As Recently Hacked MCS Buys Five Brothers Labor Refusing to Come Along for the Ride

Don’t say we didn’t tell you — several months ago. Five Brothers finally bowed down and sold off to Littlejohn & Co. — err, Mortgage Contracting Services (MCS) — in a no holes barred multi-million dollar deal which is presumed to have included goodwill, golden parachutes and the lot. These are the pesky things normally viewed on 10K and 10Q documents, but Littlejohn is a private label firm and not required to publish publicly. Here is the news you are not hearing: Five Brothers has fired 30+ and counting employees today, alone. And to truly understand how it will ultimately end up, go no further than their press release which had these two important statements,

The Five Brothers service provider network and technology solution, FiveOnline®, will be integrated with MCS, while Five Brothers’ clients will benefit from MCS’s local, boots-on-the-ground capabilities in strategic markets.

“We look forward to integrating the Five Brothers team of property preservation experts as we deliver the same outstanding customer experience their clients have enjoyed for decades,” added Chad Mosley, President, Mortgage Services at MCS.

Key word is integration. And for those high and mighty Order Mills whom dared disbelieve my predictions, let me know how those order counts work out for you, next week. Stay up-to-date with our Paid Subscriber section as we dig deeper into the antitrust allegations potentially surrounding Littlejohn’s latest purchase in this evening’s Foreclosurepedia Industry Insider!