CrossCountry

CrossCountry Consulting Appoints Risk Leader to Growing Board of Advisors

Retrieved on:

Tuesday, April 2, 2024

CrossCountry Consulting , a leading business advisory firm, today announced that risk leader Nick Silitch has joined the firm’s Board of Advisors.

Key Points:

CrossCountry Consulting , a leading business advisory firm, today announced that risk leader Nick Silitch has joined the firm’s Board of Advisors.
As the former Chief Risk Officer for Prudential Financial, Inc., he brings significant expertise in defining risk management agendas, developing risk management infrastructure, and determining risk appetite for firms.
“We are thrilled to welcome Nick to our growing Board of Advisors,” said Erik Linn, Co-Founder and Managing Partner at CrossCountry Consulting.
CrossCountry Consulting is a leading provider of specialized finance, operations, and technology advisory services.

CrossCountry Consulting Opens Dallas Office to Meet Growing Demand

Retrieved on:

Tuesday, February 20, 2024

Consulting, Accounting, Professional Services, Finance, Fortune 500, Risk management, Growth, CrossCountry, Risk, CFOS, Partner (business rank), Central Waqf Council, KPMG

CrossCountry Consulting , a leading business advisory firm, today announced the opening of an office in Dallas, Texas.

Key Points:

CrossCountry Consulting , a leading business advisory firm, today announced the opening of an office in Dallas, Texas.
Launched in response to greater market demand across the Southwest region, the addition of the Dallas office represents a milestone in CrossCountry’s continued growth and ability to serve companies nationwide.
CrossCountry has been steadily adding clients and hiring team members in Texas for the past several years.
“I am honored to join the CrossCountry Consulting Advisory Board,” said von Storch.

Hildene Capital Closes $318.4 Million Non-QM Loan Securitization

Retrieved on:

Thursday, February 1, 2024

Professional Services, Residential Building & Real Estate, Finance, Construction & Property, Asset Management, Banking, Atlas, Nomura, CrossCountry, Goldman Sachs, FICO, Fitch, CCM, Hildene

The loan pool features a weighted average FICO of 738 and 70.6 percent loan-to-value, with a majority of the loans being owner-occupied.

Key Points:

The loan pool features a weighted average FICO of 738 and 70.6 percent loan-to-value, with a majority of the loans being owner-occupied.
Fitch rated the senior investment grade bonds AAA-BBB and Kroll rated both the IG and Non-IG bonds down to BB.
“The close of our latest CROSS securitization underscores the opportunity we continue to see in the non-QM market,” said Justin Gregory, Portfolio Manager at Hildene.
CROSS 2024-H1 is Hildene’s first non-QM securitization of the year, following a $332.8 million securitization of CROSS 2023-H2 in November 2023 and a $303.4 million securitization of CROSS 2023-H1 in July 2023.

CrossCountry Mortgage Adopts FICO® Score 10 T, Providing Forward Looking Insights for Mortgage-Backed Security Investors

Retrieved on:

Tuesday, January 9, 2024

Data Management, Banking, Accounting, Technology, Professional Services, Business, Security, Software, Internet, Fintech, Insurance, Organization, FICO, CCM, Enterprise, CrossCountry, MBS, Credit

This commitment will be the first step for investors to familiarize themselves with the new score and realize the promised performance improvement.

Key Points:

This commitment will be the first step for investors to familiarize themselves with the new score and realize the promised performance improvement.
"By proactively issuing mortgage-backed securities exclusively based on FICO Score 10 T, we’re helping to empower investors to make smarter decisions,” said Jenn Stracensky, CCM Chief Operating Officer.
FICO Score 10 T can help lenders better manage credit risk and default rates when extending competitive credit offers to consumers.
The more predictive FICO Score 10 T also helps lenders project cash flows more accurately.

Hildene Capital Completes $333 Million Non-QM Loan Securitization

Retrieved on:

Thursday, November 9, 2023

Professional Services, Finance, FICO, Hildene, Goldman Sachs, Mezzanine, Fitch, Kroll, Cerberus Capital Management, AAA, BBB, CrossCountry, CCM, Security (finance), Bank

CROSS 2023-H2 offered five tranches with four senior bonds paying principal pro rata and a sequential mezz bond.

Key Points:

CROSS 2023-H2 offered five tranches with four senior bonds paying principal pro rata and a sequential mezz bond.
“We are pleased to scale our relationship with CrossCountry Mortgage through the close of CROSS 2023-H2,” said Justin Gregory, Portfolio Manager at Hildene.
The relationship provides Hildene with exclusive access to scalable, high credit quality non-QM loans, which Hildene and CCM collaborate to securitize.
CROSS 2023-H2 is Hildene’s largest securitization of non-QM loans, following a $232.9 million securitization of CROSS 2023-H1 in July 2023.

KBRA Assigns Preliminary Ratings to CROSS 2023-H2 Mortgage Trust

Retrieved on:

Friday, October 27, 2023

Banking, Professional Services, Insurance, Finance, KBRA, Documentation, Wild Arms, Fixed-rate mortgage, CrossCountry, CCM, Royal, CCC, RMBS, Real estate, Telescopic sight

KBRA assigns preliminary ratings to eight classes of mortgage pass-through certificates from CROSS 2023-H2 Mortgage Trust, a RMBS transaction issued under the Hildene-CCC Loan Acquisition, LLC (CROSS) shelf, where Hildene Capital Management (Hildene) in affiliation with CrossCountry Mortgage (CrossCountry or CCM) and CrossCountry Capital (CCC) sponsored the transaction.

