Mortgage Contracting Services, LLC (MCS), a provider of property preservation, inspections, REO property maintenance, and valuations for the financial services industry, announced that it is celebrating its 30th year of business operations.
MCS was founded in 1986 in Tampa, Florida and has grown steadily and adapted to a dynamic and evolving marketplace. The company has over 750 employees at three sites: Tampa, Florida; Ruston, Louisiana; and Plano, Texas, which became the company’s headquarters in 2007.
Over the years, MCS has navigated massive economic shifts and blossoming regulatory requirements, according to the announcement.
“MCS has been at the forefront of innovation in the mortgage servicing field during times of growth and turbulence, and our success is a real testament to our leadership team,” said Caroline Reaves, CEO of MCS since 2009. “It’s an honor to lead a company doing important work preserving communities around the country for our clients.”
A few highlights of the company's growth over the years includes:
- The 2012 opening of its operations center in Ruston.
- In 2014, that facility doubled in size and can now accommodate up to 180 employees.
- Also in 2014, the company expanded into appraisal and valuation services through the acquisition of MCS Valuations.
MCS has protected and preserved communities across the nation for 30 years. Some of the largest and most respected banks and mortgage servicers in the industry trust MCS to perform property inspections, property preservation, REO property maintenance, valuations and other default-related services in all 50 states. MCS has a history of providing these services in a highly regulated environment, the proven ability to handle large volumes of properties, and a record of recruiting, managing and monitoring a substantial vendor network.