IRVINE, Calif., November 17, 2023 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced today the availability of its new Full Branch Impact feature as part of the recently enhanced AMB Sierra platform.
For mortgage professionals tasked with overseeing a lender’s branch network, simply viewing an income statement for a specific branch does not provide a comprehensive understanding of its true performance. The complexity arises from the fact that certain components of income generated by a branch might be allocated to entirely different cost centers, such as corporate or secondary marketing. To obtain a holistic view of a branch’s performance, executives must scrutinize not only the income accrued at the loan level from loans originating at that branch, but also additional operating expenses, including payroll and rent, among others.
AMB Sierra’s Full Branch Impact feature offers enhanced reporting capabilities to deliver greater levels of transparency and a better analysis of the contribution each branch is making to the overall company. All of this is done in real time within a controlled environment, ensuring that those reading these reports only see the activity for those branches to which they have been granted access. Regional managers only see the activity for the branches they manage, while C-suite executives running the same report see the full impact of loans originated by a branch or group of branches.
“With access to granular, loan-level insights, lenders can develop a comprehensive view of income allocation and branch performance, paving the way for more data-driven decisions to optimize operations and improve profitability,” said Brian Lynch, president of Advantage Systems. “AMB Sierra’s Full Branch Impact feature transcends traditional reporting constraints, ultimately empowering mortgage lenders to better manage their branches, enhance corporate’s financial performance and adapt to changing market conditions with confidence.”
About Advantage Systems
Founded in 1986, Irvine, Calif.-based Advantage Systems is a provider of accounting and contract management tools for the mortgage and real estate industries. Advantage Systems’ Accounting for Mortgage Bankers (AMB) was developed in response to the need the company saw for a general ledger accounting product that could eliminate the spread sheets and manage the loan level detail required by the mortgage banking industry. In so doing, AMB gives its users the tool they need to be confident about the data being reported to management and others. For more information, visit www.mortgageaccounting.com.
Media Contact:
Augusta Bauknight
William Mills Agency
678-781-7214