With Loan Volumes At An All Time High, Nations Lending and SWBC Mortgage Rely on Advantage Systems’ AMBfx Module for Better Financial Reporting

IRVINE, Calif.--(BUSINESS WIRE)--Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced today that Independence, Ohio-based Nations Lending Corporation and San Antonio, Texas-based SWBC Mortgage Corporation are leveraging the company’s software, including its AMBfx module, to build custom reports and deliver enhanced financial reporting all while working remotely during the pandemic.

“Low mortgage interest rates continue to fuel a surge in refinance activity amid the coronavirus pandemic, resulting in record-breaking loan volume for lenders,” according to Forbes. And, with employees working remotely, mortgage companies must lean on technology in a whole new way. With an increase in activity, Advantage Systems’ AMBfx users are able to enhance their reporting during this period of growth.

Advantage Systems’ client Nations Lending has seen significant efficiency gains with the platform. According to Laurie Petrich, Controller at Nations Lending, “We’ve had a huge increase in loan volume and activity – up almost 150 percent – and are thankful to work with a system that continues to grow with our company. Advantage Systems has proven to be a value-added business partner, consistently updating the system with features and functionalities that have saved my team a tremendous amount of time.”

With hundreds of easy-to-use reports already embedded into the AMB system, AMBfx allows users to build custom reports specific to their needs. Data is accessed directly from the AMB database into spreadsheets created by the user, meaning that changes made in AMB are immediately reflected in the customized spreadsheet.

In fact, the AMBfx module allows users to create financial reports leveraging the presentation capabilities of Excel, helping Advantage Systems’ client SWBC Mortgage enhance the presentation when reporting branch activity. Elaine Ratcliff, Vice President of Finance and Operations Controller at SWBC Mortgage, added, “The team at Advantage Systems continually adds new enhancements and security features all while keeping the software user-friendly. The AMBfx module has allowed our team to create custom-built reports for all of our branches – directly pulling in data from AMB to make tracking branch activity easier – significantly cutting down manual processes and helping with our month-end close process.”

Additionally, using AMBfx, reporting packages and board presentations are easily tailored to display the necessary data that supports each specific clients’ individual business strategy and growth plans. Because the reports are created in Excel, the data is easily supported using graphs and can be exported to PowerPoint to make the reports easier to digest for management.

Utilizing AMBfx for board reporting, Nations Lending has been able to cut down on manual processes and move away from generic, templated reports. Petrich explained, “Using AMBfx, we’ve created our entire monthly financial package – a 60-page board report, displaying financial data on all of our branches – all in one Excel spreadsheet. A process that used to take over four hours can now be done by updating the month’s criteria in a click of a button.”

“Although today’s environment remains uncertain, we are happy to provide consistency to our users, enabling their day-to-day operations to continue without major interruption,” said Brian Lynch, President of Advantage Systems. “The AMBfx module enhances Excel’s functions and capabilities, which allows our users to create reports tailored to their team’s needs and to submit impressive reports to management in the shortest time possible. The capability to pull data directly from AMB eliminates the need to manually export and format that data before it can be used, so creating attractive, meaningful reports has never been easier.

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.