Let’s face it—commission calculations are one of the most tedious, error-prone parts of mortgage accounting. Between tiered rates, bonuses, overrides, and role-specific rules, it’s easy for things to fall through the cracks.
Market Realities: Thriving with Focus, Efficiency, and Adaptability
The mortgage industry has always been cyclical, but today’s market presents new challenges that demand precision, agility, and smart decision-making. High rates, limited inventory, and rising operational costs have created a landscape where success has moved beyond production and needs …
Advantage Systems’ Joe Ludlow: Illuminating the Pathway to Profitability with Business Intelligence
As lenders continue to sell off production and look to reduce expenses, today’s market demands a shift from an opportunity-focused environment to one driven by marketing and sales strategies. In the current challenging market, lenders are struggling to drive loan …
Simplifying Complex Compensation Calculations for Mortgage Bankers
Compensation calculations for mortgage bankers are notoriously complex. Managing varying commission rates, bonuses, performance incentives, and different structures for each employee can quickly become overwhelming. Traditional methods of managing these calculations in spreadsheets often lead to errors, delays, and frustration …
Advantage Systems’ Joe Ludlow: Breaking Down the Complexity of Vendor Management Across the Branch Network
In this time of low volumes and tight margins, many lenders are scrutinizing expenses more closely and seeking innovative ways to enhance efficiencies and gain greater control over their operations. One area that is ripe for improvement is vendor management …
Easing the Load: How AMB Software Transforms Mortgage Accounting
Working in mortgage accounting, we all know the drill—mountains of paperwork, tight deadlines, and the ever-present pressure to be accurate. It’s no walk in the park, and the burnout? Real. That’s where Advantage Systems steps in with our AMB software, …
Mastering Time Management in Accounting
In the demanding world of accounting, where time is as valuable as accuracy, professionals are constantly seeking ways to enhance efficiency and manage their workload effectively. Amidst the complexities of accounting and the multifaceted nature of their job, accountants need …
Stuck in the Past: How Outdated Software Is Holding Back Your Mortgage Business
Sitting in the bustling office of a mortgage brokerage, it’s easy to spot the signs of a team wrestling with outdated software. The constant clicking of keyboards as accountants re-enter data into multiple systems and spreadsheets, the sighs from branch …
Streamlining Mortgage Accounting: Navigating Daily Challenges with Advanced Solutions
Professionals in mortgage accounting grapple with a myriad of daily challenges. From handling complex financial transactions to ensuring efficient data management, the need for streamlined processes is paramount. In this piece we explore these everyday hurdles and discuss innovative solutions, …