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31 July 2024 I N D U S T R Y U P D A T E The company's common stock is expected to begin trading on the New York Stock Exchange under the symbol "ONIT." Glen A. Messina, Chair, President, and CEO of Onity Group, said, "Today marks the start of a new era for our Company and signifies our transformation, growth and expansion into a balanced and diver- sified business. We are proud of what we have built—a strong servicing platform with industry-leading cost and operational performance, multi-channel originations and asset management capabilities, and a technology-enabled global platform." Messina continued, "This is more than just a name change. It is part of the continued evolution of our company that started more than five years ago. We now have a brand identity that reflects our company, our people, and our com- mitment to delivering results. Our new name, derived from the phrase 'on it;' our tagline, 'we get it done;' and our vibrant, energetic visual identity collectively stand for a company that takes action, follows through on its commitments, and is relentless in creating success for its customers and stakeholders. Onity represents who we are today, and I am excited for what the future holds." Onity's primary brands, PHH Mortgage Corporation and Liberty Reverse Mortgage, are expected to begin rebranding to Onity Mortgage in the fall of this year. MCS INTRODUCES HVAC SERVICING AND MAINTENANCE BUSINESS LINE M CS, a national property services provider, has announced the launch of a new heating, venti- lation, and air conditioning (HVAC) repair and servicing business line for residential/ Single Family Rental (SFR) and commer- cial properties in five states, expanding the company's core property maintenance services. Refrigeration maintenance and repair services, along with HVAC, are also available for commercial facilities maintenance clients of Chain Store Main- tenance—an MCS Company. This new offering from MCS was driven based on the demand for quality, licensed HVAC services in markets the company serves, and its ability to lever- age its local service centers, self-perform- ing capabilities, technology platform, and expertise in residential maintenance. MCS has already secured HVAC licenses in five states including Arizona, Florida, Georgia, Ohio, and Texas with plans to expand into 25 or more states over time. All HVAC work conducted by MCS follows the strictest American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE) guidelines and standards, and includes a variety of repair and ongoing preventa- tive maintenance services such as: » Full AC and heating unit replacements » Proactive and reactive maintenance including coil cleaning and filter changes » Repairs including fan and condenser replacements » Duct work » Thermostat installations and replace- ments » Commercial refrigeration services cov- er walk-in freezers and refrigerators, ice machines, prep tables and reach-in coolers "We're excited to unveil our new HVAC maintenance and repair platform, which underscores the MCS commit- ment of delivering a comprehensive suite of top-quality services to our custom- ers," said Andrew Nolan, President of Commercial and Residential Services at MCS. "Consistent with everything we do, the HVAC technicians on our team are experienced and knowledgeable in the market, and our commitment to adher- ing to ASHRAE standards provides our customers with the assurance all work will be completed based on the highest standards in the industry." The new HVAC business line also serves as an extension of the company's recently launched custom home remod- eling services initiative, currently offered in the Phoenix and Dallas-Fort Worth metros with future markets expected. "We're excited to unveil our new HVAC maintenance and repair platform, which underscores the MCS commitment of delivering a comprehensive suite of top-quality services to our customers." —Andrew Nolan, President of Commercial and Residential Services, MCS