Mortgage Contracting Services, a provider of property preservation and inspection services to the mortgage industry, said Wednesday that it had begun to outsource some of its ancillary activities, such as accounting and support functions. A growth crunch led the company to search for more effective way of managing surging client needs, and the company said that after experiencing growth of more than 80 percent in 2007, it looked for ways to maximize efficiencies in serving customer needs. The company’s clients include six of the top 10 mortgage lenders, according to a press statement. Currently, MCS is outsourcing approximately eight percent of its back-office work, it said. “Anytime a company experiences rapid growth, it’s critical to continue looking for ways to improve efficiencies and minimize the cost to our customers,” commented Allan Martin, CEO of MCS. “Being able to reduce costs and make better use of our internal resources, technology and capital is a tremendous benefit for MCS. It allows us to focus on our core competency.” For more information, visit http://www.mcsnow.com.
Most Popular Articles
Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.
2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.