Gateway Mortgage Group Selects Mortgage Contracting Services to Address Property Inspection, Preservation Needs

April 3, 2012

TULSA, OKGateway Mortgage Group, a privately held mortgage company providing conventional, FHA and VA loans through 50 retail branches nationwide, has chosen Tampa-based Mortgage Contracting Services (MCS) to streamline the property-related management of its servicing portfolio. MCS is a nationwide provider of property preservation, inspections and REO property maintenance to the financial services industry.

As Gateway expands its servicing portfolio and grows its newly opened subservicing unit, the company needs additional support to effectively manage these properties and to remain in-line with both national and local guidance around specific property ordinances and for various loan types. MCS will provide Gateway with various inspection services, from occupancy determination to property condition inspections, while providing ongoing preservation services, including the monitoring of various property ordinances, for Gateway’s pre-sale and REO properties. Gateway selected MCS based on its experience and commitment to quality performance coupled with an ability to provide nationwide services as Gateway continues to expand. In addition, MCS’ Dallas location is in close geographic proximity to Gateway’s corporate office and predominant market.

“MCS’ team has extensive expertise in the property preservation of GSE loans, especially FHA,” said Kevin Osuna, vice president of default services for Gateway. “With our new subservicing unit specializing in these types of loans, the partnership is a perfect fit. Because of its leadership in the field services industry, we are confident MCS will provide Gateway with the tools necessary for success in our servicing endeavors.”

“We are excited for the opportunity to partner with Gateway for its field services needs and to help serve its customers and the communities in which it operates,” said Caroline Reaves, Mortgage Contracting Services CEO. “Gateway provides a new alternative in specialty and default servicing, and we embrace the opportunity to work with this company as it expands these efforts across a broader market.”

About Gateway Mortgage Group

Founded in 2000, Tulsa, Okla.-based Gateway Mortgage Group is a complete end-to-end mortgage company that offers conventional, FHA, VA, Section 184 and USDA loans through a network of more than 50 retail branches across 25 states. Through Gateway’s personal approach and strong dedication to its borrowers and local communities, the company helps customers make sound financial decisions with the right loan product to meet their needs. For more information about Gateway, visit www.GatewayLoan.com.

About Mortgage Contracting Services LLC

For more than 25 years, Mortgage Contracting Services LLC has protected and preserved communities all across the nation. The company is trusted by some of the largest mortgage servicers in the industry to perform property inspections, property preservation and REO property maintenance services in the U.S. and its outlying territories. MCS maintains its own nationwide network of insured field service vendors to improve workflow processes, mitigate risk and minimize costs on its clients’ behalf. MCS has built its reputation on maintaining the highest standards of both customer satisfaction and compliance with regulatory requirements. For more information, please visit www.mcs360.com.

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