Skip to main content

Advantage Systems enhances its Accounting for Mortgage Bankers with BPO tracking feature
Aug 11, 2010

Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, has announced the addition of a Broker Price Opinion (BPO) tracking feature to its Accounting for Mortgage Bankers (AMB) system. In response to client needs, Advantage Systems developed a BPO tracking capability to enable mortgage lenders to record BPO values on individual loans throughout the life of the property. With this tool, lenders can incorporate the most recent BPO price into reports using the Borrower Table, while keeping a record of all previous BPO amounts. “Those lenders handling REO properties have found the Broker Price Opinion to be an integral tool in the management of their business,” said Brian Lynch, president of Advantage Systems. “By incorporating a BPO tracking tool into AMB, we enable our clients to leverage the insight, time savings and cost-effectiveness of BPOs and easily compare the current value to the client’s investment in each property. Our goal at Advantage Systems is to give our AMB clients the tools they need to manage and grow their business without increasing costs.” 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 branch reporting module is also available for branch managers along with a module to calculate commissions, bonuses and overrides. For more information, visit  
Aug 11, 2010
Fannie Mae Introduces Spanish-Language Homebuyer Education Program

The new platform, HomeView en Español, aims to bridge language barriers hindering Hispanic-Americans from purchasing homes..

Sep 29, 2023
Layoffs At

After a rocky market debut, has laid off staff.

Sep 25, 2023
CFPB Issues Guidance On AI In Credit Underwriting

Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.

Sep 19, 2023
Intercontinental Exchange Completes Black Knight Acquisition; Births Dark Matter Technologies Under Constellation Software

Rich Gagliano takes the helm at Dark Matter Technologies, poised to lead the future of Empower LOS with a 1,300-strong team, blending startup agility with decades of industry experience.

Sep 18, 2023
FHFA Invites Public Engagement On Modernized Credit Score Transition

Stakeholder forums and listening sessions planned to ensure seamless rollout; extended timeline for bi-merge credit report requirement in play.

Sep 11, 2023
Desperation Drives Difficulty in Closing Mortgages in California

Analysis reveals California among top 20 toughest states for mortgage closures.

Sep 11, 2023