Mortgage Contracting Services Announces New Ownership



Company recapitalizes balance sheet through substantial reduction in debt, obtains new long-term financing to facilitate growth, execute strategy as high-quality service provider to financial, real estate sectors

LEWISVILLE, Texas, Oct 05, 2020 -

Mortgage Contracting Services, MCS, a leading provider of specialized services to financial institutions, is pleased to announce that it has completed a recapitalization of the company. The company’s new ownership comprise an investor group led by Littlejohn & Co., LLC, Lynstone SSF Holdings Sàrl, funds advised by Neuberger Berman Alternatives Advisers, and Crescent Capital Group.

“We remain 100% focused on delivering the best customer experience while providing the market with a comprehensive service offering,” said MCS Chief Executive Officer Caroline Reaves. “MCS is a strong business because of our employees, our customer relationships, our sound business model, and strong leadership team. We are excited to partner with our new owners to further strengthen our operations and remain the industry’s provider of choice.”

Weil, Gotshal & Manges LLP served as legal counsel, and Houlihan Lokey and Portage Point Partners served as financial advisors to the company in connection with the transaction. Wachtell, Lipton, Rosen & Katz served as legal counsel and MAEVA Group served as financial advisors to an ad hoc group of its existing lenders.

About Mortgage Contracting Services 

For more than 30 years, MCS has protected, preserved and served communities across the nation. Some of the largest and most respected banks, lenders and mortgage servicers in the industry trust MCS to perform property inspections, property preservation, REO property maintenance,property registrations, HOA and Utility Services, and other mortgage-related services in all 50 states. MCS has a history of providing these services in a highly regulated environment, the proven ability to handle large volumes of properties, and a record of recruiting and monitoring a substantial vendor network. For more information, please visit www.MCS360.com.




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