CrossCountry Mortgage buys PERL Mortgage, expands operations

by Candyd Mendoza16 Jul 2019

CrossCountry Mortgage has announced its acquisition of Chicago-based PERL Mortgage, unifying the newly acquired lender with bemortgage to form one company under the CrossCountry Mortgage name.

The deal followed CrossCountry’s acquisition of bemortgage in October last year. bemortgage, which was recently a division of Bridgeview Bank Group, has transitioned to the CrossCountry brand.

PERL had 60 branches across 18 states, including Arizona, California, Colorado, Florida, Georgia, Iowa, Illinois, Michigan, Minnesota, Missouri, New Mexico, Nevada, Ohio, Oklahoma, South Carolina, Tennessee, Texas, and Wisconsin. However, the NMLS registry marked all of its branches as inactive.

“It’s no surprise that CrossCountry Mortgage was attracted to the two midwestern lenders, as they both not only harbor top producers in the industry but also never forget what matters most: the customer,” said Beth Keckley, chief marketing officer at CrossCountry Mortgage.

“With the union under one brand, CrossCountry Mortgage is gaining new energy and more experienced individuals to our team,” Keckley said. “This will inevitably strengthen our position across the country.”