American Financial Network Adds 50 New Mortgage Branches, Doubles Loan Volume with Advantage Systems’ Accounting for Mortgage Bankers System

Accounting solution supports growth, automates accounting processes and increases efficiency

IRVINE, Calif., June 2, 2014 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, today announced Chino Hills Calif.-based American Financial Network, Inc. used its Accounting for Mortgage Bankers (AMB) system to add 50 new mortgage branches and double loan volume.

As a rapidly growing mortgage company, American Financial Network needed an accounting system that would scale up or down based on loan volumes and enable it to provide its branch managers with critical financial information, such as profit and loss, in real-time. In December 2010, the company chose AMB. Since launching the AMB solution, the company fully automated its accounting processes, increased loan volume and grew its branch network without having to hire additional accounting staff.

“AMB enables us to grow more efficiently, increase the accuracy of our financial reporting and provide our branch managers, regional managers and executive team with the financial information they need to do their jobs more effectively,” said Barbara Bowles, Controller of American Financial Network.

“Our technology enables lenders to automate accounting processes so that they can focus on growth and funding loans rather than administrative tasks,” said Brian Lynch president of Advantage Systems. “American Financial Network’s executive team has done a great job of utilizing AMB to support their national growth strategy.”