Inlanta Mortgage has completed implementation of a new accounting system that allows the company’s branch offices to more efficiently manage their accounting practices. Inlanta selected the Accounting for Mortgage Bankers (AMB) system, a product of Advantage Systems Inc. of Irvine, Calif., that was designed specifically for the mortgage banking industry. Loan-level detail is built into the AMB system allowing the accounting department to work within one system rather than a sea of spread sheets. The system’s real-time processing feature also allows Inlanta and its branch managers to instantly access Web reports on profitability by loan, loan officer and loan type, as well as for their branch.
“The new system is a real benefit to our branches because it has eliminated the need for time-consuming posting routines,” said Jean Badciong, chief operating officer at Inlanta Mortgage. “Branches can easily log in and remotely access their profit-and-loss data, and even calculate commissions. AMB also offers features that are industry-specific, like being able to link money paid by the borrower to money paid out. All this functionality will enable Inlanta’s partner offices to continue to grow our business efficiently.”
“To excel in today’s market, mortgage banking companies need the loan-level detail that AMB delivers,” said Brian Lynch, who founded Advantage Systems in 1986. “Inlanta now has the right system in place for maximizing efficiency and quality.”
For more information, visit www.inlanta.com or www.mortgageaccounting.com.