Tag Archives: Mortgage Contracting Services

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.

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.

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.

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.

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.

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.

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.

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.

Mortgage Contracting Services (MCS) announced the promotion of Elspeth Spransy to VP of vendor management.

Mortgage Contracting Services (MCS) announced the promotion of Wade Petty and Marie Walters to VP of finance and controller/assistant VP, respectively.