MCS announced that it has agreed to sell its mortgage services business line, including property preservation services, inspections, and related asset management operations, to Stewart Information Services.
The divested unit, known as Mortgage Contracting Services, represents the legacy portion of MCS that has supported mortgage servicers and lenders for nearly four decades. Upon closing, Stewart will acquire all operations, processes, and technology associated with serving mortgage customers, while MCS will retain and continue operating its commercial, residential, and government services divisions.
The transaction follows a period of substantial growth for MCS since its founding in 1986, during which the company expanded nationally and added capabilities through acquisitions, including MSI and Five Brothers Asset Management Solutions. The sale will provide MCS with additional capital and increased strategic flexibility as it continues to strengthen its presence in markets beyond mortgage servicing, including retail and commercial facilities maintenance, government property services, and residential renovation offerings.
MCS has expanded its commercial services platform through the acquisition of Chain Store Maintenance in 2023, which now encompasses both exterior and interior facilities maintenance across an enhanced national service network.
The company has also expanded its residential services footprint, becoming a key service provider to the majority of leading single-family rental owner-operators and increasing its direct-to-consumer home remodeling operations to Phoenix, Dallas, and Tampa-St. Petersburg. Meanwhile, the government services division launched in 2024 and has already secured participation in statewide initiatives such as Florida’s Elevate Florida disaster preparedness and home strengthening program.
Stewart views the acquisition as a strategic expansion of its real estate and lender services portfolio. By integrating Mortgage Contracting Services into its offering, Stewart gains an established platform for property preservation, which it currently does not provide. The acquisition is expected to expand Stewart’s relationships with mortgage servicers while maintaining continuity of service for existing MCS customers.
The investor group behind MCS, including Littlejohn & Co., Lynstone Holdings, and Neuberger Berman Alternatives Advisers, expressed support for the transaction. Macquarie Capital acted as exclusive financial advisor to MCS, while Baker Hostetler served as legal counsel. MCS leadership has indicated that its remaining business units will continue to operate under the MCS brand and remain focused on expanding into new regions, services, and customer segments.
KEY QUOTES:
“We are extremely pleased that the market has recognized the strong value of MCS’s mortgage/property preservation business, which has truly established itself as the premier asset in the industry. MCS is proud of the legacy it has built with this business line, and we strongly believe this will be an ideal strategic acquisition for Stewart. We’re also confident our mortgage services customers will continue to receive the exceptional services MCS has delivered for years under this new ownership.”
“The remaining MCS businesses will continue to operate under the MCS brand and are well-poised for continued growth.”
Craig Torrance, CEO, MCS
“MCS has built a reputation over nearly four decades as an award-winning property services provider, trusted by industry leaders across all markets. Our commitment to providing our customers with the highest level of service backed by leading technology-driven solutions has enabled us to protect and preserve communities nationwide. By joining Stewart, we are aligning with a company that is one of the oldest and most respected in the industry and together, we are poised to elevate the mortgage service standards and deliver meaningful impact across the property services industry.”
Chad Mosley, President of Mortgage Services, MCS
“The future remains bright for MCS and we anticipate even more growth for both our residential and commercial business lines in the coming years, with new markets, additional services, and improved technology on the horizon.”
Andrew Nolan, President, Residential and Commercial, MCS
“Property Preservation services are critical and necessary for servicers as part of the mortgage lifecycle, and currently a service Stewart does not offer. Bringing MCS Mortgage Contracting Services into the Stewart family of companies broadens our lender and servicer customer base and expands our full suite of services. MCS is a well-respected leader in the industry, and our shared vision of providing premier service to all customers makes them a perfect fit for our rapidly growing lender base.”
Fred Eppinger, CEO, Stewart
“This outcome is a credit to the MCS team, whose leadership and execution have delivered consistently for customers and stakeholders alike. Stewart is a natural fit — a strategic owner with a deep understanding of the industry and a long-term commitment to the people and customers of MCS.”
Drew Greenwood, Managing Director, Littlejohn & Co.
