IRVINE, Calif.--(BUSINESS WIRE)--Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces it offers an Advanced Reporting Module within Accounting for Mortgage Bankers (AMB) to produce specialized quarterly reports required by various agencies within the industry.
The Advanced Reporting Module simplifies the process of producing the Mortgage Bankers Financial Reporting Form (MBFRF) and Nationwide Mortgage Licensing Service (NMLS) Call report. Without the Advanced Reporting Module, this process frequently takes two or more days to produce but with AMB’s Advanced Reporting Module, preparing the forms takes minutes.
“The Advanced Reporting Module has saved me time and headache when preparing these reports every quarter,” said Kelly Brinkman, controller at Summit Mortgage. “Many mortgage lenders try to prepare the MBFRF and NMLS forms manually and expend time and effort on a process Advantage Systems has fully automated with the Advanced Reporting Module.”
“Many mortgage bankers rely on Excel spreadsheets to prepare these complex quarterly reports, but our Advanced Reporting Module simplifies a tedious process that all mortgage bankers face,” said Brian Lynch, president of Advantage Systems. “The Advanced Reporting Module is just one example of how AMB has been able to save mortgage bankers time and streamline recurring procedures.”
About Summit Mortgage Corporation
Founded in 1992, Plymouth, Minnesota-based Summit Mortgage is a national mortgage lender. Summit is currently licensed in 14 states and has branches from coast to coast. Summit operates as a privately-owned, direct seller to agencies as well as a correspondent to investors. For more information, visit www.summit-mortgage.com.
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 need the company saw for a general ledger accounting product that could eliminate the spread sheets and manage the loan level detail required by the mortgage banking industry. In so doing, AMB gives its users the tool they need to be confident about the data being reported to management and others. For more information, visit www.mortgageaccounting.com.