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MCS Revamps Vendor Management.

Mortgage Servicing News

| November 01, 2007 | Cornwell, Ted | 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

TAMPA, FL -- Mortgage Contracting Services here, a provider of property preservation and inspection services, has restructured its vendor management division to better work in partnership and accommodate the changing needs of its vendor network.

Changes include a lead generation program, a national supply change and a new vendor conference. The new division will be headed by vice president Gary Archambault, along with Amanda Sheridan and Elspeth Spransy, who will serve as internal and external directors, respectively.

MCS has tripled in size in the last 18 months, taxing its vendor network to the point were many contractors were overworked and taking on more assignments than they had the capacity to handle, the company said.

MCS decided to create a new lead generation program so it could provide vendors with subcontractors to complete work orders. For vendors that manage work across several states, finding qualified subcontractors can be challenging, the company said.

MCS developed the program to add value to vendors and help them find quality subcontractors to assist with growing demand for property preservation services.

Allan Martin, CEO of MCS, said in a news release that his company believes the key to success is having the right infrastructure in place.

"Our vendors are part of that infrastructure, and as such, ...

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