CrossCountry Mortgage's Strategic Acquisition of Two Harbors Investment Corp.

On August 25, 2026, CrossCountry Mortgage (CCM), recognized as the leading retail mortgage lender in the United States, proudly announced the completion of a transformative acquisition. The company has acquired Two Harbors Investment Corp. along with its fully owned subsidiary, RoundPoint Mortgage Servicing LLC. This acquisition not only signifies a strategic expansion for CCM but also marks a pivotal moment in the company’s journey towards becoming a vertically integrated mortgage provider.

The integration of Two Harbors into the CrossCountry framework will greatly enhance its mortgage servicing capabilities, allowing for a more controlled and cohesive relationship with customers throughout the entire lifecycle of their loans. This aligns with CCM’s long-standing commitment to improve the borrowing experience and solidifies its status as a powerhouse in the mortgage industry.

Ron Leonhardt, the Founder and CEO of CrossCountry Mortgage, emphasized the significance of this acquisition, stating, "This transaction represents the next transformational step in the evolution of CrossCountry Mortgage. For more than 20 years, we’ve built CCM by investing in our people, technology, and operations while staying focused on delivering for our customers. By combining the nation's leading retail mortgage franchise with a scaled servicing portfolio and RoundPoint’s proven servicing capabilities, we're creating what we believe is a one-of-one mortgage company."

This acquisition enables CCM to offer customers a seamless experience from loan origination to servicing, and beyond into future financing needs. It paves the way for improved customer retention and promotes a sustainable business model for the long term.

Furthermore, the inclusion of the Two Harbors portfolio will not only expand CCM’s servicing scaling but will also provide an opportunity to deepen relationships with current borrowers. Bringing servicing operations in-house with the expertise of RoundPoint’s team and their established platform further integrates CCM’s processes, enhancing the overall efficiency and customer satisfaction in the mortgage lending journey.

CCM stands as the nation’s largest distributed retail mortgage lender, also recognized as the sixth-largest non-bank servicer. Currently, the company operates over 1,100 branches with a workforce exceeding 9,000 employees, delivering comprehensive mortgage services to clients in all 50 states, including Washington D.C. and Puerto Rico.

The impact of this acquisition is monumental, not just for CrossCountry Mortgage but for the industry at large. With a diverse portfolio that includes over 120 mortgage, refinance, and home equity solutions, CCM remains dedicated to adaptability and responsiveness in a rapidly changing financial landscape. The company’s recognition on the Inc. 5000 list as one of America’s fastest-growing private businesses, coupled with numerous awards for its exceptional organizational culture, underscores its commitment to excellence.

As the mortgage market continues to evolve, CrossCountry Mortgage is poised for remarkable growth and increased service efficiency. The new acquisition is more than just a strategic move; it is a bold statement about the future of mortgage lending, illustrating CCM’s unwavering dedication to its customers, its commitment to innovative solutions, and its ambition to lead industry standards.

In conclusion, as CrossCountry Mortgage embarks on this significant chapter, it is well-positioned to deliver exceptional service and maintain strong relationships throughout the mortgage lifecycle, enhancing both customer experience and company growth. The journey from origination to servicing now holds greater potential, with CCM firmly in the driver’s seat.

Contact: Natalie Lonjak, Senior Director, Corporate Communications, Community Engagement