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MCS Sees Growing Demand.(Mortgage Contracting Services)(Brief article)

Mortgage Servicing News

| April 01, 2007 | COPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Mortgage Contracting Services, based in Tampa, Fla., added 63 full-time positions to its staff last year amid rising demand for property preservation and inspection services.

Amid widespread reports of rising foreclosure rates, the growth of its business is one more sign that housing markets are cooling. While that may be bad news for most of the economy, it creates a market sweet spot for companies like MCS.

The company isn't done growing. During the MBA National Mortgage Servicing Conference, the company unveiled plans to add more than 100 additional employees by the end of this year. Allan Martin, CEO of MCS, said in a news release that his company is the "most efficient and effective inspection and preservation company in the market today."

During the conference in San Diego, Mr. Martin participated in a SourceMedia roundtable to discuss current market conditions.

The company uses a nationwide ...

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Source: HighBeam Research, MCS Sees Growing Demand.(Mortgage Contracting Services)(Brief article)

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