Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, has announced that sales of its Commission Calculation Module within its Accounting for Mortgage Bankers (AMB) product has doubled since last year. The Commission Calculation Module of the Accounting for Mortgage Bankers (AMB) accounting system enables lenders to automate the calculation of commissions and bonuses in both retail and wholesale environments. The functionality enables users to create Commission Profiles for loan officers based on various aspects of the loan, such as loan type, loan product, source, channel and more. Users have the ability to split commissions, create tiers based on loan volumes and easily define simple and complex calculations, giving the user unprecedented capability to address the task at hand. While custom programming is available, it is not required to implement the system.
“Our Commission Calculation Module was built to save our clients time and money and to give those clients the peace of mind that the calculations driving those commissions are accurate,” said Brian Lynch, president of Advantage Systems.