MCS Introduces Code Enforcement Mini-Summits to Enhance Collaboration Between Industry Professionals and Municipalities

Leading mortgage field service provider expands scope of education initiatives

TAMPA, Fla., Sep 08, 2010 - Mortgage Contracting Services LLC (MCS), a nationwide provider of property preservation, inspections and REO property maintenance to the financial services industry, today announced the availability of code enforcement mini-summits as an extension of its initiatives to ensure industry-wide education and collaboration.

The company held its first session on Aug. 24 in Frisco, Texas, and will host additional mini-summits in coming months in areas that correspond with executives' travel schedules for tradeshows and other industry events. Greg Carr, a Frisco code enforcement administrator who attended that preliminary meeting, said, "This effort is mutually beneficial for banks, property preservation companies and city code enforcement departments to work together to achieve the same goal of preserving properties."

Working with municipalities across the country, MCS has the unique ability to bring together local code enforcement representatives, vendors and servicing shops for an interactive information exchange. The mini-summits will outline the intricacies of the default servicing industry for code officers, from the definitions of pre- and post-sale foreclosure, thorough MERS demonstrations, to how MCS interacts with each of its clients. The sessions also give these individuals an opportunity to have direct communication with both area contractors and servicers to discuss the community's particular challenges and tendencies regarding effective property preservation.

"Our goal with this program is to not only promote goodwill between these parties, but to also best prepare them to manage the defaulted properties within their jurisdictions," said Caroline Reaves, CEO of Mortgage Contracting Services. "Because of MCS' national presence and relationship with some of the largest mortgage servicers, we are positioned to significantly help impact the quality and overall performance of preservation practices."

The mini-summits provide specialized education and encourage collaboration between the code enforcement community and other default industry participants. These sessions may also be used by code officers to fulfill their continuing education requirements. MCS is offering this service at no cost to the municipalities or attendees. Once municipalities schedule a code enforcement mini-summit with MCS, the company will then enlist its local vendors and servicing shops to attend.