Key Points:

KBRA assigns preliminary ratings to eight classes of mortgage pass-through certificates from CROSS 2023-H2 Mortgage Trust, a RMBS transaction issued under the Hildene-CCC Loan Acquisition, LLC (CROSS) shelf, where Hildene Capital Management (Hildene) in affiliation with CrossCountry Mortgage (CrossCountry or CCM) and CrossCountry Capital (CCC) sponsored the transaction.
The $332.8 million transaction is collateralized by a pool of 656 residential mortgages originated by CCM, including a meaningful concentration of collateral that KBRA considers to be “non-prime”, with fixed-rate mortgages (FRMs) and hybrid adjustable-rate mortgages (ARMs) making up 77.0% and 23.0% of the pool, respectively.
This analysis is further described in our U.S. RMBS Rating Methodology.
To access ratings and relevant documents, click here .

CrossCountry Consulting Named One of Crain’s Best Places to Work in New York 2023

Retrieved on:

Thursday, September 28, 2023

Consulting, Accounting, Professional Services, Finance, New York Office of Cannabis Management, Culture, The Last Best Place, CrossCountry, Organization, Fortune 500, Risk, Glassdoor, Growth, Environment, Management

CrossCountry Consulting, a leading business advisory firm, today announced that it has been named one of the 2023 Best Places to Work in New York City by Crain’s New York Business.

Key Points:

CrossCountry Consulting, a leading business advisory firm, today announced that it has been named one of the 2023 Best Places to Work in New York City by Crain’s New York Business.
Crain’s New York Business partnered with independent research firm Best Companies Group to identify the top 100 employers in New York City.
At CrossCountry, we take pride in our culture and strong company values,” said Ken Egan, New York Office Managing Partner at CrossCountry Consulting.
With an unwavering commitment to providing a better experience, they are regularly recognized as a best place to work.

CrossCountry Consulting Appoints National Financial Services Partner

Retrieved on:

Tuesday, August 29, 2023

CrossCountry Consulting, a leading business advisory firm, today announced that Mike Pugliese has been appointed Partner in the national Business Transformation practice and will lead the expansion of the firm’s Banking and Capital Markets solutions.

Key Points:

CrossCountry Consulting, a leading business advisory firm, today announced that Mike Pugliese has been appointed Partner in the national Business Transformation practice and will lead the expansion of the firm’s Banking and Capital Markets solutions.
“Mike is well known within the financial services industry, and we are thrilled to have a leader of his caliber join our team,” said Erik Linn, Co-Founder and Managing Partner at CrossCountry Consulting.
“He has a unique perspective to offer, and his experience will be invaluable as we continue to evolve solutions for our financial services clients.
CrossCountry Consulting is a leading provider of specialized finance, operations, and technology advisory services.

CrossCountry Consulting Recognized on the Inc. 5000 for the Eighth Consecutive Year

Retrieved on:

Tuesday, August 15, 2023

Professional Services, Other Professional Services, Finance, Consulting, Banking, Accounting, CrossCountry, CFO, Growth, Entrepreneurship, Risk, Retail, 3D printing

CrossCountry Consulting , a leading business advisory firm, today announced it has been featured for the eighth consecutive year on Inc. magazine's annual Inc. 5000 list, a prestigious ranking of the nation's fastest-growing private companies.

Key Points:

CrossCountry Consulting , a leading business advisory firm, today announced it has been featured for the eighth consecutive year on Inc. magazine's annual Inc. 5000 list, a prestigious ranking of the nation's fastest-growing private companies.
The Inc. 5000 list represents an unparalleled look at the nation's most successful private companies and is considered the hallmark of U.S. entrepreneurial success.
The companies on the 2023 Inc. 5000 have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges.
“We are thrilled to be recognized on the Inc. 5000 list for eight consecutive years, an honor that exemplifies our company’s continued growth and relevance in the market,” said Erik Linn, Co-Founder and Managing Partner of CrossCountry Consulting.

KBRA Assigns Preliminary Ratings to Cross 2023-H1 Mortgage Trust (CROSS 2023-H1)

Retrieved on:

Tuesday, July 25, 2023

Banking, Professional Services, Insurance, Finance, Fixed-rate mortgage, Wild Arms, KBRA, RMBS, CrossCountry, CCC, Documentation, CCM, Royal, Real estate, Telescopic sight

KBRA assigns preliminary ratings to six classes of mortgage pass-through certificates from Cross 2023-H1 Mortgage Trust (CROSS 2023-H1), an inaugural RMBS transaction issued under the Hildene-CCC Loan Acquisition, LLC (CROSS) shelf, where Hildene Capital Management (Hildene) in affiliation with CrossCountry Mortgage (CrossCountry or CCM) and CrossCountry Capital (CCC) sponsored the transaction.

Key Points:

KBRA assigns preliminary ratings to six classes of mortgage pass-through certificates from Cross 2023-H1 Mortgage Trust (CROSS 2023-H1), an inaugural RMBS transaction issued under the Hildene-CCC Loan Acquisition, LLC (CROSS) shelf, where Hildene Capital Management (Hildene) in affiliation with CrossCountry Mortgage (CrossCountry or CCM) and CrossCountry Capital (CCC) sponsored the transaction.
The $303.4 million transaction is collateralized by a pool of 542 residential mortgages originated by CCM, including a meaningful concentration of collateral that KBRA considers to be “non-prime”, with fixed-rate mortgages (FRMs) and hybrid adjustable-rate mortgages (ARMs) making up 70.5% and 29.5% of the pool, respectively.
This analysis is further described in our U.S. RMBS Rating Methodology.
To access ratings and relevant documents, click here .