Skip to main content

Advantage Systems Updates Its Accounting for Mortgage Bankers Tool

NationalMortgageProfessional.com
Mar 22, 2019

Advantage Systems has announced the latest update to its AMB solution, an accounting system specifically designed for mortgage lenders. Key updates focus on giving users more choices and additional tools for managing their accounting processes.
 
The New Preferred Payment feature provides users with the capability to make payments to vendors using a variety of methods. AMB continues to offer existing check printing and ACH capabilities but can now create payment files that can be processed by AMEX, AVID PAY, Chase, Wells Fargo and others. The new capability allows users to specify how each vendor will be paid so that when an invoice is selected for payment, the system automatically knows which method should be used making the selection process easier and less prone to error.
 
Advantage Systems is also releasing an update to the first phase of reporting in the new AMB7-Sierra platform. This update expands on the capability to present Loan Officer and branch detail as KPIs or financial reports. In both examples, the user can drill down to the transaction and supporting documentation on any data point or financial statement line item. The real-time transactional nature of AMB means that “C” level executives, accounting users, regional managers and branch managers can access  up to the minute financial data.
 
“We have continually strived to enhance the capabilities of the AMB software so that our clients have the most relevant and timely information possible, said Brian Lynch, President and Founder of Advantage Systems. “A major purpose of our annual user conference, the next one will be in June, is to bring clients together to define the enhancements for the following year. The enhancements mentioned above are just a few of the enhancements made since last year’s conference.”

 
Published
Mar 22, 2019
More from
Tech
UWM Launches BOLT Self-Service Platform

United Wholesale Mortgage launched BOLT, a self-service platform that the company says can provide initial approval for qualified borrowers in 15 minutes.

Tech
Sep 27, 2021
SimpleNexus Taps DocMagic To Help Enable Fully Digital Closings

SimpleNexus announced the integration of its Nexus Closing eMortgage solution with DocMagic’s eVault and eNote technologies.

Tech
Sep 24, 2021
E-Closing Technology: Norcom Mortgage’s Implementation Lessons

Norcom Mortgage outlines its implementation lessons learned as the company transitioned to its digital experience.

Tech
Sep 17, 2021
New York Community Bank Creates Groundbreaking Digital Payment Process

Now Figure Technologies Inc. can conduct real-time secondary trading in digital shares of its stock by utilizing Figure’s alternative trading system (ATS) that operates on Provenance Blockchain.

Tech
Sep 14, 2021
NAMB Partners With Dell Technologies

Offers Discounts To Members To Help With Technology Upgrades

Tech
Sep 13, 2021
Notarize And Snapdocs Announce Partnership

Notarize and Snapdocs, Inc. entered a partnership in which brings two digital closing companies together in hopes to further streamline the closing process.

Tech
Sep 09, 2021