Solution automates accounting processes, increases efficiency and enhances regulatory compliance
IRVINE, Calif., July 31, 2013 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced Atlanta- based lender, BrandMortgage, utilized its Accounting for Mortgage Bankers (AMB) system to support the company’s 70 percent increase in loan production since January 2011 and increase back-office efficiencies.
As a rapidly growing mortgage company, BrandMortgage needed an accounting system that would enable it to manage growing amounts of loan data and also provide its managers with detailed loan data in real time. Since implementing AMB in January 2011, the company grew loan volume by 70 percent and fully automated its loan data entry and reconciliation processes. AMB enables BrandMortgage to analyze loan data at a granular level and evaluate the profitability of its loan transactions in real time.
“AMB enables us to provide our managers with detailed loan level data in real time, while automating every aspect of our accounting processes allowing us to grow revenues efficiently,” said Jennifer Cramer, controller at BrandMortgage.
“AMB is designed to provide lenders with the ability to grow revenues through increased efficiency and automated accounting processes,” said Brian Lynch, president of Advantage Systems.