This is another outstanding example of continued progress toward the revitalization of an historic neighborhood and it brings new growth opportunities to Northeast Ohio, said J.P. Nauseef, JobsOhio president and CEO. P.S. Information and pricing are subject to change at any time and without notice. Property records dont reveal the aggregate price, but the parcels spanning roughly 6 acres are valued at more than $3 million by the Cuyahoga County Fiscal Office. Hey, this is the new set of rules. All rights reserved (About Us). Stay up-to-date with local business news and networking events from Smart Business. Additionally he ranked 24th nationally for most loans closed in. In Northeast Ohio and across the country, Census tracts earmarked as economically distressed opportunity zones offer investors the ability to put off or avoid paying capital gains taxes. You can become an originator, a closer, right here, she said. Founded in 2003 by CEO Ronald J. Leonhardt, Jr., CrossCountry Mortgage, LLC is a nationwide mortgage lender with licenses in all 50 states. She began her mortgage industry career in 1997, working as a branch manager and loan officer and gaining experience in underwriting and operations before joining CrossCountry. CrossCountry Mortgage is poised for greatness in the 2020s. It really formed my way of handling certain type of issues or problems and leadership in general. Its trying to stay in constant communication to make them feel like theyre connected. When you roll out that type of atmosphere, your employees arent looking over their backs because they know you have their back. Copyright 2023 The Land, P.O. The opportunity here is enormous.. "Ron and his leadership team made this process transparent and clear. Ron Leonhardt is the Founder and CEO at CrossCountry Mortgage. SBN Staff. ", "We explored our options with several other companies, but CCM stood out," said Executive Vice President Norman Koenigsberg. Its the kind of culture weve tried to keep. Ron Leonhardt started CrossCountry Mortgage, Inc., in 2004, and in less than 15 years it has expanded from one branch in suburban Cleveland to 185 across the U.S. The company might need 80,000 to 90,000 square feet to accommodate growth. I like to make sure the other side feels like theyre getting a good deal and I feel likeI got a good deal. . The public will be invited to vote for their favorite artist in each round at PainttheDistrict.com. ABOUT CROSSCOUNTRY MORTGAGEFounded in 2003 by CEO Ronald J. Leonhardt, Jr., CrossCountry MortgageLLCis a top 10 retail mortgage lender nationwide with licenses in all 50 states. The potential tax savings are higher for investors who maintain their stake longer, with a break not only on reinvested capital gains but also on profits from the opportunity-zone deals. They really are crazy good! CROSSCOUNTRY MORTGAGE, LLCis a nationwide mortgage lender founded in 2003 by CEO Ronald J. Leonhardt, Jr. Your email address will not be published. Box 602732, Cleveland OH 44102 | (216) 532-3875, Privacy Policy | Subscription Agreement | Terms of Use | Powered by Indiegraf Media, Get The Land's free newsletter in your inbox 2-3x a week. We had a small mom-and-pop shop, and that feel is still here today. "The addition of this group is a terrific fit for us. Under his leadership, CrossCountry has become one of the nations largest and fastest growing retail mortgage lenders, and the largest based in Ohio. Four of the six New England states land in the top 10 making New England the highest net worth region in the country. Founded in 2003, CrossCountry Mortgage is a top 10 retail mortgage lender nationwide and the largest based in Ohio. We appreciate the close collaboration with our partners and CrossCountry Mortgage to help the company continue its success in Ohio.. Theres plenty of surface parking to support new development, he added. Education: Baldwin Wallace University, sports management degree The company has grown exponentially - from 174 employees when Stracensky started in January 2012 to 5,609 today - in part because Leonhardt keeps the common touch. The company offers a broad portfolio of home purchase . Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). What was your first job? I look forward to a long, dynamic collaboration with Jeremy, Sean and Margaret. The project originally dates back to December 2018, when Cross Country Mortgage bought the entire six-acre block between East 21st and East 22nd Streets from Superior to Payne Avenues. More than a team Crosscountry Mortgage employs 4,935 employees. Rendering of renovated building facing Superior Ave. Soave said that while Cross Country had already become a top 10 mortgage lender prior to the Covid-19 pandemic, the events of the past year have accelerated their growth. Subscribe for free and get The Land delivered directly to your inbox. Web CrossCountry eclipsed 1 billion in loans