Web-based reporting tool quickly approaching use by 3,000 branch locations in the U.S.
IRVINE, Calif., Nov. 8, 2011 – Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced that the Web-Based Branch Reporting Tool within its Accounting for Mortgage Bankers (AMB) system has been implemented by more than 2,700 retail branches across the United States.
Developed in response to the growth in retail branching, the Web-based branch reporting tool within AMB enables mortgage lenders to provide their branch managers with real-time information such as loan-level profit and loss reports, branch check register and originator performance reports via the Internet. The system also has role-specific views that can be established and restricted by the organization’s executives.
Through the Web-based reporting tool, branch managers have easy access to vital day-to-day operating information, without placing phone calls to company headquarters. This eliminates the burden on the accounting department while providing updates on loan status and financial progress, enabling branch managers to function with more flexibility, authority and timeliness.
Earlier this year Advantage Systems launched its Loan Officer Reporting Tool as a module within the AMB accounting system. This tool builds on the capabilities of the Web-based Branch Reporting Module, drilling down further to give loan officers access to real-time loan-level data for each loan they have funded. The module provides each individual loan officer access to reports to help better track performance.
“As regulations continue to affect brokers and move them into retail branch environments, the Web-based branch reporting tool helps them maintain the necessary level of independence and accountability,” said Brian Lynch, president of Advantage Systems. “The technology helps branch managers focus on growth and funding loans instead of administrative tasks. It also enables the parent company to foster streamlined, transparent relationships with its branches through the reporting of real-time data.”