MortgageReal Estate

Mortgage Contracting Services announces acquisition of Lenders Title Solutions

Latest in string of acquisitions for growing company

Mortgage Contracting Services, which provides property preservation services, inspections, REO property maintenance and valuations for the financial services industry, announced Tuesday that it is expanding again.

Earlier this year, MCS acquired EPIC Real Estate Solutions, and now MCS is adding Lenders Title Solutions into the fold.

Lenders Title Solutions is based in Clearwater, Florida and provides title insurance and settlement services. The company currently has 102 employees.

Financial terms of the deal were not disclosed, but Lender Title Solutions will retain its name and operate as a division of MCS Solutions, MCS’ valuation, title services and steel security product line, which the company launched earlier this year.

“Our philosophy has always been – and always will be – that growth is good only if it helps us do more and better things for our clients,” said MCS CEO Caroline Reaves.

“Adding Lenders Title Solutions and its very experienced and talented group of people fits that mold,” Reaves added. “This move is good for us and good for the people and clients that we serve.”

The company said that the deal builds on its previous acquisitions, which also include several business units acquired from CoreLogic in 2014.

“Lenders Title Solutions provides an unsurpassed level of customer experience and superior products and services for its clients,” said Chad Mosley, chief operating officer of MCS Solutions. “The company will make a great addition to our business, and I believe we both will grow stronger as a result of the combination.”

For Lenders Title Solutions, the company said it is excited about its new beginning as a part of MCS.

“We’re very proud of what we’ve created here and the services we’ve provided to our clients through the years,” said Chris Sketch, CEO at Lenders Title Solutions. “And likewise, we’re proud now to be a part of MCS Solutions.”

Ian Gorman, chief operations officer at Lenders Title Solutions, said that the deal will make new resources available to the company and “open up possibilities that didn’t exist before.”

Gorman added, “This is a new beginning for us and one that’s pretty exciting for everyone here and for the people we work with every day.”

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