Mortgage Contracting Services has acquired title insurance and settlement services provider Lenders Title Solutions.
Lenders Title Solutions will retain its name and operate as a division of Mortgage Contracting Services' valuation, title services and steel security product line, MCS Solutions. Financial terms of the transaction were not disclosed.
Mortgage Contracting Services Chief Executive Caroline Reaves said that acquiring Lenders Title Solutions, which currently has 102 employees, was a good move "for us and good for the people and clients we serve."
In 2014, Mortgage Contracting Services acquired multiple business units from CoreLogic, forming MCS Valuations, which provides appraisals and other services in the loan default sector. Mortgage Contracting Services subsequently announced in August 2015 that it would close the Utah office of MCS Valuations and consolidate its operations into three remaining offices.