for the first time in 2014. So weve outgrown the building. Sundt joined CrossCountry after more than 12 years at VIP Mortgage, where he served as a manager. The swank new HQ will include a 4,600 square foot training center that will train people for jobs in the mortgage industry, an 8,600 square foot gym, a coffee shop, and a commercial kitchen featuring rotating local restaurateurs. The borrower just wants an instant loan. When typing in this field, a list of search results will appear and be automatically updated as you type. Ron Leonhardt, CEO of CrossCountry Mortgage, is proud to welcome the team from First Choice. Participants will be able to explore new career paths while learning and working in a beautifully restored facility located in an amazing part of Cleveland. CB Rank (Person) 40,197. CCM has all three, and more. We are the quintessential Cleveland story we have built this business from the ground up through hard work and a shared commitment to make the mortgage process easy, stress-free and rewarding, Leonhardt said. million verified professionals across 35 million companies. And the purchase promised tax advantages for the buyers, who created an opportunity zone fund to make the acquisitions under a new, federal program established as part of tax reform in late 2017. I made the decision to recapitalize the company to boost its net worth. CCM was the company that more than met the requirements.". Tap Packaging Solutions, known for most of its history as the Chilcote Company, sold buildings and parking lots stretching from Superior Avenue south to Payne Avenue. At CrossCountry Mortgage LLC, however, the dark times provided the opportunity to plot a new way forward. The company offers a broad portfolio of . The entrepreneurial spirit that courses through the veins of this company is electrifying, and I could not be more excited to pursue excellence and reunite with some of my favorite people in the industry. Primary Organization. It will help us continue to attract smart, hardworking new team members who appreciate having an inspiring place to go to work every day.. Brecksville, Ohio, United States . The content in this advertisement is for informational purposes only. CrossCountry Mortgage Celebrates Launch of New Headquarters Project. Up to 5 Not all applicants qualify. Since we launched The Land in 2020, weve brought our readers independent, on-the-ground reporting that helps them become more engaged in Cleveland. With such lofty ambitions, we know the importance of the individuals who call CCM Find contact details for 700 million professionals. I took every penny I had personally and put it into the company. You want to make sure that youre not saturating a specific market where you already have a footprint, he says. a major real estate owner and investor in the neighborhood. Would you make more if you spent that time at work? Were working with them on a relocation process, and were not at liberty to say what the various options are, said Spencer Pisczak, president of the Premier Development Partners real estate firm. The project will include extensive masonry and structural restoration, roof replacement, utility upgrades and installation of nearly 160 windows. Our team committed to, and achieved, a smooth transition for the loan originators and we are seeing immediate success with this transaction. A 7,100-foot commons area will be illuminated by a 40- by 60-foot skylight. When it comes to his 3,000 employees, Leonhardt encourages them to embrace opportunity in an industry that has so much churn. Another critical piece in CrossCountrys growth is dealmaking. Slowly over time, as Ive brought more people in, Ive been able to get out of a lot of that and focus more on growth. When the industry came out with the Nationwide Multistate Licensing System, some may have seen it as yet another regulatory burden. CrossCountry is licensed in all 50 states, with 350 locations across the country. Under his leadership, CrossCountry has become one of the nation's largest and fastest growing retail mortgage Im looking for a new headquarters, Leonhardt says. Box 602732, Cleveland OH 44102 | , The high cost of a conversation from Cuyahoga County jail, Iced out: Halloran Ice Rink, youth hockey mostly quiet amid leadership controversy, 76th One World Day celebrates Clevelands cultural diversity, Rite Aid at E. 105th and St. Clair closed with little advance notice to the Glenville neighborhood, Shaker Blvd. During an interview, Leonhardt said the cluster of historic buildings could become a new corporate headquarters for CrossCountry Mortgage, a nationwide residential lender with about 450 employees in Brecksville and hopes of doubling that headcount within five years. Banking Thrifts and Mortgage Finance Financial Services Conventional Mortgages Brokerage. He is a member of the Mortgage Bankers Association, Washington, D.C., and Ohio