Part I: MCS and the Buyout Blitz
The consolidation of power within the mortgage field services industry has rarely been as stark as in the recent decade of acquisitions led by Mortgage Contracting Services. Once viewed as merely one of many order mills competing in a crowded field, MCS has transformed into a juggernaut by systematically buying out its rivals. Firms such as MSI, GIS Field Services, Five Brothers, and a host of others that once provided alternative pathways for servicers and vendors have now been pulled into the MCS orbit. What this has created . . .
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