CrossCountry Mortgage in Brecksville, Ohio, has acquired the assets of First Choice Loan Services in East Brunswick, N.J., a former affiliate of Berkshire Hills Bancorp that has marketed mortgages to Costco members.
“The addition of this group is a terrific fit for us,” Ron Leonhardt, CEO of CrossCountry Mortgage, said in a press release. “We are pleased that they chose to join us. It enhances both our strategic growth in several regions as well as our consumer-direct component. Our team committed to, and achieved, a smooth transition for the loan originators.”
Financial terms of the transaction were not disclosed.
First Choice affiliate Berkshire Hills Bancorp was in the process of exiting the mortgage origination business and entered into an agreement with CrossCountry Mortgage to complete
Read More At: Article Source