<div id="readability-page-1"><div> , /PRNewswire/ -- MCS, the national property services provider founded in 1986, today announced that it has entered into an agreement to sell its mortgage services business line (&#34;Mortgage Contracting Services&#34;), which includes its property preservation services, property inspections and other asset management and maintenance work offerings, to global title and real estate services company Stewart Information Services Corp. Upon completion of the sale, MCS will continue to operate the MCS Commercial, MCS Residential, and MCS Government Services businesses, along with the associated sub brands of each of those entities. As part of the agreement, Stewart will acquire all MCS operations, processes, and technology that supports mortgage servicers and lenders while MCS will retain all operations, processes and technology related to the MCS Commercial, MCS Residential and MCS Government Services businesses. Since its founding, MCS has successfully supported the mortgage servicing industry by providing exceptional property preservation services across the full mortgage lifecycle. The company has grown into a nationally recognized leader in the sector, and over the past 39 years, the company substantially increased the value of the platform through organic growth and key acquisitions such as their recent purchases of property preservation leaders MSI and Five Brothers Asset Management Solutions. With the company's property preservation services flourishing and the successful expansion of its suite of comprehensive interior and exterior facility maintenance services into other national sectors such as retail and commercial services, government services and home remodeling, the time was right for MCS to consider selling its mortgage services business line. The sale to Stewart will provide MCS with additional capital while creating flexibility for future growth. &#34;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,&#34; said Craig Torrance, CEO of MCS. &#34;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.&#34; Torrance adds, &#34;The remaining MCS businesses will continue to operate under the MCS brand and are well-poised for continued growth.&#34; &#34;MCS has built a reputation over nearly four decades as an award-winning property services provider, trusted by industry leaders across all markets,&#34; notes Chad Mosley, President of Mortgage Services, MCS. &#34;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.&#34; Andrew Nolan will continue in the role of President, Residential and Commercial for MCS, and will report to CEO Craig Torrance. Nolan states, &#34;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.&#34; &#34;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,&#34; said Fred Eppinger, Stewart CEO. &#34;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.&#34; MCS is currently led by an investor group that includes Littlejohn &amp; Co., Lynstone Holdings, and Neuberger Berman Alternatives Advisers. Drew Greenwood, Managing Director with Littlejohn &amp; Co. adds, &#34;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.&#34; Macquarie Capital served as the exclusive financial advisor to MCS and Baker Hostetler served as legal representative to MCS in this transaction. MCS has continued to expand its property maintenance businesses across commercial, residential, and government divisions over the last three years and each of these divisions enjoyed a period of &#34;hyper-growth&#34; over this time period: Commercial Services: <ul type="disc"> <li>MCS broadened its commercial facilities maintenance offerings through the acquisition of Chain Store Maintenance in 2023, adding services such as handyman, electrical, locksmith and plumbing to its existing exterior maintenance offerings.</li> <li>All commercial facilities maintenance services are now marketed under Chain Store Maintenance - an MCS Company, and the business line combines an expansive network of local service partners and our own network of self-performing service centers to provide a comprehensive suite of services for commercial properties nationwide.</li> </ul> Government Services: <ul type="disc"> <li>MCS launched its Government Services business line in 2024 which brought its extensive suite of exterior and interior maintenance services, as well as disaster preparedness and recovery capabilities, to Federal, State and local government agencies nationwide.</li> <li>The Government Services line was recently awarded a seat on the coveted Elevate Florida program, a statewide residential initiative launched by the Florida Division of Emergency Management (FDEM) to help homeowners strengthen their properties against natural disasters.</li> </ul> Residential Services: <ul type="disc"> <li>MCS has become a market leader in the Single-Family Rental (SFR) sector and serves as a boots-on-the-ground service provider for properties across the country. The company has developed a working relationship with 85% of the Top 30 SFR owner/operators nationwide.</li> <li>In 2024, MCS launched its home remodeling and repair services, the company's first direct to consumer business line. The business has now expanded to three major markets including Phoenix, Dallas, and Tampa-St. Pete with more markets expected to be announced soon.</li> <li>Homeowners in these regions are now able to work directly with one of the nation's leading property care companies for kitchen and bath remodeling, home renovations, and other repairs.</li> </ul> For additional questions to MCS about the transaction, please contact MCS@greatink.com. For additional questions related to Stewart and its purchase of Mortgage Contracting Services, please contact John Chattaway at mediarelations@stewart.com. About MCS MCS is an award-winning property services provider working across Commercial, Residential and Government properties as well as the Property Preservation industry. For nearly 40 years, MCS has been committed to responsive care, industry-leading service standards, leveraging technology, and end-to-end transparency to protect, preserve and serve communities across the country. Some of the largest and most respected mortgage servicers, real estate owners and operators, corporations and government agencies trust MCS to perform property inspections, preservation, maintenance, renovations, and other property-related services. Learn how MCS is Making Communities Shine at MCS360.com. 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MCS has announced an agreement to sell its mortgage services business line to Stewart Information Services Corp. This includes property preservation services and asset management offerings. MCS will retain its Commercial, Residential, and Government Services divisions. The sale aims to provide MCS with additional capital for future growth while allowing Stewart to expand its service offerings. MCS has established itself as a leader in property services over nearly four decades, and the transaction is expected to enhance service standards in the industry.

MCS Announces Agreement to Sell Mortgage Services Business Line to Stewart