Mortgage Contracting Services (MCS), a property preservation and inspection services provider to the mortgage industry, today announced that the company has again grown its portfolio to support increasing demand for quality, effective inspection and preservation work in the default servicing sector.

Efforts in loss mitigation and homeownership preservation continue to mount, and servicers are increasingly relying on companies like MCS to outsource many field service functions, ensuring that these properties remain in a lendable condition. MCS executives note that the changing landscape of the mortgage industry has introduced new trending in the diversity of their client base. As REO volumes began growing at a rapid pace last year, MCS took on the additional work for many of the nation's top mortgage servicers. Now more recently, MCS is coming to the aid of state attorney groups to provide specialty inspections as well as working with smaller preservation companies to assist them in managing the challenging volume.

"The default servicing sector is a time sensitive environment, and for more than 25 years MCS has reacted with a sense of urgency to the industry's needs to provide consistent excellence in field service execution," said Allan Martin, CEO of MCS. "Over the course of this year and last, MCS has not only demonstrated growth, but progressiveness as well - our market share continues to increase, and our efficiencies and service do also."

The company's scalable infrastructure is built to respond to and execute large assignment volumes without modifying existing procedures, staffing requirements or systems. MCS uses a nationwide network of licensed and insured preservation subcontractors to implement customized service plans for each client. Its robust automated workflow application, MCS360, improves efficiencies by simplifying completion and invoice submissions to save time and costs for clients, the vendor network and MCS.