CrossCountry Mortgage, LLC has acquired Summit Funding, Inc. for an undisclosed amount. This corporate acquisition marks a significant expansion for CrossCountry Mortgage, integrating a well-established mortgage lender into its operations. Summit Funding, founded in 1995 by Todd Scrima, has grown to become a Top 30 Mortgage Lender nationwide, known for its extensive network and customer-centric approach.
Summit Funding, Inc. operates with over 80 locations and more than 300 loan originators, driven by a mission to provide a better experience for those pursuing homeownership goals, from purchasing to refinancing. The company prides itself on its "yes you can" mindset, empowering partners, clients, and employees. Its home loan experts are dedicated to delivering quality mortgage services, fostering deeper personal relationships, and achieving real results, making it a unique presence in the crowded marketplace.
This strategic acquisition by CrossCountry Mortgage is expected to significantly enhance its market presence and operational scale. By incorporating Summit Funding's robust originator network and its proven customer-first model, CrossCountry Mortgage aims to broaden its service offerings and geographic reach. The integration is anticipated to create substantial synergies, combining the strengths of both entities to optimize service delivery and operational efficiency across the mortgage lending spectrum.
The combined entity is poised to leverage shared expertise and resources, further solidifying its position in the competitive mortgage lending landscape. This move underscores CrossCountry Mortgage's commitment to growth and its strategy to enhance its capacity to serve a diverse range of homeownership needs nationwide, building on Summit Funding's legacy of empowering clients to achieve new heights.