“As lenders budget for 2023 and factor in cost savings, they are realizing the importance of having branch-level profit and loss (P&L) data, especially as they are managing reductions of both fixed and variable costs. To learn more, MortgageOrb recently …
Advantage Systems Announces Expense Management Branch Income Feature Within AMB Sierra; Accelerates Speed of Reporting for Mortgage Lenders
IRVINE, Calif., Oct. 24, 2022 – In the current purchase market, where access to faster reporting is imperative to lenders’ branch profitability, Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced today the availability …
New Technology Accelerates The Speed Of Reporting For Mortgage Lenders
“In the current purchase market, where access to faster reporting is imperative to lenders’ branch profitability, Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced today the availability of its new Expense Management Branch …
Joe Ludlow of Advantage Systems: The Role of Enhanced Branch Reporting in a Purchase Market
“The key to lowering existing operational costs to efficiently manage “the spend” lies in equipping lenders with access to faster reporting, including detailed insight into loan volumes or margins and profits, for each branch within their network. Automated reporting capabilities …
Joe Ludlow of Advantage Systems: Better Vendor Management Can Provide Immediate Results
“As lenders carefully evaluate their personnel and operating expenses, one area of focus that should be included is expense control. Too often, both loan and non-loan expense approval and reconciliation is managed through a labor-intensive, error-prone, manual set of processes. …
Joe Ludlow of Advantage Systems: For financial institutions in growth mode, loan-level detail is key
Whenever two institutions are consolidated into one, it presents a litany of logistical and operational challenges, and as the lifeblood of most institutions, particular attention must be paid to lending departments. Profitability drives growth and whether as part of an …
Joe Ludlow of Advantage Systems: The Importance of Tracking Every Dime in a Rising-Rate, Recessionary Mortgage Market
“Mortgage lending has always been a volume game. Traditionally, narrow profit margins have made it necessary for lenders to originate as much as they can at the lowest cost in order to stay profitable — a task that is aided …
2022 AMB User Conference
Advantage Systems provided two full days of training and workshops at the Balboa Bay Resort, where they discussed the latest AMB 7 Sierra updates. AMB 7 Sierra is ideal for remote workers because it is fully browser-based and cloud friendly. …
Advantage Systems Announces Speakers and Session Details for AMB User Conference
Speakers from Richie May, Access Business Technologies to discuss cloud implementation, exit strategies in AMB-controlled environment IRVINE, Calif., June 20, 2022 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced its speakers and …