FAQs

The investment in the AMB™ software will depend on the functionality and number of users purchased. Should implementation assistance be required, it is billed based on the hourly rate of the individual providing the assistance. Please call for a quote today.

Windows® 7, Windows® 8, and Windows® 10 are currently supported.

Windows® Server 2008 (64 bit), Windows® Server 2010 (64 bit), and and Widows® Server 2012, (64 bit).

We believe the real-time nature of the system, as opposed to older “Batch” systems makes the system extremely easy to operate. Users need only learn how to enter the various transactions. There are no time consuming posting routines to memorize. There are prompts along the way. At almost every field, a description of the data being requested will be presented at the bottom left corner of the form. Transactions can be edited after being entered and even deleted if the period has not been closed and the person doing the editing or deleting has the authority to do so. The year end close is without consequence. You cannot hurt yourself with our year end closing process and you can close again and again if you like and you can still print prior year financial reports. The closing process simply creates an “Income Summary” entry that has the effect of closing each P&L account balance. The actual P&L detail is not purged as it is with many systems. When reporting on prior periods, the “Closing” entry is simply ignored, allowing you to do “Rolling P&Ls’ or even place fiscal and calendar year entities on par.

As many as you like but we would recommend that periods be closed to prevent erroneous entries to a period which has been reported. Users with the proper authority can re-open a period if the need arises.

One of the major benefits of the AMB™ software is its ability to import loan related transactions, such as the Funding transaction. Doing so has allowed clients with growing loan volumes to not have to increase staff. Currently, the import functions are designed to work with comma delimited text files (.csv files) and many of the loan production systems available today have been able to create these exports.

Advantage systems was founded in 1986 to market an accounting and project management system called CONTRACK. CONTRACK had been designed for Real Estate developers. In 1991, Advantage Systems was approached by a local mortgage company to modify the CONTRACK product to meet the client’s need to manage “Trust” deposits made by borrowers primarily for credit applications and appraisal fees. To do this meant providing the capability to record transactions at loan level. Once that initial project was completed, it was clear that other types of transactions would benefit from being recorded at loan level, such as Fundings, Advances, Purchases and Payoffs. Providing the capability to record transactions at a loan level along with the related reporting resulted in a new focus for Advantage Systems and a new product called Accounting for Mortgage Bankers or AMB.

As of 9/30/2016, Advantage Systems had over 300 active mortgage clients.

Contact Joe Ludlow at Advantage Systems, directly at 949-250-0260×201. or email him at jludlow@mortgageaccounting.com. Joe can provide additional information about our mortgage loan accounting software and arrange a presentation of AMB’s unique capabilties.