 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. Who has played an influential role It really formed my way of handling certain type of issues or problems and leadership in general. All sizes included in one envelope. When typing in this field, a list of search results will appear and be automatically updated as you type. The company has nearly 3000. Routinely youll see people in and out of my office, he says. It was like the cartoon with the roadrunner, where he is running across a bridge that is falling behind him, says Ronald J. Leonhardt Jr., the companys president and CEO. We are the quintessential Cleveland story we have built this business from the ground up through hard work and a shared commitment to make the mortgage process easy, stress-free and rewarding, Leonhardt said. Stay up-to-date with local business news and networking events from Smart Business. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. He described the sale of the Tap Packaging buildings as a win-win.. Leonhardt in 1997 earned a bachelor of arts degree from Baldwin Wallace University, Berea, Ohio, where he also was a member of the football and track teams. We have great technology, and were able to pivot very quickly [to remote work].. The former GBX buildings are protected by conservation easements, legal agreements that permanently limit modifications to a property in exchange for tax benefits. A pre-approval does not constitute a loan commitment or guarantee of a loan. Copyright 2023 American Financial Network, Inc. All rights reserved. Ron Leonhardt Founder And Ceo Crosscountry Mortgage Llc Linkedin. It would be a giant hole in the wall of that historic district if they werent reused. American Financial Network, Inc. is an Equal Housing Lender. For more information about CrossCountry Mortgage, visit www.crosscountrymortgage.com. We appreciate the close collaboration with our partners and CrossCountry Mortgage to help the company continue its success in Ohio.. You have to be able to adapt to them. Local reporting and journalism you can count on. Ron Leonhardt Cross Country Mortgage is one of the most popular faces on the globe. The arts district is also a great place because of the diversity and creativity down there.. Whats the best business advice Executive Vice President, Secondary Marketing, Received every year since 2016 Scotsman Guide. For more information, please visit crosscountrymortgage.com. Due to her background in general accounting, tax, and audit, she brings in lot of value to AFN. CROSSCOUNTRY MORTGAGE, LLCis a nationwide mortgage lender founded in 2003 by CEO Ronald J. Leonhardt, Jr. free lookups / month. 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. The sellers were affiliates of Tap Packaging Solutions, a 113-year-old producer of folding cartons and boxes that was called the Chilcote Company for most of its history, and GBX Group, a major real estate owner and investor in the neighborhood. Susie brings more than two decades of experience as an energetic, knowledgeable, and highly valued HR Director. These guys I played softball with, they worked for a national retail lender, and theyre like, Hey, you want a job? I said sure. The former GBX buildings are protected by conservation easements, legal agreements that permanently limit modifications to satisfactory. Leonhardt said that any development will involve restoration of the two companies play football, its the team. Smart business that youre not saturating a specific market where you already have a,. Our loan Officers will contact you shortly, or call 888-636-7573 for immediate help to! 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Each round at PainttheDistrict.com LLCis a nationwide mortgage lender founded in 2003 by CEO Ronald J. Leonhardt Jr. the. 160 windows one year where we took a step back and networking events from Smart business parking flanking! Relationship is not going to be part of it bank accounts Compliance Officer and general Counsel 2010... Management background feels like theyre getting a good deal Free Quote has submitted... Llcis a nationwide mortgage lender founded in 2003 by CEO Ronald J. Leonhardt, CrossCountry employs 2,600 people the!, that relationship is not going to be one of the richest people on Earth, he says type... Culture right now, he wants to be licensed, but CCM stood out, said. Events from Smart business, we fly them into Cleveland, Leonhardt says collaborative environment our component!