Mortgage Contracting Services Under New Ownership

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Mortgage Contracting Services (MCS) has completed a company recapitalization, with its new ownership comprising an investor group led by Littlejohn & Co. LLC, Lynstone SSF Holdings, 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,” says MCS CEO 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.

MCS provides field services such as inspections and property preservation for mortgages in default and real estate owned (REO).

Photo: Caroline Reaves

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