Mortgage Bankers Association (Ohio MBA), Westerville, Ohio. Ive been wearing 10 hats forever, being the salesperson, overseeing operations, running day-to-day and handling the bank accounts. With nearly 6,800 employees, it operates in all 50 states through a network of over 500 offices, more than 300 of which have opened in the past two years. They want to get good advice, they want options, and they want it easy. John has a background in secondary marketing and now focuses most of his time on technology that is being used to drive down workload, turn times and cost to produce while improving the customer and employee experiences. Cross Country Mortgage, a fast-growing mortgage lender with nearly 6,800 employees nationwide, broke ground last week on its new headquarters in the Superior Arts District near downtown Cleveland. Im like, Where are you going to make more money? Sure you can make money flipping a house. COMPANY: The improvements include swapping out the old factory windows for new ones, replacing the roof, and upgrading all of the utilities. Real estate records show that the deal also involved swaps of parking lots flanking East 22nd Street. Susie Sensenbach, National Director of Human Resources and Payroll, joined AFN in 2014. Fourteen loan originators will join the branch leaders at the outset. American Financial Network, Inc. is licensed by the California Department of Financial Protection and Innovation under the California Financing Law License (6038771) and holds a CA Bureau of Real Estate, Real Estate Broker's License (01317581) under Nationwide Mortgage Licensing System (NMLS), unique identifier of 237341. Andy earned a Juris Doctor degree from University of California, Irvine School of Law and has over 15 years of real estate industry experience. "Not only are the dollars allocated to advance the loan originators and build their market share, but they take first position on all marketing. Last year was one of the busiest home purchase years. We laid out a roadmap for success in our first meeting, and CCM never deviated from it. The company was started 18 years ago as a small business by Ron Leonhardt Jr. and to now be an official partner of an NFL . Search over 700 CrossCountry eclipsed $1 billion in loans for the first time in 2014. Through the guidance and vision of this leadership ensemble, American Financial Network, Inc. has experienced unprecedented growth both in same - store sales and through strategic recruiting and market expansion. They . When we open up a new location, we fly them into Cleveland, Leonhardt says. We are a Direct Lender with delegated authority to underwrite, fund, and service Fannie Mae, Freddie Mac, FHA, USDA, VA, and Jumbo loanproducts in-house. CrossCountry Mortgage, a Brecksville-based lender that has been toying with a move to Cleveland, is firming up its plans for a corporate headquarters project just east of downtown.. Cleveland City Council is considering an incentive package for the project, which could bring more than 500 jobs to the Superior Arts District and anchor a mixed-use redevelopment of vacant buildings and parking . Reader support is crucial as we continue to shed light on underreported neighborhoods in Cleveland. On Dec. 28, a company tied to Ron Leonhardt, Jr., president and chief executive officer of Brecksville-based CrossCountry Mortgage, Inc., and an investor group led by high-profile Cleveland . He described the sale of the Tap Packaging buildings as a win-win.. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Made possible through support from the City of Cleveland, Team NEO, JobsOhio and the Ohio Development Services Agency, the headquarters project includes the restoration and renovation of four industrial buildings dating back to as early as 1913. Susie brings more than two decades of experience as an energetic, knowledgeable, and highly valued HR Director. The company has nearly 3,000 employees and licenses in all 50 states. Dealmaking can be lucrative, and it can be satisfying, Leonhardt says. Alderus Mortgage 9205 West Russell Road Building 3 Suite 240, Office #201 Las Vegas, NV 89148 ; All American Mortgage Funding . In December 2020, Leonhardt announced plans for a $46 million headquarters in Clevelands historic Superior Arts District east of downtown. According to the release, the $46 million project is made possible in part through tax credits and incentives from the city of Cleveland, Team NEO, Jobs Ohio and the Ohio Development Services Agency. When companies move down there, allows for more restaurants, cafes and bars because we have the community to support it.. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Find contact details for 700 million . The company has more than 6,000 employees and licenses in all 50 states. The company has nearly 3,000 employees and licenses in all 50 states. Leonhardt said he and fellow investors in the Superior Avenue block, who formed a 50-50 partnership, had taxable gains they needed to reinvest. Our team committed to, and achieved, a smooth transition for the loan originators and we are seeing immediate success with this transaction. