Phil Crescenzo teams with son to join CrossCountry Mortgage

Phil Crescenzo, a veteran loan originator, has joined CrossCountry Mortgage with his son, marking a significant move in the mortgage industry. Crescenzo's decision to leave NFM Lending for CCM is notable, as he aims to focus on underserved borrowers in the Southeast. This shift is particularly relevant to the construction industry, as access to mortgage financing can greatly impact housing starts and overall construction activity.

The addition of Crescenzo and his son to CCM's team is expected to bolster the company's presence in the Southeast, a region that has seen significant growth in recent years. As the construction industry continues to navigate challenges such as labor shortages and supply chain disruptions, the availability of mortgage financing for homebuyers will remain a crucial factor in driving demand for new construction. By targeting underserved borrowers, Crescenzo and CCM may help facilitate more homeownership opportunities, which could, in turn, support increased construction activity.

Looking ahead, it's worth watching how Crescenzo's move to CCM impacts the mortgage landscape in the Southeast, particularly in terms of product offerings and borrower access. Additionally, industry stakeholders should keep an eye on how this development influences construction trends in the region, including the types of projects being undertaken and the pace of new starts. As the construction and mortgage industries continue to evolve, partnerships like the one between Crescenzo and CCM will likely play a key role in shaping the market.

Originally reported by housingwire.com. ConstructionNews adds analysis for real estate & property readers.