With CrossCountry Mortgage’s deal to acquire Two Harbors Investment Corp. one step closer to the finish line after securing shareholder approval, the focus is shifting to what may be the next major challenge: integrating the businesses.

Industry experts pointed out the complex task of bringing a large servicing portfolio in-house, but analysts expressed confidence in CCM’s ability to combine both companies without losing track of its financials, while flagging rising leverage. 

Like its peers, CCM is seeking scale in mortgage servicing rights (MSRs). TWO would bring a $159 billion portfolio to CCM’s $202 billion as of the first quarter, per Inside details ⇒

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