Skip to main content

Julie Dietz joins Residential Finance Corporation

National Mortgage Professional
Dec 09, 2008

Advantage Systems launches second generation of Commission Calculation Module in Accounting for Mortgage Bankers softwareMortgagePress.comAdvantage Systems, AMB, Commission Calculation Module, Accounting for Mortgage Bankers Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced the release of its second generation Commission Calculation Module for its Accounting for Mortgage Bankers (AMB) software. The enhanced, user-friendly module provides mortgage lenders in both retail and wholesale environments with greater flexibility to define how commissions and bonuses are calculated. The new module takes advantage of the loan-level accounting capability of the AMB software to minimize input and provides a higher level of confidence that commission calculations are correct because the accounting system generally receives greater scrutiny than other systems. Advantage Systems launched its first Commission Calculation module in 2003 and has consistently enhanced that module to meet the varied needs of its clients. This second generation of the module goes even further by adding the following: • An algebraic formula approach that enables users to more easily visualize the commission they are calculating. • An expanded list of fields on which to base commissions. In addition to loan type and product available in the original offering, the module has been expended to include more fields from the borrower record such as lead source, marketing channel and lien position. • More flexible user profiles that can be shared and modified. For example, short-term sales contest profiles are easy to implement and manage. • The ability to use different calculation tiers within the same user profile. For example, one tier might be used in the calculation of the commissionable amount while another is used to tally the final commission. "Five years of deploying and implementing our first generation module at numerous client sites gave us the unique insight we needed to complete the updated Commission Calculation Module," said Brian Lynch, president of Advantage System. "The menu-based functionality, algebraic style and depth of options available of our Gen2 module satisfy almost any potential calculation, without custom programming, for most wholesale or retail mortgage organizations. The labor savings are significant in companies with complex commission structures." 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. For more information, visit www.mortgageaccounting.com.
Published
Dec 09, 2008
FormFree Enters Deal To Offer Products to Lenders One Members

Mortgage Cooperative Hopes Automated Borrower Verification Tools Will Enhance Customer Experience

Industry News
Aug 03, 2021
AHP Servicing Names Charles Halko Jr. CFO

Brings 30-Years Of Experience to Chicago-Based Servicer

Industry News
Aug 03, 2021
Ready Capital Announces Deal To Acquire Red Stone

Real Estate Finance Company Expands In Multi-Family Affordable Housing Sector

Industry News
Aug 03, 2021
Anchor Loans Hires Andrew Jewett As SVP, Enterprise Sales

Formerly lead lending at Sundae Inc.

Industry News
Aug 02, 2021
Pretium Adds 3 Execs With Residential Credit Expertise

New Hires Will Serve As Managing Directors

Industry News
Aug 02, 2021
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021