PROGRESS in Lending Association Names Advantage Systems’ AMB 7 Sierra Software as an Innovations Award Winner

Recognized as a “Top Innovation” in the mortgage industry for the company’s industry leading software, client support and new product development

IRVINE, Calif.--(BUSINESS WIRE)--Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced today that its browser-based AMB 7 Sierra software was named as a ‘Top Innovation’ in PROGRESS in Lending Association’s 10^th annual Innovations Awards.

The Innovations Award program highlights companies that work to develop industry-changing innovations. The association recognized innovations that were introduced into the mortgage market in 2019 as well as rewarded companies for creative enhancements, updates and changes to industry innovations that made a positive difference throughout 2019.

“PROGRESS in Lending Association’s annual Innovations Awards was developed to honor companies who create groundbreaking innovation to change the mortgage industry for the better,” said Tony Garritano, founder of PROGRESS in Lending Association. “While the COVID-19 crisis stopped us from introducing our 10th annual Innovations Awards in person, nothing can stop true industry innovation.”

“Our association named Advantage Systems’ AMB 7 Sierra as a top industry innovation because mortgage professionals need a solution that prioritizes real-time, easily digestible financial reporting at their fingertips and that is exactly what they get with AMB 7 Sierra,” Garritano continued.

“We are thrilled that our AMB 7 Sierra Reporting Package was listed among this year’s top industry innovations,” said Brian Lynch, President of Advantage Systems. “With the rapid switch to working remotely due to the COVID-19 crisis, our entirely browser-based solution allows mortgage professionals the ability to select the reports they need, when they need them. These reports can be accessed from anywhere, at any time.”

Additionally, the awards were scored based on five categories: the innovation’s overall industry significance, the originality of the innovation, the positive change the innovation made possible, the intangible efficiencies gained because of the innovation and the hard cost and time savings that the innovation enables industry participants to achieve.

The association’s team virtually announced award winners on April 9, 2020. To watch the video and see the list of top innovations, visit PROGRESS in Lending Association’s website.

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.