Advantage Systems Announces Churchill Mortgage Achieves Greater Loan Volumes without Requiring Additional Staff through AMB

– Mortgage lender eliminates manual processes through accounting technology-

IRVINE, Calif., Feb. 2, 2015 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announces that Brentwood, Tennessee-based Churchill Mortgage, a leader in the mortgage industry providing conventional, FHA, VA and USDA residential mortgages across 33 states, has used its AMB (Accounting for Mortgage Bankers) solution to achieve higher loan volumes without having to hire additional staff by eliminating time-consuming manual processes through automation.

Churchill Mortgage selected AMB as its accounting system in early 2014 after deciding it needed a simpler process to handle the workload required to produce detailed financial reports measuring the profitability of its branches. At this time, Churchill Mortgage was using a generic solution that was not designed specifically for mortgage lenders and relied heavily on manual processes to create in-depth reports.

Implementation went smoothly since AMB was fully compatible with the lender’s LOS, Encompass, and the solution was deployed faster than expected. Using the new solution, Churchill Mortgage’s executives were able to produce and view detailed analysis reports measuring branch performance and evaluate the profitability of each loan using AMB’s loan level reporting capabilities.This transformed the lender’s accounting system into a strategic tool that was used to more effectively evaluate the profitability of each branch and allocate resources where they were most needed to increase the volume of loans being originated. Despite the increase in loan volume, however, Churchill Mortgage was able to keep its costs down and avoid having to hire additional staff because of the solution’s automation.

“AMB has saved us valuable time through its integration with our LOS,” said Matt Clarke, COO of Churchill Mortgage. “The system is valuable because of the way it enables us to speed up the way we originate loans and focus more attention on increasing loan volumes without increasing labor costs.”

“Our AMB solution has been built specifically to meet the needs of mortgage lenders,” said Brian Lynch, president of Advantage Systems. “AMB is continually updated based on feedback from our users, making it more practical and efficient in achieving a ROI.”

AMB is a robust accounting system that was specifically designed for mortgage bankers. The solution brings real-time accounting data to users, both accounting and non-accounting staff, in a practical, useable format. Key features include the ability to view loan level data that displays profitability by loan, loan type, loan officer and branch.


Debbie Harris

William Mills Agency