Cleveland-based CrossCountry Mortgage (CCM) has struck a deal to acquire Summit Funding, broadening its geographic reach, the companies announced Wednesday. Financial terms of the transaction were not disclosed.

“In 2025, we financed 1 in 35 homes sold nationwide, ranking as the No. 1 retail mortgage lender,” Ron Leonhardt, founder and CEO, told HousingWire. “This acquisition is part of our growth strategy to gain market share in communities we don’t have a large presence in yet. Summit’s geographic footprint compliments CCM, creating opportunities to tap into more communities across the nation.”

Over the past 12 months, CCM originated roughly $50.5 billion details ⇒

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