IRVINE, Calif.--(BUSINESS WIRE)--Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces it has worked with Intercap Lending (Salt Lake City, Utah) to complete an implementation of its Accounting for Mortgage Banking (AMB) solution.
The implementation was completed in approximately 60 days and enabled the lender to more effectively manage the accounting functions of its branches. The speed with which the implementation was finished provided Intercap Lending the ability to achieve a faster ROI.
“Advantage Systems’ technology allowed us to be less dependent on IT staff and this transformed months-long processes into those that take a few hours,” said Clayton Anderson, CFO of Intercap Lending. “From beginning to end the installation took two months and we were showing results in terms of increasing our competitiveness and achieving growth almost immediately.”
“Over the years, our AMB implementation process has been refined by a combination of customer feedback, increasingly advanced technology and a more practical use of this technology based on best practices developed over several years,” 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, both accounting and non-accounting staff, 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 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.