Mortgage Banking Solutions (MBS) has announced its merger with San Diego-based Abacus Accounting Services, a company offering comprehensive bookkeeping services to mortgage banks in the western United States. Shelly Rogers, president of Abacus commented, “I am delighted to join forces with MBS. They are the top mortgage banking advisory firm in the country.
“Shelly has done an amazing job creating a ‘best practices’ bookkeeping platform for mortgage banks. She has truly ‘cracked the code’ to offer outsourced bookkeeping,” said Andy Schell, CPA, CMB managing partner for accounting services with MBS.
Rogers has extensive experience in accounting. She holds a bachelor’s degree in accounting and was an auditor with a CPA firm. She is an expert in accounting systems, as well as a veteran in the mortgage business. She was an owner of a mortgage lender, a senior executive of a national mortgage bank, and a consultant supporting the bookkeeping, accounting and audit needs of mortgage banks.
“Shelly enhances our team by bringing a ‘ground level’ perspective to solving real world accounting issues for mortgage banks,” said Chuck Klein, managing partner for acquisition services at MBS.
Warehouse lenders have increased their requirement for all mortgage banks to quickly produce financial statements. “Most owners of mortgage banks are not great accountants and need help. This will be a tremendous service for mortgage banks that are under increasing pressure from warehouse lenders as well as investors to get their numbers right” said David Lykken, managing partner for strategic services at MBS.
MBS now offers bookkeeping services in addition to their CFO2Go product suite. “MBS is the only firm that offers both expert mortgage consulting and hands-on bookkeeping. I am confident that the integration of Abacus into MBS will give us the ability to better serve our mortgage lending customers and expand our outsourced bookkeeping service nationally,” said Schell.
For more information, visit www.mortgagebankingsolutions.com.