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ARIZONA
MCS Acquires Carrington Home Solutions' Field Services Division
Mortgage Contracting Services, LLC (MCS), a nationwide
provider of services to the mortgage industry headquartered
in Lewisville, Texas, has reached an agreement to acquire the
property preservation division from Carrington Home Solutions,
LP (CHS).
MCS will assume responsibility to inspect and maintain CHS'
existing portfolio. Under the acquisition, CHS' property preser-
vation operations will integrate into MCS' existing field service
operations.
Caroline Reaves, CEO of MCS, said in a statement, "e
acquisition of CHS' field services unit enables MCS to expand
our industry footprint, and increase our national presence and
economies of scale. rough our work with CHS in the past,
we applaud the business they built. is 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 and title and settle-
ment providers, in addition to growing its Field Services Division,
which has operated for over 30 years.
"is 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.
