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MCS to Acquire Carrington Home Solutions’ Field Services Division

MCS-DS.com_-300x250Mortgage Contracting Services, LLC (MCS), a nationwide provider of services to the mortgage industry, has reached an agreement to acquire the property preservation division from Carrington Home Solutions, LP (CHS). The transaction is expected to close before the end of 2017.

MCS will assume responsibility to inspect and maintain CHS’ existing portfolio. Under the acquisition, CHS’ property preservation operations will integrate into MCS’ existing field service operations.

Caroline Reaves, CEO of MCS said in a statement:

The acquisition of CHS’ field services unit enables MCS to expand our industry footprint, and increase our national presence and economies of scale. Through our work with CHS in the past, we applaud the business they built. This addition is a perfect alignment with our MCS mission: being the leading outsourced services provider for banks, lenders, and mortgage servicers across the United States.

Over the past several years, MCS has continued to expand its portfolio of services and capabilities with the acquisitions of multiple national AMC valuation companies, title and settlement providers in addition to growing its field services division, which has operated for over 30 years.

“This transaction further demonstrates MCS’ commitment to our clients and communities in which we operate,” said Ms. Reaves. “We will continue to focus on quality, compliance and long-term relationships built on trust and integrity.”

For more than 30 years, MCS has protected, preserved and served communities across the nation. Some of the largest and most respected banks, lenders and mortgage servicers in the industry trust MCS to perform property inspections, property preservation, REO property maintenance, property registrations, valuations, settlement services, title and other mortgage-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 and monitoring a substantial vendor network. For more information, click here.

 

About Author: David Wharton

David Wharton, Online Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 15 years of experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at David.Wharton@DSNews.com.
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