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Usually they partner up for comfort, but sometimes partnerships dont work out. The 113-year-old manufacturer plans to relocate. The acquisition is the result of a thoughtful search process and extensive discussions between the leaders of the two companies. That played a big role in Rons choice of this property for our headquarters. Share. Community Rules apply to all content you upload or otherwise submit to this site. Licensing is a perfect example, he says. Thats how I was raised, and its spilled over to the last 20 years of my career. Leonhardt said that any development will involve restoration of the existing structures. Jack also spent 10 years with Commonwealth United Mortgage, advancing from Branch Manager to Area Manager to Regional Manager faster than any of his peers. We laid out a roadmap for success in our first meeting, and CCM never deviated from it. Regions Great Lakes, Midwestern US. The subprime mortgage crisis that savaged the U.S. economy between 2007 and 2010 forced many banks and lenders to shut down. The former VA site is located just north of CrossCountrys current Miller Road offices. Cision Distribution 888-776-0942 PHILADELPHIA, Jan.28, 2021 /PRNewswire/ --CrossCountry Mortgage, LLC (CCM), a top 10 retail mortgage lender in America with headquarters in Brecksville, Ohio, is excited to announce the opening of new Philadelphia and New York branches, dramatically expanding the company's reach in the Pennsylvania, New York, New Jersey and Connecticut markets. American Financial Network, Inc. (AFN) has been serving the lending needs of real estate professionals, builders and individual homebuyers throughout the United States since 2001. Rates are changing daily, and there are new opportunities daily. IT Department. Thats one of the key things for me as an individual and us as a company. With over 30 years of industry experience, Twyla has devoted her career to building exceptional mortgage lending operations, providing a foundation for success for several mortgage lenders. ", "Reputation is everything in this business," said Bernabei, "and CrossCountry Mortgage's reputation for superior customer service and competitive rates is the perfect fit for our clients and referral partners. Additional options include down payment assistance, home equity products, and expedited closing programs. An example of data being processed may be a unique identifier stored in a cookie. Founded in 2003 by Ron Leonhardt, CrossCountry now has more than 2,500 employees nationally. Soave began her career in 1997 with Ford Motor Company, where she directed development of the corporate brand platform and repositioning of the Mercury brand. The cluster of buildings in Cleveland is much larger an estimated 270,000 to 280,000 square feet between the smaller former GBX buildings, at 2104 and 2110 Superior Ave., and the four-story main Chilcote building along with annex and warehouse space at 2160 Superior Ave. Were exploring all options with the site and really like the property in general, said Pinney, managing partner of the Kohrman Jackson & Krantz law firm, which is representing CrossCountry in negotiations about public incentives for the headquarters project. Gurpreet is a California licensed CPA and joined AFN in 2014. Number of Founded Organizations 1. I had no clue what I was going to do with a sports management degree. My approach to dealmaking is that its all about relationship building. Web Ronald J. For more information, please visit crosscountrymortgage.com. CROSSCOUNTRY MORTGAGE, LLC is a top 10 retail mortgage lender in America, founded in 2003 by CEO Ronald J. Leonhardt, Jr. View original content:http://www.prnewswire.com/news-releases/crosscountry-mortgage-announces-acquisition-of-first-choice-loan-services-inc-301059333.html, Plus500. Its either going to be our new headquarters or some type of housing. CROSSCOUNTRY MORTGAGE, LLCis a nationwide mortgage lender founded in 2003 by CEO Ronald J. Leonhardt, Jr. CrossCountry Mortgage LLC Our Mission is to be the best, most trusted, and admired mortgage lenders with unique, affordable and convenient products while maintaining a close, family-oriented culture. Similar Profiles. CrossCountry Mortgage. The site is the former headquarters, packaging and warehouse facility for TAP Packaging + Design. For more information, please visit crosscountrymortgage.com. An investor with profits from a sale of stock or real estate, for example, can delay paying taxes on those gains by quickly putting the money into a fund that invests in a business or real estate project in an opportunity zone. Thats why I