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TWO completes merger with CrossCountry Mortgage

PRIVATEAug 21, 2026about 3 hours ago

Acquiring Company

two

Acquired Company

CrossCountry Mortgage

OsloLos AngelesFinancial ServicesSoftwareFinanceFintechPrivate Equity FundPrivate Equity Fund

Description

TWO has successfully received final regulatory approval for its merger with CrossCountry Mortgage. This merger will allow TWO to enhance its offerings in the mortgage sector. The companies aim to combine their strengths for improved service delivery. The final regulatory approval marks a significant step forward in the merger process.

Company Information

Company

two

Location

6 Kongens gate

Oslo, Oslo, Norway

About

The platform has been able to attract a number of high-profile creators to its platform, including Jay Leno, Michael Dell and screenwriter and Entourage creator Doug Ellin. The startup – founded by Cuban and Falon Fatemi, a Google alum who also co-founded customer intelligence platform Node – plans to launch NFTs and have a metaverse play in Q2 this year to help creators monetize their work, the sources said. The startup, which counts Cuban, the Chainsmokers, HBSE, Goodwater, Animal Capital and NFL stars Larry Fitzgerald and Kelvin Beachum and former NBA star Baron Davis among its backers, has raised about $8 million to date, a person familiar with the matter said.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired CrossCountry Mortgage?

CrossCountry Mortgage was acquired by two, based in Oslo. The deal was reported on August 21, 2026. The platform has been able to attract a number of high-profile creators to its platform, including Jay Leno, Michael Dell and screenwriter and Entourage creator Doug Ellin. two is privately held and operates in Financial Services.

When did two acquire CrossCountry Mortgage?

two's acquisition of CrossCountry Mortgage was reported on August 21, 2026. TWO has successfully received final regulatory approval for its merger with CrossCountry Mortgage. This merger will allow TWO to enhance its offerings in the mortgage sector. The companies aim to combine their strengths for improved service delivery. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does CrossCountry Mortgage do?

CrossCountry Mortgage, LLC is a top 5 independent retail mortgage lender in America, founded in 2003 by CEO Ronald J. Leonhardt, Jr. The company has more than 7,000 employees and licensed in all 50 states. It is privately held, and is based in Los Angeles.

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