IRVINE, Calif.--(BUSINESS WIRE)--Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, experienced significant growth in 2014 among large, medium and small lenders alike.
One of the factors leading to Advantage Systems’ growth is the level of functionality the AMB product affords its users. AMB has evolved to meet the industry’s needs with advanced features such as the built-in loan level accounting capability, the ability to calculate complex commissions easily and its recently added feature that produces the financial component of the Mortgage Bankers Financial Reporting Form and the NMLS Call report.
Other factors contributing to Advantage Systems’ growth included the company’s continued enhancement of its popular “Web Based Reporting” module that allows managers real time access to comprehensive financial and loan volume data on their respective branch or branches. The level of reporting available through this module puts the information at the manager’s fingertips eliminating calls to corporate as well as the burden on the accounting department to package reports to each branch at month end.
Advantage Systems has enhanced its reporting capability with its new dashboard designed to provide a graphical presentation of several key performance indicators such as days to fund, days from funding to sale and purchases verses refinances, net income per loan and much more.
This year, Advantage Systems celebrated several long-term client relationships with Continental Home Loans, Cherry Creek Mortgage Company, Ross Mortgage Corporation, South Pacific Financial Corporation, Hometrust Mortgage and Gershman Mortgage that all span 15 or more years.
“Our continued growth is due to the fact that Advantage Systems has always incorporated feedback from our clients to enhance the functionality of the AMB product,” said Brian Lynch president of Advantage Systems.
AMB is a robust accounting system that was specifically designed for mortgage bankers. The solution brings real-time accounting data to users in a practical, useable format. Key features include the ability to view loan level data that displays profitability by loan, loan type, loan officer and branch.
About Advantage Systems
Founded in 1986, Irvine, Calif.-based Advantage Systems is a provider of accounting and contract management tools for the mortgage and real estate industries. Advantage Systems' Accounting for Mortgage Bankers (AMB) was developed in response to the demand the company saw for a general ledger accounting product specifically designed for the mortgage banking industry. AMB has the ability and reliability to track costs at loan level in real time, eliminating redundant spreadsheets and providing financial data that can be used by CEOs, management and staff who may not be trained as accountants. For more information, visit www.mortgageaccounting.com.