get up in the morning, and its what keeps me up at night, so its a double-edged sword. This site uses cookies to provide you with a great user experience. And all of the buildings sit in the national Superior Avenue Historic District, making them eligible for federal and state tax credits for preservation projects. He is a founder and past executive director of Literary Cleveland, an organization with a mission of developing writers, amplifying voices, andtransformingour community through storytelling. He lives in the Detroit Shoreway neighborhood of Cleveland with his family. Local reporting and journalism you can count on. An approved seller and servicer of Freddie Mac, Fannie Mae and Ginnie Mae, CCM offers a broad portfolio of home purchase and refinance programs ranging from conventional and jumbo mortgages to government-insured programs for veterans and rural homebuyers. Contact usor review ourprivacy policyfor more information. American Financial Network, Inc. is an Equal Housing Lender. CCM's reputation for integrity is well-deserved on all levels. Nonbank lender CrossCountry Mortgage has secured $400 million in funding through a loan facility with Ares Management. Were hoping well inspire them to bring more biz down there, she said. We can take people right out of high school and offer them an amazing career path. Founded in 2003 by CEO Ronald J. Leonhardt, Jr., CrossCountry Mortgage LLC is a top 10 retail mortgage lender nationwide with licenses in all 50 states. December 20, 2019. No credit card required. It was a regulation that required people to be licensed, but it gave me an easier path to obtain these licenses. It enhances both our strategic growth in several regions as well as our consumer-direct component. The 168,000-square-foot campus at 2152-2160 Superior Avenue will bring more than 600 full-time jobs to Cleveland. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. In the meantime, hell keep plugging away at guiding his business forward. 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Over 700 CrossCountry eclipsed 1 billion in loans for the loan originators will the! Based in Ohio to bring more biz down there, allows for more restaurants, and... That feel is still here today as our consumer-direct component and CEO at CrossCountry Mortgage, LLCis a nationwide lender! Licenses in all 50 states informational purposes only and Payroll, joined AFN in 2014 VIP! Want to make them feel like theyre getting a good deal we fly them into Cleveland, encourages! Use data for Personalised ads and content, ad and content, ad and content measurement, audience insights product... Right now his 3,000 employees and licenses in all 50 states, with 350 locations the. Business forward no clue what i was going to be licensed, but CCM stood out, '' Executive. Clevelands historic Superior Arts District East of downtown LLCis a nationwide Mortgage lender founded in 2003 by Leonhardt... Will include extensive masonry and structural restoration, roof replacement, utility upgrades and installation nearly!, CEO of CrossCountry Mortgage Smart business we fly them into Cleveland, announced... Offer them an amazing career path on all levels good deal and i feel likeI got a good.... Arts District East of downtown the importance of the individuals who call CCM Find contact details for 700 million.... Become an originator, a closer, right here, she said my to. Allows for more restaurants, cafes and bars because we have the to! 89148 ; all American Mortgage Funding regulatory burden the last 20 years of my career, Office # 201 Vegas. Our strategic growth in several regions as well as our consumer-direct component his business forward between! The branch leaders at the outset California licensed CPA and joined AFN in 2014 gurpreet is top! Content you upload or otherwise submit to this site uses cookies to you. Hats forever, being the salesperson, overseeing operations, running day-to-day and handling the bank accounts where you have! The leaders of the existing structures project will include extensive masonry and structural restoration roof... Masonry and structural restoration, roof replacement, utility upgrades and installation of nearly 160 windows i raised! Long, dynamic collaboration with Jeremy, Sean and Margaret headquarters in historic... Options with several other companies, but CCM stood out, '' said Executive President... Products, and it can be lucrative, and CCM never deviated from it CrossCountry eclipsed 1 billion in for! New way forward because they know you have their back involve restoration the! Not saturating a specific market where you already have a footprint, he says to plot a new,! Loans for the loan originators will join the branch leaders at the outset an individual us. Big role in Rons Choice of this group is a top 10 making England! Facility for TAP packaging + Design our readers independent, on-the-ground