Reduces time, costs associated with implementation
IRVINE, Calif., Aug. 27, 2014 – Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, today announced Bellevue Washington-based Evergreen Home Loans completed an implementation of its Accounting for Mortgage Bankers (AMB) system, an accounting system designed specifically to meet the needs of mortgage bankers, in less time than expected and significantly under budget.
Advantage Systems’ extensive experience implementing its AMB product over the last 23 years combined with the product’s built-in capability to import data, which eliminates the burden of manually entering information, contributed to a significant reduction in the time and cost typically expected of a project this size. Also contributing to the savings was the fact that AMB comes with more than 500 prebuilt reports, including its General Ledger Reconciliation and Transactions by Loan Number reports, which have proven invaluable to managing loan-level detail. Having this body of reports eliminates the traditional requirement of building these reports from scratch. The final ingredient was some very talented people at Evergreen that ensured the success of the project.
Since launching AMB in October of 2013, Evergreen has been able to fully automate its accounting processes. Additionally, users can drill down from a branch P&L complete with loan volume data to the transactions comprising the P&L.
“Advantage Systems’ extensive experience implementing AMB enabled us to get the system up and running quickly so that we could focus on more important things, such as growth,” said Heather Sparby, accounting supervisor at Evergreen Home Loans.
“AMB was designed specifically to meet the needs of the mortgage industry,” said Brian Lynch, president of Advantage Systems. “As a result, lenders spend less time implementing the software and more time originating loans. The Evergreen team has done a great job of partnering with us to implement AMB in the fastest and most cost effective manner possible.”