Advantage Systems’ Web-based reporting tool supports growth of net branchesMortgagePress.comAdvantage Systems, contract management tools, MBA 95th Annual Convention and Expo, Accounting for Mortgage Bankers
Advantage Systems, a provider of accounting and contract
management tools for the mortgage and real estate industries,
announced at MBA's 95th Annual Convention and Expo that the
Web-based reporting tool within Advantage Systems Accounting for
Mortgage Bankers (AMB) is now used by 971 branch locations across
the United States.
The Web-based reporting tool within AMB enables mortgage lenders
to provide their branch managers with information such as
loan-level accounting reports, branch profit and loss reports,
branch check register and originator performance reports via the
Internet in real time. The system has role-specific views that can
be established and restricted by the organizations chief financial
officer.
Benefits of the Web-based reporting tool for branch managers
include eliminating the burden of bookkeeping and accounting while
providing updates on the status of pending loans and financial
progress, in real time, without placing calls to company
headquarters.
"AMB's Web-based reporting tool helps mortgage lenders by taking
away the financial headaches associated with branch expansions,"
said Brian Lynch, president of Advantage Systems. "By disseminating
loan information through a secure network, branch managers have
access to up-to-date reports and loan information, eliminating the
need to follow up with regional headquarters and enabling them to
operate with more flexibility and authority as their workload is
decreased. Having this capability also helps attract experienced
brokers and originators who want to originate loans without having
the responsibility of managing the operational side of the
business."
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.
For more information, visit www.mortgageaccounting.com.
