MCS Names Todd Luckey AVP Operations

Executive to help guide development of new products, services

TAMPA, Fla., Dec 14, 2009 - Mortgage Contracting Services (MCS), a property preservation and inspection services provider to the mortgage industry, announced that Todd Luckey has joined the company as assistant vice president of operations. Working out of the Dallas office, Luckey will help direct the development of new business offerings for the company's growing and diversifying customer base.

Luckey brings to MCS an extensive background of working with REO as well as with efforts in loss mitigation. He was director of primary REO servicing for GMAC Mortgage, an indirect wholly owned subsidiary of GMAC LLC, prior to joining MCS. During his more than 10-year tenure with the company, Luckey held various positions in its REO division. Before GMAC, Luckey was a founding partner of New England Workout Group LLC, a loss mitigation outsourcing company. He currently is an active member of REOMAC®.

"One of MCS' primary goals is to build a team with vast industry knowledge and a keen sense of our clients' future needs; Todd's addition is a continuation of those efforts," said Caroline Reaves, CEO of MCS. "In an industry that is ever changing, it is necessary to be forward thinking and innovative in the development of new business offerings. Todd's expertise will greatly contribute to our current initiatives as well as to furthering MCS as a leader in the preservation space."