Skip to main content

Ellie Mae partners with Mortgage Power Network, giving Encompass users access to Chip Cummings' marketing tools

Aug 04, 2008

Advantage Systems adds dashboard feature to AMB Accounting SoftwareMortgagePress.comAdvantage Systems, Accounting for Mortgage Bankers, software, Online Analytical Processing Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced the addition of a dashboard analytics feature to its Accounting for Mortgage Bankers (AMB) software package. The AMB Dashboard Analytics is Advantage Systems' implementation of a powerful, comprehensive and easy-to-use Online Analytical Processing (OLAP) view of data. OLAP is a member of the broader category of software known as Business Intelligence. The added dashboard feature expands the scope of traditional accounting systems so data can be more easily accessed and used by presidents, CEOs and non-accounting staff. The data is displayed through charts and graphs, making the accounting reports and information easier to read and understand. This feature can be used by decision makers to study real-time loan profitability and can help determine which loan products, branches and loan officers are most profitable. Another attribute of the dashboard feature is the ability to illustrate activity on loans even after closing, aiding in the effort to track amounts due from fees and ancillary expenses. "AMB's new dashboard analytics feature was designed to enable presidents, CEOs and other decision-makers to leverage accounting data into a tool that can reduce expenses and boost profitability," said Brian Lynch, president of Advantage Systems. "The dashboard feature makes accounting easier to understand for decision makers without an accounting background so they can see where their money is going, while at the same time reducing the costs that are incurred in the accounting process." AMB is an accounting system that was specifically designed for mortgage bankers to provide loan-level detail of accounting transactions. The system provides general ledger, accounts payable and report writing capabilities. A Web-based reporting module is also available for branch managers along with a module to calculate commissions, bonuses and overrides. For more information, visit www.mortgageaccounting.com.
About the author
Published
Aug 04, 2008
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024