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Mortgage Contracting Services Names New AVP of Operations

""Mortgage Contracting Services LLC"":http://www.mcs360.com (MCS), a nationwide provider of property preservation, inspections, and REO property maintenance, announced Tuesday the addition of Charles Mangan as assistant vice president of operations.

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Working out of the Dallas office, Mangan will oversee property preservation activity of the company's REO clients and contribute to MCS' overall strategy for preserving the country's communities while also minimizing servicers' risks and costs to do so, according to a statement from the firm.

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Mangan has more than 30 years' experience in the REO management and financial services industry. Most recently, he managed REO operations for national servicing company American Home, leading a team of associates responsible for the management and liquidation of a real estate portfolio in excess of $500 million.

Prior to that, Mangan was director of finance for HomeVestors of America, where he led the lending operations for a nationwide real estate franchise network.

His career began in the early 80s in the savings and loan era, managing REO operations for 10 years. He then spent another 10 years with Associates Financial Services, holding various positions managing REO and asset management operations. Mangan is a member of the Texas Association of Mortgage Brokers.

Caroline Reaves, CEO of Mortgage Contracting Services, said, ""Our management team shares a combined more than 350 years of experience in leading servicing shops, and Charles is adding to that expertise. We expect that his addition will enhance the way in which we can use our past experiences to most proactively respond to, and provide solutions for, clients' needs in varying market cycles.""

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
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