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Mortgage Contracting Services Enhances Compliance Section of Web Site

Posted on: Thursday, 18 December 2008, 10:31 CST

TAMPA, Fla., Dec. 18 /PRNewswire/ -- Mortgage Contracting Services (MCS), provider of property preservation and inspection services to the mortgage industry, announced the company has launched a newly designed compliance section of its Web site. In addition to sending compliance updates to customers via e-mail, the Web site now features all vacant property registration ordinances and regulatory advisories, as well as disaster tracking and guidelines from the U.S. Department of Housing and Urban Development (HUD), Fannie Mae, Freddie Mac and the U.S. Department of Veteran Affairs (VA).

As more vacant property registration laws are passed across the country, MCS wanted to streamline the comprehensive information and resources available. As a result, MCS enhanced the section of its Web site dedicated to compliance. With constantly changing regulations at the city, state and federal level, MCS believes the Web site coupled with the regular bulletins gives its customers an advantage to ensure they are meeting all regulatory requirements regarding their pre-foreclosure and real estate owned properties.

"Today's regulatory environment makes it challenging for our customers to keep up with information as it is changing at a daily pace," said Kerry Wilcox, director of marketing for MCS. "While our customers are focused on loss mitigation and keeping borrowers in their homes, we wanted to make it as easy as possible for them to access the most current ordinances and registrations to ensure they remain in compliance. The Web site is a perfect complement to our existing initiatives while enabling MCS to be the most comprehensive resource on regulations, ordinances and guidelines for mortgage servicers."

About Mortgage Contracting Services

Founded in 1985, MCS is a national property preservation company. Services include property inspections, property preservation, REO property maintenance, hazard claims administration and valuation services. Working for some of the nation's largest servicers, MCS is recognized as the most efficient and effective inspection and preservation company in the market, having built a reputation as a result of focused-based performance, specialized service and consistent service excellence.

SOURCE Mortgage Contracting Services

Source: PR Newswire

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