Saves time, increases accuracy of financial reporting
IRVINE, Calif., Sept. 24, 2013 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, launched its Advanced Reporting Module to enable mortgage lenders to complete the Mortgage Bankers’ Financial Reporting Form (MBFRF) and the Nationwide Mortgage Licensing System (NMLS) Call Reports faster and more efficiently.
The Advanced Reporting Module provides lenders with the ability to easily produce the required financial components, such as income statements, balance sheets and statements of cash flow for both reports. Schedules for both reports are pre-built so that users only have to tailor them to their accounts. These templates can be used or easily modified for future use and completed reports can be exported in the XML format, which is allowed by the NMLS.
“Our Advanced Reporting Module enables lenders to complete MBFRF and NMLS Call Reports faster and more accurately so that they can focus on more important areas of their businesses, such growth and profitability,” said Brian Lynch, president of Advantage Systems. “The Advanced Reporting Module is a good example of how AMB is uniquely tailored for the Mortgage Industry.”