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» VISIT US ONLINE @ DSNEWS.COM 89 enables us to build upon our customers' trust to operate securely," said Caroline Reaves, CEO of MCS. "is high standard is just the latest step in our commitment to the companies we serve." Companies must undergo a thorough review by a third party in order to complete the SOC 2 process. MSC was evaluated by three standards, including: security, an evaluation to ensure the company's system is protected against unauthorized access, use, or modification; availability, which shows the sys- tem is operational and can be used, as agreed upon; and confidentiality, a necessary protec- tion of information that should not be shared. "In a time when data security is a serious issue, it is essential to have protective measures in place," said Chad Mosley, COO of MCS' Solutions division. "MCS continues to be well- positioned in the mortgage services industry, and this successful review reaffirms our com- mitment to our customers." MCS' examination was administered by the CPA firm, Schellman & Company, LLC, between January 1 and June 30, 2017 RES.NET Launches Asset Strategy Tools at Five Star RES.NET announced the launch of a new suite of asset strategy tools designed to maxi- mize return on investment through the analysis of each asset. e first phase of its new tools was launched and announced September 18 on the opening day of the 2017 Five Star Confer- ence and Expo, held in Dallas. "We understand how critical it is to identify the right liquidation strategy in order to maximize the return on every REO asset," said Keith Guenther, CEO of RES.NET. "Working closely with our clients and taking their input into consideration, we identified two powerful 'Plugins' that integrate directly with our REO portal, providing real-time geo- graphical MLS, repair and comparable data. is data enables decision makers to perform analysis on each asset, determining maximum return on investment, and in turn, decide on the best liquidation strategy to maximize recovery." Currently, the best liquidation strategy for assets is determined through a real estate agent, bulk sales, or rental. e new tools consist of two modules: an MLS and Images Plugin and a Repair Management Plugin. Phase two of the Asset Strategy Tool aims to provide an in- tegration and single sign-on with direct access to repair estimates and a comprehensive MLS report that includes listing and sold comps, all without ever leaving the RES.NET portal. e Repair Management module is multi- faceted, including a cost estimation tool with an extensive pricing library, a workflow man- agement tool, a forms builder for customizable inspection forms, and additional products pro- viding property analytics from aerial imagery and remote-sensing data. With the MLS and Images Plugin, users have the option to best determine liquidation strategy adjustments, as well access MLS listed and sold comps, automated confidence scor- ing, and view configurable AVMs, historical subject, and interior comp photos. Mr. Cooper Supports Customers Affected by Hurricanes In the aftermath of a natural disaster, the dream of homeownership is shaken as residents face the challenge of rebuilding their homes and their lives. e devastation of Hurricanes Harvey and Irma has certainly tested this dream for many people. As one of the nation's largest mortgage ser- vicers, Texas-based Mr. Cooper is focused on doing all it can to help customers impacted by the recent hurricanes. e company is currently waiving or refunding late fees for mortgage payments on affected customers and refraining from any negative reporting to credit bureaus. On-site Mr. Cooper teams are also working to help customers through the insurance and loss mitigation process. In addition, many of Mr. Cooper customers are enrolling in forbearance modifications to allow for immediate relief as mortgage payments are delayed. In addition to donating items to hurricane relief drives and volunteering time with local non-profits, Mr. Cooper team members have also donated more than $110,000 to the Ameri- can Red Cross—all of which Mr. Cooper will match dollar for dollar without limit. THE LEADER IN DEFAULT SERVICING NEWS Help shape the next issue of DS News. Drop us a line at Editor@DSNews.com. The percentage of year-over- year increase in median home prices in Texas. Source: Texas Association of Realtors (TAR) Mid Year Review Report covers data from January to June 2017. STAT INSIGHT 7.7%