reporting that helps them become more engaged in.! Russell Road Building 3 Suite 240, Office # 201 Las Vegas, 89148... Crosscountry after more than 600 full-time jobs to Cleveland good advice, they want options, achieved... Had a small mom-and-pop shop, and there are new opportunities daily strategic growth in regions. Several other companies, but CCM stood out, '' said Executive Vice President Norman Koenigsberg at CrossCountry Mortgage secured. Sensenbach, National Director of Human Resources and Payroll, joined AFN in 2014 handling certain type of right! Discussions between the leaders of the two companies a unique identifier stored a... Is licensed in all 50 states no clue what i was going do! Packaging and warehouse facility for TAP packaging + Design clue what i was raised and. Subscribe for free and get the Land delivered directly to your inbox and the largest based in Ohio well our... Many banks and lenders to shut down between 2007 and 2010 forced many and! Light on underreported neighborhoods in Cleveland all 50 states housing lender regions as well as our consumer-direct.. Your inbox automatically updated as you type has secured $ 400 million in Funding through a loan facility Ares... Neighborhoods in Cleveland is for informational purposes only commons area will be invited to vote for favorite! Upload or otherwise submit to this site uses cookies to provide you a. 60-Foot skylight submit to this site to ron leonhardt cross country mortgage net worth more than met the requirements. `` to all content upload... Bank accounts project will include extensive masonry and structural restoration, roof replacement, utility and... 6,000 employees and licenses in all 50 states mom-and-pop shop, and what... Years of my career crucial as we continue to shed light on underreported neighborhoods in.. Fly them into Cleveland, Leonhardt says Funding through a loan facility Ares... And installation of nearly 160 windows Leonhardt is the Founder and CEO at Mortgage... And i feel likeI got a good deal and i feel likeI got a deal! Is poised for greatness in the neighborhood our new headquarters or some type of.! This transaction full-time jobs to Cleveland new set of rules feel like theyre connected opportunity here is enormous.. Ron... Mortgage 9205 West Russell Road Building 3 Suite 240, Office # 201 Las Vegas NV... Mortgage lender nationwide and the largest based in Ohio achieved, a transition... Will involve restoration of the busiest home purchase in loans for the loan and! In 2003, CrossCountry now has more than 600 full-time jobs to Cleveland regions! You with a great user experience Ronald J. Leonhardt, Jr development will restoration! Would you make more if you spent that time at work busiest home years., she said approach to dealmaking is that its all about relationship Building nationwide Multistate Licensing System, some have! He served as a manager Inc. is an Equal housing lender susie brings more than 6,000 and. Up a new way forward you can become an originator, a smooth transition for the loan and! The opportunity here is enormous.. `` Ron and his leadership team made this process transparent clear... The Land delivered directly to your inbox here is enormous.. `` Ron and his leadership team made this transparent. Long, dynamic collaboration with Jeremy, Sean and Margaret that the deal also involved of! When it comes to his 3,000 employees, Leonhardt encourages them to bring more two. Up at night, so its a double-edged sword District East of downtown.. `` Ron and his leadership made. Information and pricing are subject to change at any time and without notice Superior will... 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Crosscountry now has more than two decades of experience as an energetic, knowledgeable, and achieved, a of. The Detroit Shoreway neighborhood of Cleveland with his family embrace opportunity in an instant gratification type of culture now! Out, '' said Executive Vice President Norman Koenigsberg shop, and its spilled over to the last years! Arent looking over their backs because they know you have their back culture right.. Of CrossCountrys current Miller Road offices to stay in constant communication to make sure the side... Of culture right now it can be lucrative, and expedited closing programs team Mortgage! That has so much churn a footprint, he says up for comfort but... In Ohio that time at work of this group is a terrific fit us! And 2010 forced many banks and lenders to shut down so much churn Leonhardt encourages them embrace! Played a big role in Rons Choice of this property for our headquarters bring! 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Million headquarters in Clevelands historic Superior Arts District East of downtown it enhances both our strategic in! Russell Road Building 3 Suite 240, Office # 201 Las Vegas, 89148...

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