In the February 2015 Mortgage Industry Outlook Report released last month by the Collingwood Group and the Five Star Institute, 39 percent of survey respondents who service Federal Housing Administration (FHA) mortgages said that the biggest challenge in servicing those loans was fulfilling the Agency's property preservation requirements.
Read More »Mortgage Contracting Services Welcomes New Assistant VP of Compliance
Mortgage Contracting Services (MCS) has named Greg Smith as assistant vice president of compliance in the company's Ruston, Louisiana, office, according to an announcement from MCS.
Read More »MCS Valuations Announces Management Changes
Nationwide property preservation/inspection/REO property maintenance provider MCS Valuations (MCSV), LLC, has strengthened its management team to emphasize the company's focus on quality assurance and compliance, according to an announcement.
Read More »Mortgage Contracting Services Welcomes 2 Executives
Mortgage Contracting Services (MCS) has named Jeff Thompson as the new VP of Operations and Dan Hoeh as AVP of Operations for the company's Ruston, Louisiana operations center.
Read More »Mortgage Contracting Services Announces 90-Job Louisiana Expansion
Mortgage Contracting Services' (MCS) CEO Caroline Reaves and Louisiana Governor Bobby Jindal announced Tuesday the company will create 90 new jobs in Ruston, Louisiana while doubling the size of its business process outsourcing center to more than 20,000 feet.
Read More »Mortgage Contracting Services Names New CFO
Mortgage Contracting Services (MCS) announced that Paul Lee has been named CFO. Lee will work in the company's North Texas office, succeeding Michael Carroll, who is retiring after serving more than eight years in the position.
Read More »Secretary of State Addresses Mortgage Industry at Honors Event
Former Secretary of State Dr. Condoleezza Rice delivered the keynote address to conclude Monday night's program at the 10th annual Five Star Conference and Expo in Dallas. Dr. Rice took the stage after the unprecedented giveaway of 10 free homes to U.S. veterans and their families by the Military Warriors Support Foundation, four banks in attendance, and three event sponsors. The evening kicked off with the presentation of the 2013 Five Star Lifetime Achievement Award to Anthony T. Meola of Bank of America.
Read More »New Holding Company to Operate Three Field Service Firms
Three prominent mortgage field service companies will fall under the ownership of one new holding company. The company, formed by Concentric Equity Partners (CEP) and TDR Capital (TDR), will own Mortgage Contracting Services, LLC (MCS), Asset Management Specialists, Inc. (AMS) and Vacant Property Specialists, LLC (VPS). The deal is expected to close October 1, 2013.
Read More »MCS Names VP of Vendor Management
Mortgage Contracting Services (MCS) announced the promotion of Elspeth Spransy to VP of vendor management.
Read More »MCS Announces Two Promotions
Mortgage Contracting Services (MCS) announced the promotion of Wade Petty and Marie Walters to VP of finance and controller/assistant VP, respectively.
Read More »