Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas.

In an exclusive interview with HousingWire, Ron Leonhardt, a former mortgage broker who founded CCM in 2003, confirmed conversations with the parties started years ago, although the transaction closed on Tuesday. 

Leonhardt first met Garrett Clayton, AmCap’s CEO, about a decade ago. They hit it off.

“We’ve always talked about working together. We had been talking about this off and on for probably two or three years. It just was the right details ⇒

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