CrossCountry Mortgage Buys Two Harbors, Expands Servicing Portfolio — CrossCountry Mortgage, LLC

Event summary

CrossCountry Mortgage (CCM) completed its acquisition of Two Harbors Investment Corp. and its subsidiary RoundPoint Mortgage Servicing LLC on August 25, 2026.
The deal expands CCM's mortgage servicing portfolio and brings servicing operations in-house.
CCM is now the nation's largest retail mortgage lender and sixth-largest non-bank servicer.
The acquisition adds over 1,100 branches and servicing loans across all 50 states, D.C., and Puerto Rico.

The big picture

The acquisition positions CCM as a vertically integrated mortgage company, combining retail lending with in-house servicing. This move aligns with industry trends toward consolidation and vertical integration, aiming to create a more durable business model. The deal significantly expands CCM's customer base and servicing capabilities, enhancing its ability to serve customers throughout the life of their loans.

What we're watching

Integration Challenges: How CCM will integrate Two Harbors' portfolio and RoundPoint's servicing capabilities into its existing operations.
Customer Retention: Whether the expanded servicing portfolio will enhance customer retention and recapture opportunities.
Market Position: The pace at which CCM can leverage its new scale to deepen relationships with existing borrowers and expand its market share.